About the Company:
Evans Electric Ltd 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.
Company does assessment of the repairs or rewinding required for any AC & DC Machines, design, develop and manufacture components in-house for carrrying out said re- winding and repairing work of aforementioned items.
Some of the replacement components manufactured by the company includes Coils, Insulators, Slip Rings, Retaining Rings, Carbon Brushes, Brush Holders, Complete winding kits, Insulation Components, Wedges, Packers and stampings, as well as allied specialized tools and equipment.
Company has a factory unit ad-measuring 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.
Company also provides on-site services for large Electric Motors, Generators and Transformers that are too large and cannot be transported to the Factory.
Company’s History:
Evans Electric Ltd had 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 company started with manufacturing of allied products such as commutators for DC machines, specialized contacts for Switchgear and strip Heaters.
Over the period of time company’s capabilities grew and have been successful in executing orders received from foreign countries such as Bangladesh, Malaysia & Sri Lanka which includes contract based services.
Contract based services Provided by the Company:
Evans Electric provides contract based services for repairing of various electric products which includes low Voltage and High Voltage AC and DC Electric Motors, Generators and Transformers, Turbo Generator Stators, Turbo Rotors (including high speed balancing), also included are Dynamic balancing, Vacuum Impregnation, High Voltage Coil Manufacturing, Vibration Reduction, Diagnostic Testing, Machining, Fabrication and allied services.
Sectors Catered by the Company:
Company’s clientele covers a wide range of industries from Thermal, Hydro, Nuclear, Gas & Diesel Power Generation to Chemicals & Fertilizers, Cement, Oil & Gas Refineries, Steel Plants, Shipping, Off shore Oil & Gas Exploration, Railways & and Renewable Energy.
Major portion of the Revenue is derived from the re-winding and repairing work done for the Power Generation sector. Company also does repairing and re-winding of large High Voltage Motor which has been the core business for many years,
Management Team:
- Mr. Ivor Anthony Desouza (Designation: Chairman and Non- Executive Director)
- Mr. Nelson Lionel Fernandes (Designation: Managing Director)
Objectives of the Issue:
- To Meet Working Capital Requirements.
- General Corporate purpose.
- To Meet the Issue Expenses.
Peer Group Comparison:
We believe that there are no listed companies which are operating in all the business segments as Evans Electric Ltd. Hence we cannot make any Comparison.
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | FY 18 | 30th Sept 18 |
|---|---|---|---|---|
| Revenue | 5.11 | 10.71 | 5.86 | 3.80 |
| Net Profit | 0.41 | 2.36 | 0.46 | 0.69 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th April 2019 |
| Issue Closes on:. | 3rd May 2019 |
| Issue Price | Rs.52 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 27.11% |
| Issue Size | Rs.1.93 cr |
| Market Cap | Rs.7.13 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 3,72,000 |
| Equity Shares Prior to the Issue | 10,00,000 |
| Equity Shares after the Issue | 13,72,000 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 8th May 2019 |
| Initiation of Refunds | on or Before 9th May 2019 |
| Credit of Equity Shares: | on or Before 10th May 2019 |
| Listing Date: | on or Before 13th May 2019 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) |
|---|---|---|
| 4.6 | 11.23 | 6.55% |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Evans Electric Ltd 430, Orchard Mall, 3rd Floor, Royal Palms Estate Aarey Milk Colony, Goregaon East Mumbai, 400065, Maharashtra, India Tel No: – 91 22 28729506 E-mail: info@evanselectric.com Website: www.evanselectric.co.in |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Email:ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Email: ib@hemsecurities.com Website: www.hemsecurities.com |
