Envirotech Systems IPO vs SPP Polymers IPO

Comparision between Envirotech Systems IPO and SPP Polymers IPO.

IPO Details

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

	Envirotech Systems IPO	SPP Polymers 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	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Share India Securities Limited	B.N. Rathi Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
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 SPP Polymers IPO is up to ₹24.49 Cr. The final issue price of Envirotech Systems IPO is and of SPP Polymers IPO is ₹59.00 per share.

	Envirotech Systems IPO	SPP Polymers 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)		₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	54,00,000 shares	41,50,000 shares
Fresh Issue Size (Amount)	up to ₹30.24 Cr	up to ₹24.49 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	41,50,000 shares
Issue Size Total (Amount)	up to ₹30.24 Cr	up to ₹24.49 Cr

IPO Timetable

Envirotech Systems IPO opens on Sep 13, 2024, while SPP Polymers IPO opens on Sep 10, 2024. The closing date of Envirotech Systems IPO and SPP Polymers IPO is Sep 18, 2024, and Sep 12, 2024, respectively.

	Envirotech Systems IPO	SPP Polymers IPO
Anchor Bid Date	Sep 12, 2024
Issue Open	Sep 13, 2024	Sep 10, 2024
Issue Close	Sep 18, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 19, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 20, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 20, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 23, 2024	Sep 17, 2024
Anchor Lockin End date 1	Oct 18, 2024
Anchor Lockin End date 2	Dec 17, 2024

Financials

Envirotech Systems IPO P/E ratio is 6.56, as compared to SPP Polymers IPO P/E ratio of 66.72.

Envirotech Systems IPO

SPP Polymers 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

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,619.39	7,091.89	5,417.98	3,821.87
Revenue	2,895.85	9,381.29	6,677.47	8,077.96
Profit After Tax	91.33	99.4	54.42	28.01
Net Worth	2,591.64	2,500.3	2,433.64	1,971.82
Reserves and Surplus	1,500.27	1,408.93	2,152.61	1,697.22
Total Borrowing	1,871.94	1,897.82	2,215.18	1,262.21
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.48%

94.99%

Promoter Shareholding (Post-Issue)

68.75%

69.37%

P/E Ratio

6.56

66.72

Market Cap

₹105.22 Cr.

₹90.81 Cr.

ROE

58.29%%

8.01%%

ROCE

62.43%%

4.27%%

Debt/Equity

0.71

EPS

₹8.54

₹0.88

RoNW

58.29%%

3.98%%

Shares Offered

In the Envirotech Systems IPO retail investors (RII) are offered while in SPP Polymers IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Envirotech Systems IPO and 0 shares in SPP Polymers IPO.

	Envirotech Systems IPO	SPP Polymers IPO
Anchor Investor Reserveration	14,06,000 shares
Market Maker Reserveration	7,02,000 shares	2,10,000 shares
QIB		0 shares
NII		19,70,000 shares
RII		19,70,000 shares
Employee		0 shares
Others
Total		39,40,000 shares

Bids Received (Subscription)

Envirotech Systems IPO subscribed in total, whereas SPP Polymers IPO subscribed 12.05x.

	Envirotech Systems IPO	SPP Polymers IPO
QIB (times)
NII (times)		2.98x
Big NII (times)
Small NII (times)
RII (times)		21.13x
Employee (times)
Other (times)
Total (times)		12.05x

Compare with others

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

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