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EVANSSME / BSEListed
Evans Electric

Evans Electric Limited, incorporated in 1951 and based in Mumbai, specializes in redesigning, repairing, and rewinding transformers, generators, and electric motors, using in-house manufactured replacement components such as insulation parts, brush holders, coils, slip rings, insulators, retaining rings, and other specialized equipment. The company operates a 30,000 sq. ft. manufacturing and service facility in Palghar, Maharashtra, and also provides contract-based repair services for turbo rotors, AC/DC motors, turbo generator stators, transformers, hydro rotors, and high-voltage coils. Evans Electric serves a diverse clientele across sectors including railways, oil & gas, cement, chemicals, fertilizers, shipping, steel, renewable energy, and thermal & nuclear power, and has executed international orders for countries such as Sri Lanka, Malaysia, and Bangladesh.

₹52 - ₹52Open
Listed Price₹52.20
Listing Gain+0.38%

IPO Schedule & Timeline

Fixed Price IPO
Open30 Apr 2019
Close03 May 2019
Allotment09 May 2019
Listing13 May 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker20,000 shares
5.38%
HNI47.31 shares
47.31%
Retail1,76,000 shares
47.31%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,04,000
HNI2 Lots (2,000 shares)
₹2,08,000

Company Promoters

Mr. Ivor Anthony Desouza

Company Background

Evans Electric Limited, incorporated in 1951 and based in Mumbai, specializes in redesigning, repairing, and rewinding transformers, generators, and electric motors, using in-house manufactured replacement components such as insulation parts, brush holders, coils, slip rings, insulators, retaining rings, and other specialized equipment. The company operates ...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Oct-18)₹376.9 Cr
Growth-25.0%
Revenue Trend (₹ in Crores)
0.0406.5813.01.2kMar-16Mar-17Mar-18Oct-18
PeriodRev (Cr)PAT (Cr)AssetsDebt
Oct-18376.9058.06873.270
Mar-18561.1646.30839.650
Mar-171,060.49236.69948.540
Mar-16502.6941.48560.490

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
09 May 2019
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
13 May 2019

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Evans Electric. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization09 May 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date13 May 2019Trading commences on exchange

How to Check Evans Electric Allotment Online

1Open Portal

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2Select Company

Select Evans Electric from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Evans Electric IPO

Complete issue overview for Evans Electric (EVANS) IPO. The issue features an equity share price band of ₹52 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,04,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions