IPO Issue Details
Issue Price / Price Band₹27 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size36,00,000 shares (aggregating up to ₹9.72 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 17 Mar 2022
Subscription CloseTue, 22 Mar 2022
Anchor AllotmentWed, 16 Mar 2022
Basis of AllotmentFri, 25 Mar 2022
Initiation of RefundsMon, 28 Mar 2022
Credit of Shares to DematTue, 29 Mar 2022
Listing DateWed, 30 Mar 2022
UPI Mandate Deadline2022-03-22
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 4,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 8,000 shares
P/E Ratio (Pre-IPO)33.75x
Net Offer to Public34,20,000 shares (aggregating up to ₹9.23 Cr)
Reserved for Market Maker1,80,000 shares (aggregating up to ₹0.4860 Cr)
Pre-IPO Promoter Holding1,00,00,000 shares
Post-IPO Promoter Holding1,36,00,000 shares
About Evoq Remedies Ltd.
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.
Objects of the Issue
Evoq Remedies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Incremental Working Capital Requirements
6.44
2
2 General Corporate Purpose
2.33
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,00,00,000 shares
Post-IPO Promoter Holding
1,36,00,000 shares