Evoq Remedies IPO Price, GMP, Review, Lot Size, Dates

Evoq Remedies IPO

Evoq Remedies IPO Details:

When is Evoq Remedies IPO Launching?

Evoq Remedies IPO will be open on 17 March 2022 and close on 22 March 2022. 

Evoq Remedies IPO Lot Size

The Evoq Remedies IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lot (4000 shares or ₹108,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹108,000
Maximum 1 4000 ₹108,000


Evoq Remedies IPO Share Price

Evoq Remedies IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹9.72 Crores. The issue is priced at ₹27 per equity share. The minimum order quantity is 4000 Shares.

Evoq Remedies IPO Promoter Holding

Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel are the company promoters.

Pre Issue Share Holding 99.99%
Post Issue Share Holding 73.53%


Evoq Remedies IPO Board of Directors

The company’s board of directors includes Tej Bharatkumar Hanj, Tarunkumar Gunvantlal Patel, Digesh Deshaval, Pranav Manoj Vajani, Payal Bhumishth Patel, Bhumishth Narendrabhai Patel, Bhumishth Narendrabhai Patel.

Evoq Remedies IPO Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  10-Feb-22 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2660.58 804.63 565.22 214.78
Total Revenue 1056.58 1002.48 907.21 325
Profit After Tax 93.67 71.38 0.03 1.11


About Evoq Remedies IPO

Established in 2010, EVOQ Remedies Limited works in offering quality Pharmaceuticals Raw Material products, Excipients, and Bulk Drugs at reasonable costs. The company gets every one of the products from WHO-GMP certified and reliable Manufacturers and Importers, who follow procedures according to the tough national and international quality and safety standards.

Company Contact Information

Evoq Remedies Limited
A-1106, Empire Business Hub
Near AUDA Water Tank,
Science City Road, Sola, Ahmedabad-380060
Phone: 7948402525
Email: info@evoqremedies.com

Evoq Remedies IPO GMP Today

Not available

How to apply for Evoq Remedies IPO

Apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

Final Review

The company has posted a dull performance up until this point. The abrupt lift in bottom lines since FY21 onwards seems window dressing to prepare for extravagant pricing of this IPO. The manageability of such performance going ahead is a central issue. In light of its financial parameters, the issue is forcefully priced. It is operating on third party deals just and has no assets. Taking into account every one of these, there is no mischief in overlooking this highly-priced IPO.

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