Evoq Remedies Company was formed in the year 2010, Company started its operations in the year 2018 onwards. The Company is one of the recognized trading house of Pharmaceuticals RawMaterials, Excipients, Bulk Drugs at affordable price catering to the customers located in Ahmedabad. Which procure the pharmaceuticals Raw Materials products and chemicals from the suppliers which are having WHO-GMP approved production facilities in India and by focusing on our first-class distribution expertise.
| Bidding Dates |
|---|
| 17 Mar 2022 - 22 Mar 2022 |
| Subscription |
|---|
| 1.67x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 4000 | 3.6 M | ₹27 | 73.53 % | ₹97.2 M | RHP DOC |
Evoq Remedies IPO SUBSCRIPTION STATUS
22 Mar '22Evoq Remedies IPO overall subscription rate was 1.67 times the total available shares
Evoq Remedies IPO retail subscription rate was 3.03 times in the retail segment
Evoq Remedies IPO non-institutional investor subscription rate was 0.3 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Mar 2022 (Day 2) | 1.12x | 0.27x | - |
22 Mar 2022 (Day 3) | 3.03x | 0.3x | - |
17 Mar 2022 (Day 1) | 0.26x | 0.11x | - |
Evoq Remedies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 11MFY22 | 9.4 | 105.7 | -153.9 | -153.9 |
| FY21 | 7.1 | 100.2 | 0.3 | 0.3 |
| FY20 | 0.0 | 90.7 | -0.2 | -0.2 |
| FY19 | 0.1 | 32.5 | 0.1 | 0.1 |
Evoq Remedies IPO SUBSCRIPTION STATUS DETAILS
Evoq Remedies had 3.6 M shares on offer
Evoq Remedies IPO offer price was ₹27
Evoq Remedies IPO minimum Investment was ₹108000
Evoq Remedies IPO issue size was ₹ 97.2 M
Evoq Remedies had a minimum lot size of 4000 Shares per application
Evoq Remedies NUMBER OF SHARES ON OFFER
Evoq Remedies IPO IMPORTANT DATES
| Issue Open Date | 17 Mar 2022 |
| Issue close Date | 22 Mar 2022 |
| Allotment Date | 25 Mar 2022 |
| Refund Date | 28 Mar 2022 |
| Demat Account Credit Date | 29 Mar 2022 |
| Listing Date | 30 Mar 2022 |
| Listing on Exchange(s) | BSE |
| Evoq Remedies Allotment Status | Exchange |
Evoq Remedies IPO subscription opened on 17 Mar 2022, and closed on 22 Mar 2022
IPO allotment for Evoq Remedies was finalized on Friday, 25 Mar 2022
IPO listing for Evoq Remedies was on BSE on Wednesday, 30 Mar 2022
Evoq Remedies IPO LISTING GAINS
| Issue Price (adjusted) | 27.0 |
| Listing Open Price | 25.0 |
| Listing Close Price | 23.8 |
| Listing Gain% | -7.4% |
| Current Gain% | -92.9% |
Evoq Remedies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Evoq Remedies Ltd. | 1.9 | 2.6 | -19.9 | 0.1 | 0.1 | -0.5 | -0.5 | 26.8 | 88.8 | -0.2 | -372 | -0.1 | -248.6 |
| Poly Medicure Ltd. | 1693.8 | 17168.3 | 54.5 | -4.6 | 8.6 | 10.4 | 8.2 | 1995.3 | 13.4 | 322.1 | -4.8 | 31.1 | -11.9 |
| Medplus Health Services Ltd. | 700.2 | 8412.6 | 40 | 2.2 | 1.2 | 11.1 | 5.6 | 6963.8 | 12.6 | 219.6 | 46.1 | 17.5 | 18 |
| Q-Line Biotech Ltd. | 538.7 | 1256.7 | 22.6 | 22.6 | 10 | 347.4 | 7.7 | 55.7 | 98.1 | 23.9 | |||
| Laxmi Dental Ltd. | 216.1 | 1187.6 | 41 | -4.7 | 4.3 | 11.9 | 9.8 | 286.4 | 18.1 | 29 | -8.8 | 5.3 | -8.8 |
| Vasa Denticity Ltd. | 408.6 | 679.1 | 68.5 | -2.2 | 2.3 | 5.7 | 5 | 283.4 | 12.8 | 9.9 | -41.6 | 6 | -31.3 |
Evoq Remedies INFORMATION ON IPO ISSUE
About Evoq Remedies
Evoq Remedies Company was formed in the year 2010, Company started its operations in the year 2018 onwards. The Company is one of the recognized trading house of Pharmaceuticals RawMaterials, Excipients, Bulk Drugs at affordable price catering to the customers located in Ahmedabad. Which procure the pharmaceuticals Raw Materials products and chemicals from the suppliers which are having WHO-GMP approved production facilities in India and by focusing on our first-class distribution expertise.
Object of the Issue
- To meet incremental working capital requirements
- General corporate purpose
- To meet public issue expenses
Evoq Remedies - PROMOTERS
| Name |
|---|
| Bhumishth Narendrabhai Patel |
| Payal Bhumishth Patel |
Evoq Remedies Lead Manager
Swastika Investmart Limited
merchantbanking@swastika.co.in
Evoq Remedies Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Evoq Remedies Strengths
Experienced team
The company has an experienced management team
Continue to develop client relationships and trust
The company seeks to build on existing relationships and also focus on building new relationships
Evoq Remedies Risks
Defaulters
Promoters, promoter group members and group companies have defaulted in repayment of dues
Dependent on one state
The company generates entire sales from operations in Gujarat especially in Ahmedabad region
IPO FAQs
Evoq Remedies Ltd. IPO listing opened at Rs 25.00 while the issue price was Rs 27.00 giving -7.41% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 27.00 giving -92.89% gains since its IPO listing.
The promoters of the company are Bhumishth Narendrabhai Patel and Payal Bhumishth Patel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 27.0 - 27.0.
The IPO application opens on Mar 17, 2022 and closes on Mar 22, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Mar 25, 2022.
The refund will be credited to your account on Mar 28, 2022.
The allotted shares will be credited to your demat on Mar 29, 2022.
Evoq Remedies Ltd.’s shares listed on the stock exchanges on Mar 30, 2022.