Evans Electric Limited
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The public market debut of Evans Electric Limited's was completed on May 13, 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 Apr 30, 2019 to May 03, 2019 influenced the final allotment ratios across investor categories.
Final allotment was announced on May 09, 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 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."
- 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.
NA
- Mr. Ivor Anthony Desouza
Evans Electric Limited
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