Evoq Remedies Limited IPO Detail
Incorporated in 2010, EVOQ Remedies Limited specializes in offering quality Pharmaceuticals Raw Material products, Excipients, and Bulk Drugs at an affordable prices. The company procures all the products from WHO-GMP certified & reliable Manufacturers & Importers, who follow procedures as per the stringent national and international quality and safety standards.
Competitive strengths:
- Experienced Management Team.
- Continue to develop client relationships and Trust.
- Supplying the best quality products at the most reasonable prices.
Company Promoters
Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel are the company promoters.IPO Details
| IPO Opening Date | Mar 17, 2022 |
| IPO Closing Date | Mar 22, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹9.72 Cr |
| Fresh Issue | ₹9.72 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.11x | 0.26x | 0.19x | |
| Day 2 | - | - | 0.27x | 1.12x | 0.70x | |
| Day 3 | - | - | 0.30x | 3.03x | 1.67x |
IPO Tentative Timetable
The Evoq Remedies Limited IPO open date is Mar 17, 2022, and the close date is Mar 22, 2022. The issue may list on Mar 30, 2022.
| IPO Open Date | Mar 17, 2022 |
| IPO Close Date | Mar 22, 2022 |
| Basis of Allotment Date | Mar 25, 2022 |
| Initiation of Refunds | Mar 28, 2022 |
| Credit of Shares to Demat Account | Mar 29, 2022 |
| IPO Listing Date | Mar 30, 2022 |
IPO Lot Size
The Evoq Remedies Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108000 |
| Maximum | 1 | 4000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.53% |
Company Financials:
For the year/period ended (₹ in Lakh)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 10-Feb-22 | 2660.58 | 1056.58 | 93.67 |
| 31-Mar-21 | 804.63 | 1002.48 | 71.38 |
| 31-Mar-20 | 565.22 | 907.21 | 0.03 |
| 31-Mar-19 | 214.78 | 325 | 1.11 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Evoq Remedies Limited IPO Registrar:
Bigshare Services Pvt Ltd
Evoq Remedies Limited IPO Lead Manager(s):
Swastika Investmart Ltd
Company Contact Information:
Evoq Remedies Limited
Evoq Remedies Limited A-1106, Empire Business Hub Near AUDA Water Tank,
Science City Road, Sola, Ahmedabad-380060
Gujarat
