Evoq Remedies Ltd - IPO

Evoq Remedies Ltd IPO Details

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.

Objective of issue

To meet Incermental Working Capital Requirements. General Corporate Purposes.

Evoq Remedies Ltd Contact Details

Evoq Remedies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@evoqremedies.com

Website - www.evoqremedies.com