Evinix Accessories IPO
Evinix Accessories IPO — date, price band, lot size & details 2007
Evinix Accessories listed on 7 Mar 2007 at ₹120, flat to the ₹120 issue price.
Evinix Accessories designs and makes fashion accessories and garments such as bags, caps, hats, belts and scarves, mainly for export, from the Noida SEZ. Its net profit after tax was Rs 590.61 lakhs in FY2006.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 12 Feb 2007
- Close 15 Feb 2007
- Allotment 27 Feb 2007
- Refund/credit TBA
- Listing 07 Mar 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 15 Feb, 2007 |
|---|---|
| Price Band | ₹100 – ₹120 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹42 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Beetal Financial & Computer Services Pvt.Ltd. |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹120 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,000 |
| Retail (max) | 33 | 1,650 | ₹1,98,000 |
| S-HNI (min) | 34 | 1,700 | ₹2,04,000 |
| S-HNI (max) | 166 | 8,300 | ₹9,96,000 |
| B-HNI (min) | 167 | 8,350 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Net profit after tax rose from Rs 373.76 lakhs in FY2005 to Rs 590.61 lakhs in FY2006.
- 02Net worth rose from Rs 251.63 lakhs in FY2005 to Rs 1895.96 lakhs in September 2006.
- 03It had 551 employees and a unit in the Noida SEZ.
- 04It planned garment capacity of 30,00,000 pieces a year.
Risks · 5
- 01It made losses of Rs 84.41 lakhs and Rs 245.77 lakhs in two earlier years, and net worth was negative at Rs 123.46 lakhs then.
- 02Its export business depends on overseas buyers and the rupee; it began only in 1996 as a small scale unit.
- 03Fashion accessories follow changing trends and seasons; it planned 15,00,000 more accessories a year.
- 04It had 1 main manufacturing unit, in the Noida SEZ.
- 05Promoter holding was low, falling from 44.44% before the issue to 29.91% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Evinix Accessories offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 32.09 | 48.56 | 30.70 | 4.93 |
| Profit After Tax | 3.14 | 5.73 | 3.74 | -2.46 |
| NET Worth | 18.96 | 16.21 | 2.52 | -1.23 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Evinix Accessories RHP.
Where the money goes
₹49.32 Cr of the issue is earmarked to named objects.
About the company
It designs and makes fashion accessories and garments for export and domestic markets, including bags, caps, hats, belts, scarves, stoles, wallets and baby products, and also trades fabric.
It began in 1996 as a small scale unit making headgear, baseball caps and high altitude jackets. Its unit is on 8000 sq mt of land leased in the Noida Special Economic Zone, and it had 551 employees.
The IPO was Rs 42 crore and was entirely a fresh issue at Rs 120, the top of the Rs 100 to Rs 120 band. The money was for more garment and accessory capacity.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
011-42959000/42959009
The bankers & the filings
Who is running the book, and the documents this page is built from.
Evinix Accessories IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Evinix Accessories?
The current Grey Market Premium is ₹0.
What is the Evinix Accessories IPO price band?
₹100 to ₹120, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 February 2007, with listing on 7 March 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Beetal Financial & Computer Services Pvt.Ltd..
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
