Envirotech Systems IPO vs Gajanand International IPO

Comparision between Envirotech Systems IPO and Gajanand International IPO.

IPO Details

Envirotech Systems IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Gajanand International IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Envirotech Systems IPO	Gajanand International IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Fast Track Finsec Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Share India Securities Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Envirotech Systems IPO is up to ₹30.24 Cr whereas the issue size of the Gajanand International IPO is up to ₹20.65 Cr. The final issue price of Envirotech Systems IPO is ₹56.00 per share and of Gajanand International IPO is ₹36.00 per share.

	Envirotech Systems IPO	Gajanand International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹53.00 per share
Issue Price (Upper)	₹56.00 per share
Issue Price (Final)	₹56.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	54,00,000 shares	57,36,000 shares
Fresh Issue Size (Amount)	up to ₹30.24 Cr	up to ₹20.65 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	57,36,000 shares
Issue Size Total (Amount)	up to ₹30.24 Cr	up to ₹20.65 Cr

IPO Timetable

Envirotech Systems IPO opens on Sep 13, 2024, while Gajanand International IPO opens on Sep 09, 2024. The closing date of Envirotech Systems IPO and Gajanand International IPO is Sep 19, 2024, and Sep 11, 2024, respectively.

	Envirotech Systems IPO	Gajanand International IPO
Anchor Bid Date	Sep 12, 2024
Issue Open	Sep 13, 2024	Sep 09, 2024
Issue Close	Sep 19, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 20, 2024
Anchor Lockin End date 2	Dec 19, 2024

Financials

Envirotech Systems IPO P/E ratio is 6.56, as compared to Gajanand International IPO P/E ratio of 21.08.

Envirotech Systems IPO

Gajanand International IPO

Financial

Envirotech Systems Limited Financial Information (Restated)

Envirotech Systems Limited's revenue increased by 63% and profit after tax (PAT) rose by 344% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,867.47	2,275.73	1,386.51
Revenue	4,687.95	2,874.78	1,849.54
Profit After Tax	1,142.88	257.34	105.73
Net Worth	1,960.62	661.73	404.4
Reserves and Surplus	621.62	611.73	354.4
Total Borrowing	240.5	260.67	276.61
Amount in ₹ Lakhs

Gajanand International Limited Financial Information (Restated)

Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,931.1	1,900.58	1,944.36
Revenue	10,874.81	7,342.4	6,176.21
Profit After Tax	223.73	141.06	2.85
Net Worth	1,771.36	547.62	406.57
Reserves and Surplus	461.4	505.75	364.7
Total Borrowing	1,207.07	1,179.48	1,465.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.48%

90.50%

Promoter Shareholding (Post-Issue)

68.75%

62.34%

P/E Ratio

6.56

21.08

Market Cap

₹105.22 Cr.

₹67.81 Cr.

ROE

58.29%%

19.30%%

ROCE

62.43%%

29.72%%

Debt/Equity

0.68

EPS

₹8.54

₹1.71

RoNW

58.29%%

19.30%%

Shares Offered

In the Envirotech Systems IPO retail investors (RII) are offered 16,46,000 shares while in Gajanand International IPO retail investors are offered 16,46,000 shares. Qualified institutional buyers (QIB) are offered 9,40,000 shares in Envirotech Systems IPO and 0 shares in Gajanand International IPO.

	Envirotech Systems IPO	Gajanand International IPO
Anchor Investor Reserveration	14,06,000 shares
Market Maker Reserveration	7,02,000 shares	2,88,000 shares
QIB	9,40,000 shares	0 shares
NII	7,06,000 shares	27,24,000 shares
RII	16,46,000 shares	27,24,000 shares
Employee	0 shares	0 shares
Others
Total	32,92,000 shares	54,48,000 shares

Bids Received (Subscription)

Envirotech Systems IPO subscribed 91.67x in total, whereas Gajanand International IPO subscribed 15.27x.

	Envirotech Systems IPO	Gajanand International IPO
QIB (times)	68.12x
NII (times)	187.14x	5.79x
Big NII (times)
Small NII (times)
RII (times)	64.16x	24.18x
Employee (times)
Other (times)
Total (times)	91.67x	15.27x

Compare with others

Envirotech Systems IPO	Gajanand International IPO
Osel Devices IPO	Popular Foundations IPO
Paramount Speciality Forgings IPO	Sodhani Academy of Fintech Enablers IPO
Popular Foundations IPO	Deccan Transcon Leasing IPO
Sodhani Academy of Fintech Enablers IPO	Envirotech Systems IPO
Deccan Transcon Leasing IPO	Trafiksol ITS Technologies IPO
Trafiksol ITS Technologies IPO	Innomet Advanced Materials IPO
Gajanand International IPO	SPP Polymer IPO
Innomet Advanced Materials IPO	Share Samadhan IPO
SPP Polymer IPO	Shubhshree Biofuels Energy IPO
Share Samadhan IPO	Aditya Ultra Steel IPO

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