IPO Synopsis

Evoq Remedies Ltd
Registered Office: F-12-A 1st Floor V R Complex,Nr.Sanathal Cross Road Santhal,Ahmedabad-382210, Gujarat
Tel. No: 91-79-4840 2525
Fax No:
Email: info@evoqremedies.com
Website: www.evoqremedies.com
Public issue of 3600000 equity shares of face value of Rs. 10 each of Evoq Remedies Limited ("EVOQ" or the "Company" or the "Issuer") for cash at a price of Rs. 27 per equity share including a share premium of Rs. 17 per equity share (the "Issue Price") aggregating to Rs. 9.72 croress ("The Issue"), of which 180000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 27 per equity share including a share premium of Rs. 17 per equity share aggregating to Rs. 0.49 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 3420000 equity shares of face value of Rs. 10 each at a price of Rs. 27 per equity share including a share premium of Rs. 17 per equity share aggregating to Rs. 9.23 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.47% and 25.15% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs. 27. The issue price is 2.7 times of the face value. Bid can be made for minimum of 4000 equity shares and in multiples of 4000 equity shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
17-Mar-2022 22-Mar-2022 ₹27.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 4000 Further Multiples of :4000
(₹ Cr) Lead Managers to the Issue
Project Cost 8.77 Swastika Investmart Ltd
Project Financed through Current Offer 9.72
Post Issue Equity Share Capital 13.60
Issue Price 27.00
Projects
To meet Incermental Working Capital Requirements
General Corporate Purposes
Promoted By
Bhumishth Narendrabhai Patel
Payal Bhumishth Patel
Listing At
BSE - SME
Registrar To The Issue