Envirotech Systems IPO vs Innomet Advanced Materials IPO

Comparision between Envirotech Systems IPO and Innomet Advanced Materials IPO.

IPO Details

Envirotech Systems IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Innomet Advanced Materials IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Envirotech Systems IPO	Innomet Advanced Materials 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	Expert Global Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Share India Securities Limited	Prabhat Financial Services Ltd.
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 Innomet Advanced Materials IPO is up to ₹34.24 Cr. The final issue price of Envirotech Systems IPO is ₹56.00 per share and of Innomet Advanced Materials IPO is ₹100.00 per share.

	Envirotech Systems IPO	Innomet Advanced Materials 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	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	54,00,000 shares	34,23,600 shares
Fresh Issue Size (Amount)	up to ₹30.24 Cr	up to ₹34.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	34,23,600 shares
Issue Size Total (Amount)	up to ₹30.24 Cr	up to ₹34.24 Cr

IPO Timetable

Envirotech Systems IPO opens on Sep 13, 2024, while Innomet Advanced Materials IPO opens on Sep 11, 2024. The closing date of Envirotech Systems IPO and Innomet Advanced Materials IPO is Sep 19, 2024, and Sep 13, 2024, respectively.

	Envirotech Systems IPO	Innomet Advanced Materials IPO
Anchor Bid Date	Sep 12, 2024
Issue Open	Sep 13, 2024	Sep 11, 2024
Issue Close	Sep 19, 2024	Sep 13, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 16, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 17, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 17, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 18, 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 Innomet Advanced Materials IPO P/E ratio of 37.78.

Envirotech Systems IPO

Innomet Advanced Materials 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

Innomet Advanced Materials Limited Financial Information (Restated)

Innomet Advanced Materials Limited's revenue increased by 9% and profit after tax (PAT) dropped by -22% 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	3,416.76	1,213.68	974.01
Revenue	2,955.45	2,714.78	2,240.35
Profit After Tax	251.91	321.55	55.17
Net Worth	1,472	705.94	379.78
Reserves and Surplus	520.35	417.62	91.46
Total Borrowing	1,331.29	1,209.5	981.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.48%

74.52%

Promoter Shareholding (Post-Issue)

68.75%

54.80%

P/E Ratio

6.56

37.78

Market Cap

₹105.22 Cr.

₹129.40 Cr.

ROE

58.29%%

21.37%%

ROCE

62.43%%

16.27%%

Debt/Equity

1.27

EPS

₹8.54

₹2.65

RoNW

58.29%%

17.11%%

Shares Offered

In the Envirotech Systems IPO retail investors (RII) are offered 16,46,000 shares while in Innomet Advanced Materials 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 Innomet Advanced Materials IPO.

	Envirotech Systems IPO	Innomet Advanced Materials IPO
Anchor Investor Reserveration	14,06,000 shares
Market Maker Reserveration	7,02,000 shares	1,71,600 shares
QIB	9,40,000 shares	0 shares
NII	7,06,000 shares	16,26,000 shares
RII	16,46,000 shares	16,26,000 shares
Employee	0 shares	0 shares
Others
Total	32,92,000 shares	32,52,000 shares

Bids Received (Subscription)

Envirotech Systems IPO subscribed 91.67x in total, whereas Innomet Advanced Materials IPO subscribed 323.92x.

	Envirotech Systems IPO	Innomet Advanced Materials IPO
QIB (times)	68.12x
NII (times)	187.14x	367.77x
Big NII (times)
Small NII (times)
RII (times)	64.16x	226.97x
Employee (times)
Other (times)
Total (times)	91.67x	323.92x

Compare with others

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

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