April 30, 2019 - May 3, 2019

Evans Electric IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Evans Electric IPO.

Evans Electric IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Evans Electric IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Evans Electric IPO Review by Dilip Davda (May apply)

[Dilip Davda]

Company's financial performance shows inconsistency. Based on this performance, the issue is priced lucratively. However, considering the issue size and the post-issue equity, it will be a long wait for the migration to the main board. Cash surplus, risk savvy investors may consider investment for long term at their own risk.

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