Envirotech Systems IPO vs Popular Foundations IPO

Comparision between Envirotech Systems IPO and Popular Foundations IPO.

IPO Details

Envirotech Systems IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Popular Foundations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Envirotech Systems IPO	Popular Foundations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Share India Capital Services Private Limited	Srujan Alpha Capital Advisors Llp
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Share India Securities Limited	Spread X Securities Private 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 Popular Foundations IPO is up to ₹19.87 Cr. The final issue price of Envirotech Systems IPO is ₹56.00 per share and of Popular Foundations IPO is ₹37.00 per share.

	Envirotech Systems IPO	Popular Foundations 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	₹37.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	54,00,000 shares	53,70,000 shares
Fresh Issue Size (Amount)	up to ₹30.24 Cr	up to ₹19.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	53,70,000 shares
Issue Size Total (Amount)	up to ₹30.24 Cr	up to ₹19.87 Cr

IPO Timetable

Envirotech Systems IPO opens on Sep 13, 2024, while Popular Foundations IPO opens on Sep 13, 2024. The closing date of Envirotech Systems IPO and Popular Foundations IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

	Envirotech Systems IPO	Popular Foundations IPO
Anchor Bid Date	Sep 12, 2024
Issue Open	Sep 13, 2024	Sep 13, 2024
Issue Close	Sep 19, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 24, 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 Popular Foundations IPO P/E ratio of 15.97.

Envirotech Systems IPO

Popular Foundations 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

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% 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	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08
Net Worth	2,313.11	1,483.69	1,384.08
Reserves and Surplus	812.31	1,383.69	1,284.08
Total Borrowing	1,578.4	1,753.99	1,835.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.48%

83.36%

Promoter Shareholding (Post-Issue)

68.75%

61.39%

P/E Ratio

6.56

15.97

Market Cap

₹105.22 Cr.

₹75.40 Cr.

ROE

58.29%%

23.17%%

ROCE

62.43%%

22.77%%

Debt/Equity

EPS

₹8.54

₹2.32

RoNW

58.29%%

15.03%%

Shares Offered

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

	Envirotech Systems IPO	Popular Foundations IPO
Anchor Investor Reserveration	14,06,000 shares
Market Maker Reserveration	7,02,000 shares	2,70,000 shares
QIB	9,40,000 shares	0 shares
NII	7,06,000 shares	25,50,000 shares
RII	16,46,000 shares	25,50,000 shares
Employee	0 shares	0 shares
Others
Total	32,92,000 shares	51,00,001 shares

Bids Received (Subscription)

Envirotech Systems IPO subscribed 91.67x in total, whereas Popular Foundations IPO subscribed 9.21x.

	Envirotech Systems IPO	Popular Foundations IPO
QIB (times)	68.12x
NII (times)	187.14x	3.54x
Big NII (times)
Small NII (times)
RII (times)	64.16x	14.89x
Employee (times)
Other (times)
Total (times)	91.67x	9.21x

Compare with others

Envirotech Systems IPO	Popular Foundations IPO
Osel Devices IPO	SD Retail IPO
Paramount Speciality Forgings IPO	BikeWo GreenTech IPO
Popular Foundations IPO	Pelatro IPO
Sodhani Academy of Fintech Enablers IPO	Osel Devices IPO
Deccan Transcon Leasing IPO	Paramount Speciality Forgings IPO
Trafiksol ITS Technologies IPO	Sodhani Academy of Fintech Enablers IPO
Gajanand International IPO	Deccan Transcon Leasing IPO
Innomet Advanced Materials IPO	Envirotech Systems IPO
SPP Polymer IPO	Trafiksol ITS Technologies IPO
Share Samadhan IPO	Gajanand International IPO

Comments

Add a public comment...