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Let’s have a detailed review of the company and analytics of the Evoq Remedies IPO release date, IPO offer price, subscription, Evoq Remedies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 27
Listing AtBSE, SME
Min. Order Quantity4000 Shares
Listing DateNA
Offer for SaleRs Lakhs
Fresh IssueRs 972 Lakhs
IPO SizeRs 972 Lakhs
Tick Size1

Evoq Remedies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Evoq Remedies IPO – Summary

Evoq Remedies IPOTheir Company was originally incorporated as Evoq Remedies Limited on 24 February 2010, under the provisions of the Companies Act, 1956.

Subsequently, the name of their company was changed to “Evoq Remedies Private Limited” on July 15th, 2019, with certificate of Incorporation pursuant to the change of name issued by Registrar of Companies Ahmedabad.

Consequent upon the conversion of their Company into a public limited company, the name of their Company was changed to “Evoq Remedies Limited,” and a fresh Certificate of Incorporation dated July 28th, 2021, was issued by Registrar of Companies, Ahmedabad. The Corporate Identification Number of their Company is U24230GJ2010PLC059692.

The Promoter of this company is MR. BHUMISHTH NARENDRABHAI PATEL AND MRS. PAYAL BHUMISHTH PATEL. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is Bigshare Services Private Limited.


Evoq Remedies IPO Date

The opening and the closing date of Evoq Remedies IPO are Mar 17, 2022, and Mar 22, 2022.


Evoq Remedies IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 17th March0.11x0.26x0.19x
2nd Day – 21st March0.27x1.12x0.70x
3rd Day – 22nd March0.30x3.03x1.67x
Shares Offered or Net Issue1,710,0001,710,0003,420,000

The shares subscribed by the public will be updated here.

Check Evoq Remedies IPO LIVE Subscription

  • Evoq Remedies IPO LIVE Bid details on BSE
  • Evoq Remedies IPO LIVE Bid details on SME

For the Latest Bid details, click on the above links.


Evoq Remedies IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Evoq Remedies Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationMar 25, 2022
Refunds InitiationMar 28, 2022
Credit of Shares to Demat AccountMar 29, 2022
Share Listing DateMar 30, 2022

Evoq Remedies IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.27


Evoq Remedies IPO Equity Size

This Initial Public Issue of 3,600,000 Equity Shares of Rs.10 each for cash at a price of Rs.27 per equity share aggregating to Rs.972 Lakhs.


Evoq Remedies IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,600,000 Equity Shares of Rs.10/ each.

Issue Size: 3,600,000 Equity Shares of Rs.10 each, aggregating to Rs.972 Lakhs.


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    Evoq Remedies IPO – Live Performance

    The listing date of this IPO is Mar 30, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Evoq Remedies Share Price

    Evoq Remedies IPO Grey Market Premium

    The Evoq Remedies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X, and the Subject to Sauda is X. 


    Evoq Remedies IPO – Company Overview

    Their Company was incorporated as “Salus Life Science and Research Private Limited” at Ahmedabad, Gujarat on February 24th, 2010, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra, and Nagar Havelli.

    Subsequently, the name of their company was changed to “Evoq Remedies Private Limited” on July 15th, 2019, with certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Ahmedabad. Consequent upon the conversion of their Company into public limited company, the name of their Company was changed to “Evoq Remedies Limited” and fresh Certificate of Incorporation dated July 28th, 2021 was issued by Registrar of Companies, Ahmedabad.


    Evoq Remedies IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    10 Feb 2231-Mar-21Mar-2031-Mar-19
    Total Assets2,660.58804.63 565.22 214.78
    Total Revenue1,056.581,002.48 907.21 325.00
    Total Expense931.41907.09 907.16 323.40
    Profit After Tax93.6771.38 0.03 1.11

    Earnings per Equity Share (in Lakhs)

    10 Feb 2231-Mar-21Mar-2031-Mar-19
    Basic & Diluted5.5210.05 0.00 0.16

     

    Further, their PAT for the period ended on Feb 10, 2022, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.93.67 Lakhs, Rs.71.38 Lakhs, Rs.0.03 Lakhs, and Rs.1.11 Lakhs  respectively.


    Evoq Remedies IPO – Promoters

    The Promoter of this company is:

    1. MR. BHUMISHTH NARENDRABHAI PATEL
    2. MRS. PAYAL BHUMISHTH PATEL

    List of Related Parties (Key Managerial Personnel)

    • Mr. Yogesh M. Rajput, Chief Financial Officer
    • Mr. Tej Bharatkumar Hanj, Company Secretary

    Evoq IPO – Promoters Holding

    • Pre Issue Share Holding – 99.99%
    • Pos Issue Share Holding – 73.53%

    Evoq Remedies IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 36,00,000 Equity Shares aggregating up to Rs.972 Lakhs
    of which:
    Issue Reserved for the Market MakersUp to 1,80,000 Equity Shares aggregating up to Rs.48.60 Lakhs
    Net Issue to the PublicUp to 34,20,000 Equity Shares aggregating up to Rs.923.40 Lakhs
    Of which:
    Retail Investors Portion Not less than 17,10,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 17,10,000 Equity Shares
     Equity Shares outstanding prior to the Issue1,00,00,000 Equity Shares
     Equity Shares outstanding after the Issue1,36,00,000 Equity Shares

    Evoq Remedies IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To Meet Incremental Working Capital Requirements
    2. General Corporate Purpose
    3. To meet Public Issue Expenses

    Evoq Remedies IPO – Business Strategy

    • Enhancing their customer base
    • Improving functional efficiencies
    • To increase brand visibility

    Evoq Remedies IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Experienced Management Team
    • Continue to develop client relationships and Trust

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-2110.0596.9410.37
    31-Mar-200.001.22
    Mar-190.1651.24

    Evoq Remedies IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Evoq Remedies Limited102.6910.0596.941,002.48
    Listed Peers
    NA

    Evoq Remedies IPO Lead Managers

    Lead Managers
    SWASTIKA INVESTMART LIMITED
    SEBI Registration Number: INM000012102
    Merchant Banking Division Address: Flat No18 Floor 2 North Wing
    Madhaveshwar Coop Hsg Society Ltd Madhav Nagar, 11/12 S V Road Andheri W
    Mumbai Mumbai City- 400058 (Maharashtra).
    Telephone Number: +91-22-26254568-69
    Email Id: merchantbanking@swastika.co.in
    Investors Grievance Id: investorgreivance@swastika.co.in
    Website: www.swastika.co.in
    Contact Person: Mr. Mohit R. Goyal
    CIN: L65910MH1992PLC067052

    Evoq Remedies IPO Registrar to offer

    Registrar to the Offer
    Bigshare Services Private Limited
    SEBI Registration Number: INR000001385
    Address: 1
    st Floor, Bharat Tin Works Building, Opp- Vasant Oasis, Makwana Road
    Marol, Andheri (E), Mumbai-400059, India.
    Tel. Number: +91 22 62638200
    Fax- +91 22 62638280
    Email Id: ipo@bigshareonline.com
    Investors Grievance Id: investor@bigshareonline.com
    Website: www.bigshareonline.com
    Contact Person: Mr. Swapnil Kate
    CIN: U99999MH1994PTC076534

    Evoq IPO – Other Details

    • Statutory Auditor – g J.M. Patel & Bros Chartered Accountants
    • Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
    • Bankers to the Company –  : The Mehsana Urban Co-Op. Bank Limited


    Evoq Remedies IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Evoq Remedies Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Evoq Remedies IPO Review FAQs

      Ques – What is the Issue Size of Evoq IPO?

      Answer – The Company is making an initial public offer of 3600000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      Ques – What is the Price band of Evoq Remedies IPO?

      Answer – The price band for this particular IPO ranges between Rs.27. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the Evoq Remedies IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 17, 2022, while the closing date is set at Mar 22, 2022.

      Ques – What is the Evoq IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Mar 25, 2022, refund initiation is on Mar 28, 2022, credit of shares is on Mar 29, 2022, and share listing date is on Mar 30, 2022.

      Ques – What is the Evoq Remedies IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges Mar 30, 2022. The date, when the listing would be done, is stagnant on Mar 30, 2022.

      Ques – Who is the Registrar of Evoq Remedies IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Evoq Remedies IPO?

      Answer – Here are the promoters of this IPO – MR. BHUMISHTH NARENDRABHAI PATEL AND MRS. PAYAL BHUMISHTH PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is GMP of Evoq IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Evoq Remedies IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Evoq Remedies Company?

      Answer They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 71.38, 2020 is 0.03, 2019 is 1.11.


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