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Envirotech Systems IPO is a book built issue of Rs 30.24 crores. The issue is entirely a fresh issue of 54 lakh shares.
Envirotech Systems IPO bidding started from September 13, 2024 and ended on September 19, 2024. The allotment for Envirotech Systems IPO was finalized on Friday, September 20, 2024. The shares got listed on NSE SME on September 24, 2024.
Envirotech Systems IPO price band is set at ₹53 to ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹224,000.
Share India Capital Services Private Limited is the book running lead manager of the Envirotech Systems IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Envirotech Systems IPO is Share India Securities.
Refer to Envirotech Systems IPO RHP for detailed information.
| IPO Date | September 13, 2024 to September 19, 2024 |
| Listing Date | September 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,390,000 |
| Share holding post issue | 18,790,000 |
| Market Maker portion | 702,000 shares Share India Securities |
Envirotech Systems IPO offers 54,00,000 shares. 9,40,000 (17.41%) to QIB, 7,06,000 (13.07%) to NII, 16,46,000 (30.48%) to RII and 14,06,000 (26.04%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 14,06,000 (26.04%) |
| Market Maker Shares Offered | 7,02,000 (13%) |
| QIB Shares Offered | 9,40,000 (17.41%) |
| NII (HNI) Shares Offered | 7,06,000 (13.07%) |
| Retail Shares Offered | 16,46,000 (30.48%) |
| Total Shares Offered | 54,00,000 (100%) |
Envirotech Systems IPO raises Rs 7.87 crore from anchor investors. Envirotech Systems IPO Anchor bid date is September 12, 2024. Envirotech Systems IPO Anchor Investors list
| Bid Date | September 12, 2024 |
| Shares Offered | 1,406,000 |
| Anchor Portion Size (In Cr.) | 7.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 19, 2024 |
Envirotech Systems IPO opens on September 13, 2024, and closes on September 19, 2024.
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Thursday, September 19, 2024 |
| Basis of Allotment | Friday, September 20, 2024 |
| Initiation of Refunds | Monday, September 23, 2024 |
| Credit of Shares to Demat | Monday, September 23, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |
| Lot Size Calculator | |||
Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta are the promoters of the company.
| Share Holding Pre Issue | 96.48% |
| Share Holding Post Issue | 68.75% |
Founded in 2007, Envirotech Systems Limited manufactures noise measurement and control solutions for industrial and commercial applications.
Envirotech Systems specializes in the design and supply of custom enclosures for noise reduction in machinery and mechanical equipment, suitable for both indoor and outdoor applications. The company's product list includes Noise Test Booth, Engine Test Room Acoustics, Anechoic & Semi-anechoic Chamber, Acoustic Enclosure, Envirotech Noise Barriers, Poly Carbonate Noise Barriers, Metallic Noise Barrier, Echo Barrier, Acoustic Louvers, And Envirotech Metal Doors.
The company offers its services across India and has a track record of successful projects in industries such as oil and gas, manufacturing, power generation, cement and steel, automotive and construction.
Competitive Strengths:
The company employs over 98 people.
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 | ||||||||||||||||||||||||||||||
The market capitalization of Envirotech Systems IPO is Rs 105.22 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 58.29% |
| ROCE | 62.43% |
| RoNW | 58.29% |
| P/BV | 3.83 |
| PAT Margin (%) | 24.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.54 | 6.08 |
| P/E (x) | 6.56 | 9.21 |
The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE:
[Dilip Davda] The company is in the business of noise measurement and control acoustic system manufacturing and servicing business. It marked growth in its top lines for the last three fiscals, however, the boosted net profit for FY24 raises eyebrows and concern over its sustainability. It appears that this pre-IPO performance is to support the fancy valuation. The company is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate fund for medium term. Read detail review...
The Envirotech Systems IPO is subscribed 91.67 times on September 19, 2024 6:15:59 PM. The public issue subscribed 64.16 times in the retail category, 68.12 times in the QIB category, and 187.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 68.12 |
| NII | 187.14 |
| Retail | 64.16 |
| Total | 91.67 |
Total Application : 52,807 (64.16 times)
| Listing Date | September 24, 2024 |
| BSE Script Code | |
| NSE Symbol | ENVIRO |
| ISIN | INE0SUH01015 |
| Final Issue Price | ₹56 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹56.00 |
| ₹106.40 |
| ₹106.40 |
| ₹111.70 |
| ₹111.70 |
Envirotech Systems Limited
A-29, Block-A,
Shyam Vihar Phase-I,
New Delhi - 110043
Phone: +0120-4337633
Email: cs@envirotechltd.com
Website: https://www.envirotechltd.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Envirotech Systems IPO is a SME IPO of 5,400,000 equity shares of the face value of ₹10 aggregating up to ₹30.24 Crores. The issue is priced at ₹53 to ₹56 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 13, 2024, and closes on September 19, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Envirotech Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Envirotech Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Envirotech Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Envirotech Systems IPO opens on September 13, 2024 and closes on September 19, 2024.
Envirotech Systems IPO lot size is 2000 Shares, and the minimum amount required is ₹112,000.
You can apply in Envirotech Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Envirotech Systems IPO will be done on Friday, September 20, 2024, and the allotted shares will be credited to your demat account by Monday, September 23, 2024. Check the Envirotech Systems IPO allotment status.
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