Evoq Remedies is a well-known trader of pharmaceutical raw materials, excipients, and bulk drugs at a reasonable price, serving consumers in Ahmedabad. Evoq Remedies is planning its IPO in mid of March 2022. Evoq Remedies’s IPO will be worth Rs. 9.72 crore, according to the DRHP filed with SEBI. Check below mentioned all details for Evoq Remedies IPO.
Achyut Healthcare IPO Details: Date, Price Band, Lot Size, Issue Size
|Opening Date||Mar 17, 2022|
|Close Date||Mar 22, 2022|
|Price Band||Rs. 27 per equity share|
|Lot Size||4000 Shares|
|Issue Size (Rs. Cr.)||3,600,000 Eq Shares of Rs. 10 (aggregating up to Rs. 9.72 Cr)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Fixed Price Issue IPO|
|Exchange Board||BSE, SME|
|Fresh Issue||3,600,000 Eq Shares of Rs. 10 (aggregating up to Rs. 9.72 Cr)|
|Retail Shares Offered||50%|
|NII (HNI) Shares Offered||50%|
About Evoq Remedies IPO
On February 24th, 2010, the company was incorporated as “Salus Life Science and Research Private Limited” in Ahmedabad, Gujarat. On July 15th, 2019, the name of the company was changed to “Evoq Remedies Private Limited.” Despite the fact that the company was founded in 2010, it did not begin operations until 2018.
The company is a well-known trader of pharmaceutical raw materials, excipients, and bulk drugs at a reasonable price, serving consumers in Ahmedabad. They obtain pharmaceutical Raw Materials, products, and chemicals from suppliers in India that have WHO-GMP accredited manufacturing facilities and emphasis on first-class distribution competence. EVOQ Remedies Limited is a Gujarat-based company that specialises in pharmaceutical raw materials, excipients, bulk drugs, and other related items.
EVOQ has a dedicated team of industry professionals with in-depth knowledge of the industry and skill in providing the finest solutions to meet their specific requirements. They source all of their items from reputable and certified manufacturers and importers who adhere to strict national and international quality and safety requirements.
Ahmedabad is home to EVOQ’s registered office, corporate headquarters, and storage facilities. In the healthcare sector, EVOQ is a trading company that sells a diverse range of products.
Excipients, Nutraceuticals, Pellets, Solvents, Sweetners, Vitamins, Amino Acids, Bulk Drugs, Dairy Products, and Active Pharmaceuticals Ingredients are the main segments of pharmaceutical raw materials that EVOQ trades in.
Promoters of Evoq Remedies IPO
Promoters of Evoq Remedies IPO are Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel. Mr. Bhumishth Narendrabhai Patel, the Company’s founder, is 38 years old. He has been named Chairman and Managing Director of the company.