Evans Electric Limited IPO
(i) Incorporated in 1951, the Company is engaged in the business of repairing, re-winding and re-designing including in-house manufacturing of replacement components of small, medium and large electric motors, generators and transformers, which are used in Thermal, Hydro, Diesel, Gas & Nuclear Electric Power Generation, Petroleum Refineries, Chemicals & Fertilizers, Cement Plants, Steel Plants, Tyre Manufacturing, Sugar Mills, Oil & Gas Exploration, Shipping, Mining and Railway Traction.
(ii) They have a factory unit admeasuring to 30,000 sq. ft. located in Palghar, Maharashtra which is used for providing re-winding and repairing services as well as for manufacturing replacement components. They also provide on-site services for large Electric Motors, Generators and Transformers that are too large and cannot be transported to the Factory.
(iii) They started the business with repairing and rewinding of low voltage AC and DC electric motors and generators and then later in 1958, diversified into repairing and rewinding of high voltage power & distribution transformers and then in 1960 we started with manufacturing of allied products such as commutators for DC machines, specialized contacts for Switchgear and strip Heaters.
With time as capabilities grew they have started executing orders received from foreign countries such as Bangladesh, Malaysia & Sri Lanka which includes contract based services.
They also provide contract based services for repairing of various electric products which include low Voltage and High Voltage AC and DC Electric Motors, Generators and Transformers, Turbo Generator Stators, Turbo Rotors (including high-speed balancing), Hydro Generator Stators, Hydro Rotors, and Field poles, also included are Dynamic balancing, Vacuum Impregnation, High Voltage Coil Manufacturing, RLA studies, Vibration Reduction, Diagnostic Testing, Machining, Fabrication and allied services
Objects of the Evans Electric Limited IPO:
Evans Electric Limited IPO Details:
|Open Date:||Apr 30 2019|
|Close Date:||May 03 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed price|
|Issue Size:||1.83 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 52 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||May 13 2019|
Financials of Evans Electric Limited IPO:
Comparison With Peers:
Recommendation on Evans Electric Limited IPO:
Lead Manager of Evans Electric Limited IPO:
Registrar of Evans Electric Limited IPO:
Bid Details of Evans Electric Limited IPO as on
03 May 2019 | 11:35:00 PM
|Category||No.of shares offered||No. of shares bid|