
Industrials / Energy · BSE
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.
Price Band
₹52
Issue Size
₹2.00 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹52
at current GMP
Subscribed
—
Open
30 Apr 2019
Close
3 May 2019
Allotment
9 May 2019
Refund
10 May 2019
Demat Credit
11 May 2019
Listing
13 May 2019
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 192,308 | — | 0.00x |
| Non-Institutional (NII / HNI) | 57,692 | — | 0.00x |
| Retail Individual (RII) | 134,615 | — | 0.00x |
| Total | 384,615 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 67 | 67 | 1.00x |
| HNIs (10L +) | 1 | 1 | 1.00x |
| HNIs (2-10L) | 2 | 2 | 1.00x |
| Total Applications | 70 | 70 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Evans Electric Limited is bringing an initial public offering (IPO) in the Industrials / Energy sector with an aggregate issue size of ₹2 Crores. The shares are offered at a price band of ₹52 to ₹52 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-05-03, the basis of allotment is scheduled to be finalized on 2019-05-09. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Currently, Evans Electric Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹52 to ₹52 per equity share.
The retail lot size is 2000 shares requiring a minimum application amount of ₹1,04,000. Expected listing price is ₹52 per equity share.
The Evans Electric Limited IPO aggregate issue size is ₹2 Crores with an equity price band set at ₹52 to ₹52 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,04,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2019-05-09. Investors can verify status using PAN card or application number.
Evans Electric Limited shares are scheduled to list on BSE on 2019-05-13.