Business Standard

Evans Electric Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

1.93 cr

Price Range (₹)

52

Lot Size

2000

Min Investment (₹)

1,04,000.00

Listing Exchange

BSE - SME

Open Date

30-Apr-2019

Close Date

03-May-2019

Listing Date

13-May-2019

Evans Electric Ltd News

    The Shares of Evans Electric Ltd have now been listed.

    Evans Electric Ltd IPO Details

    Initial public offer of 3,72,000 equity shares of face value of Rs. 10 each (the equity shares) of Evans Electric Limited (the company or eel or the issuer) at an issue price of Rs. 52 per equity share for cash, aggregating Rs. 1.93 Crores (public issue) comprising of a fresh issue of 3,72,000 equity shares aggregating Rs. 1.93 Crores (fresh issue) out of which 20,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 52 per equity share for cash, aggregating Rs. 0.10 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion).The issue less market maker reservation portion i.e. Issue of 3,52,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 52 per equity share for cash, aggregating upto Rs. 1.83 Crores is herein after referred to as the net issue. The public issue and net issue will constitute 27.11% and 25.66% respectively of the post- issue paid-up equity share capital of the Company.Fixed Price issue at Rs.52 per equity share and is 5.2 times of the face value.Minimum Application size of 2000 equity shares and in multiples of 2000 equity shares thereafter.

    Objective of issue

    To Meet Working Capital Requirement. General Corporate Expenses.

    Evans Electric Ltd Contact Details

    Evans Electric Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@evanselectric.co.in

    Website - www.evanselectric.co.in