Mumbai, May 13, (UNI) Evans Electric Limited became 298th company to get listed on the BSE SME Platform on Monday.
Evans Electric Limited came out with an initial public offering of 3,72,000 Equity Shares of Rs 10 Each For Cash At a Price of Rs 52 Per Equity Share , Aggregating to Rs. 193.44 lacs.
The company has successfully completed its public issue on May 03, 2019.
Evans Electric Limited is a Maharashtra based company whose registered office is at Mumbai. The Company is engaged in the business of repairing, re-winding and re-designing including inhouse manufacturing of replacement components of small, medium and large electric motors, generators and transformers, which are used in Thermal, Hydro, Diesel, Gas & Nuclear Electric Power Generation,Petroleum Refineries, Chemicals & Fertilizers, Cement Plants, Steel Plants, Tyre Manufacturing, Sugar Mills, Oil & Gas Exploration,Shipping, Mining and Railway Traction.
Mumbai based HEM Securities Limited was the lead managers for Evans Electric Limited.
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