Evans Electric Limited IPO
Evans Electric Limited IPO
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The public market debut of Evans Electric Limited's was completed on 13-05-2019 with its listing on the BSE exchange. The IPO process raised 3,72,000 Shares in total capital, consisting of TBD in new equity.
The offering featured a price range of ₹52 to ₹52 and minimum application size of 2000 shares. Investor response during the subscription period from 30-04-2019 to 03-05-2019 influenced the final allotment ratios across investor categories.
Final allotment was announced on 09-05-2019, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Evans Electric IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Evans Electric IPO Strength Factors
- Complex Machine Handling: Capable of managing machines of varied design, size, and capacity.
- Skilled Workforce: Employs experienced and competent staff.
- Strategic Factory Location: Large facility situated in a prime area.
- Quality & Affordability: Delivers high-quality work at competitive prices.
Evans Electric IPO Risk Factors
NA
Evans Electric IPO Lead Manager(s)
- Hem Securities Limited
Evans Electric IPO Promoter(s)
- Mr. Ivor Anthony Desouza
Evans Electric IPO FAQs
Evans Electric Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 26, 2025 10:34:52 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Evans Electric IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Evans Electric IPO FAQs
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