Aditya Birla
Aditya Birla Money Limited
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IPO Synopsis
Evans Electric Ltd
Registered Office : 430 Orchard Mall 3rd Floor , Royal Palms Estate AMC , Mumbai - 400065 , Maharashtra , India.
Phone : 91-22-28729506/07    Fax: 91-22-28729509
Email :    Website:
Initial public offer of 3,72,000 equity shares of face value of Rs. 10 each (the "equity shares") of Evans Electric Limited ("the company" or "eel" or "the issuer") at an issue price of Rs. 52 per equity share for cash, aggregating Rs. 1.93 Crores ("public issue") comprising of a fresh issue of 3,72,000 equity shares aggregating Rs. 1.93 Crores ("fresh issue") out of which 20,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 52 per equity share for cash, aggregating Rs. 0.10 Crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion").The issue less market maker reservation portion i.e. Issue of 3,52,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 52 per equity share for cash, aggregating upto Rs. 1.83 Crores is herein after referred to as the "net issue". The public issue and net issue will constitute 27.11% and 25.66% respectively of the post- issue paid-up equity share capital of the Company. Fixed Price issue at Rs.52 per equity share and is 5.2 times of the face value. Minimum Application size of 2000 equity shares and in multiples of 2000 equity shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
30-Apr-19 03-May-19 Rs 52.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000

  Rs Cr Lead Managers to the Issue
Project Cost 1.93 Hem Securities Ltd
Project Financed through Current Offer 1.93  
Post Issue Equity Share Capital 1.37  
Issue Price Rs. 52.00  
To Meet Working Capital Requirement
General Corporate Expenses
Promoted By
Ivor Anthony Desouza
Listing At
Registrar to the Issue
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Securities Broking is through Aditya Birla Money Limited: SEBI Registration No. NSE/BSE/MCX/NCDEX:INZ000172636 ; NSDL /CDSL: IN-DP-17-2015. PMS - INP 000003757, Research Analyst –INH000002145, Investment Adviser - INA000009214. Central Insurance Repository Limited: IRDA/IR2/2014/312. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Please read the risk disclosure document, rights and obligations, guidance note, Do’s and Don’ts and policies and procedure carefully before making any investment decision. Brokerage will not exceed the SEBI prescribed limit. Margins as prescribed by Exchange / SEBI will be applicable.
Corporate Office: Sai Sagar, 2nd & 3rd Floor, Plot No.M-7, Thiru-Vi-Ka (SIDCO) Industrial Estate, Guindy, Chennai 600032. Regd. office: Indian Rayon Compound, Veraval, Gujarat - 362 266 | E-mail: | CIN L65993GJ1995PLC064810 | Tel: +91-44-49490000 / 4949 0200 | Website: