Evans Electric Limited works in the area of re-designing, repairing, and re-winding of transformers, generators, and electric motors with in-house manufactured replacement components. Some of the products manufactured by the company for replacement purposes are insulation components, brush holders, coils, slip rings, insulators, retaining rings, allied specialized equipment & tools, wedges, stampings and packers.
| Bidding Dates |
|---|
| 30 Apr 2019 - 03 May 2019 |
| Subscription |
|---|
| 1.59x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 2000 | 372.0 K | ₹52 | 72.89 % | ₹19.3 M | RHP DOC |
Evans Electric IPO SUBSCRIPTION STATUS
03 May '19Evans Electric IPO overall subscription rate was 1.59 times the total available shares
Evans Electric IPO retail subscription rate was 0.56 times in the retail segment
Evans Electric IPO non-institutional investor subscription rate was 2.63 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 May 2019 (Day 4) | 0.56x | 2.63x | - |
30 Apr 2019 (Day 1) | 0.03x | 0x | - |
01 May 2019 (Day 2) | 0.03x | 0x | - |
02 May 2019 (Day 3) | 0.15x | 0.27x | - |
Evans Electric 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) |
| 7MFY19 | 5.8 | 37.7 | 3.6 | 3.0 |
| FY18 | 4.6 | 56.1 | 10.3 | 9.1 |
| FY17 | 23.7 | 106.0 | 26.4 | 20.4 |
| FY16 | 4.1 | 50.3 | -3.5 | -3.8 |
Evans Electric IPO SUBSCRIPTION STATUS DETAILS
Evans Electric had 372.0 K shares on offer
Evans Electric IPO offer price was ₹52
Evans Electric IPO minimum Investment was ₹104000
Evans Electric IPO issue size was ₹ 19.3 M
Evans Electric had a minimum lot size of 2000 Shares per application
Evans Electric NUMBER OF SHARES ON OFFER
Evans Electric IPO IMPORTANT DATES
| Issue Open Date | 30 Apr 2019 |
| Issue close Date | 03 May 2019 |
| Allotment Date | 08 May 2019 |
| Refund Date | 09 May 2019 |
| Demat Account Credit Date | 10 May 2019 |
| Listing Date | 13 May 2019 |
| Listing on Exchange(s) | BSE |
| Evans Electric Allotment Status | Exchange |
Evans Electric IPO subscription opened on 30 Apr 2019, and closed on 03 May 2019
IPO allotment for Evans Electric was finalized on Wednesday, 08 May 2019
IPO listing for Evans Electric was on BSE on Monday, 13 May 2019
Evans Electric IPO LISTING GAINS
| Issue Price (adjusted) | 13.0 |
| Listing Open Price | 52.2 |
| Listing Close Price | 54.8 |
| Listing Gain% | 0.4% |
| Current Gain% | 449.1% |
Evans Electric 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Evans Electric Ltd. | 71.4 | 9.8 | -91 | 0.9 | 0.8 | -1.7 | -1.5 | 12.5 | -52.8 | -0.4 | -105.7 | -0.8 | -101.4 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Evans Electric INFORMATION ON IPO ISSUE
About Evans Electric
Evans Electric Limited works in the area of re-designing, repairing, and re-winding of transformers, generators, and electric motors with in-house manufactured replacement components. Some of the products manufactured by the company for replacement purposes are insulation components, brush holders, coils, slip rings, insulators, retaining rings, allied specialized equipment & tools, wedges, stampings and packers.
Object of the Issue
- To Meet Working Capital Requirements
- General Corporate purpose and
- To Meet the Issue Expenses
Evans Electric - PROMOTERS
| Name |
|---|
| Ivor Anthony Desouza |
Evans Electric Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Evans Electric Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Evans Electric Strengths
Versatility in repairing and re-winding on the most complex machines irrespective of Capacity, Size, Design or Country of manufacture.
The company has developed its infrastructure, plant and machinery which are capable of handling complex machines irrespective of their size, capacity and design
Customer centric approach and focus on customer satisfaction
Customer satisfaction is very important for the success and growth of any organisation. Providing good quality work at affordable pricing is very important for the customer satisfaction and customer retention.
Evans Electric Risks
Business is largely dependent upon the demand
Business is largely dependent upon the demand for the repairing, re-winding and re-designing of transformers, generators and electric motors in the power generation, transmission and Distribution industry.
Outstanding legal proceedings
There are certain outstanding legal proceedings involving the Company, Directors and Promoters
IPO FAQs
Evans Electric Ltd. IPO listing opened at Rs 52.20 while the issue price was Rs 52.00 giving 0.38% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 13.00 giving 449.15% gains since its IPO listing.
The promoter of the company is Ivor Anthony Desouza.
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 52.0 - 52.0.
The IPO application opens on Apr 30, 2019 and closes on May 03, 2019.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 104,000.0.
This IPO will be allotted on May 08, 2019.
The refund will be credited to your account on May 09, 2019.
The allotted shares will be credited to your demat on May 10, 2019.
Evans Electric Ltd.’s shares listed on the stock exchanges on May 13, 2019.