Envirotech Systems IPO will open for subscription from 13 September 2024. The company aims for an issue size of ₹30.24 Cr through this IPO.
Company Overview
| Full name | Envirotech Systems Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipment |
| Company Website | https://www.envirotechltd.com/ |
About Company
Incorporated in 2007, Envirotech Systems is a leading manufacturer of acoustic products, specializing in noise measurement and control solutions for industrial and commercial applications. Envirotech Systems specializes in designing and supplying custom enclosures for noise reduction in machinery and mechanical equipment, suitable for both indoor and outdoor use. The company’s product range includes Noise Test Booths, Engine Test Room Acoustics, Anechoic and Semi-Anechoic Chambers, Acoustic Enclosures, Envirotech Noise Barriers, Polycarbonate Noise Barriers, Metallic Noise Barriers, Echo Barriers, Acoustic Louvers, and Envirotech Metal Doors.
The company provides its services across India and has a proven track record of successful projects in industries such as oil and gas, manufacturing, power generation, cement and steel, automotive, and construction. As of 2 September 2024, the company employs over 98 people.
The Objectives of the Issue
- Purchase Land and Building for setting up the factory
- Funding of working capital requirements of the Company
- General Corporate Expenses
- Issue Expenses
Envirotech Systems IPO Timetable
| IPO Opening date | 13 September 2024 |
| IPO Closing | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation Refund | 23 September 2024 |
| Credit to Demat Account | 23 September 2024 |
| Listing Date | 24 September 2024 |
Envirotech Systems IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹30.24 Cr – 5,400,000 shares |
| Fresh Issue | ₹30.24 Cr – 5,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 702,000 shares |
| Shareholding pre-issue | 13,390,000 |
| Shareholding post-issue | 18,790,000 |
| Listing Exchange | NSE SME |
Envirotech Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |
Envirotech Systems Offer Documents
Envirotech Systems IPO Reservation Details
| 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 Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 17.52 | 27.15 | 45.02 |
| Expenses | 17.06 | 25.22 | 31.28 |
| Net income | 1.06 | 2.57 | 11.43 |
Envirotech Systems Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.81 | 1.98 | 8.54 |
| PE ratio | – | – | 6.21 – 6.56 |
| RONW (%) | 26.14 | 38.89 | 58.29 |
| NAV | 3.11 | 5.09 | 14.64 |
| ROCE (%) | 27.39 | 29.77 | 62.43 |
| EBITDA (%) | 10.85 | 14.33 | 35.90 |
| Debt/Equity | 1.33 | 1.38 | 0.46 |
Company Promoters
- Mr. Manoj Kumar Gupta
- Mrs. Sindhu Gupta
Promoter Holding
| Pre Issue Share Holding | 96.48% |
| Post Issue Share Holding | 68.75% |
Envirotech Systems Offer GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 23-09-2024 | 56.00 | ₹47 | 71400 | ₹103 (83.93%) | 23-Sep-2024 11:32 |
| 22-09-2024 | 56.00 | ₹47 | 71400 | ₹103 (83.93%) | 22-Sep-2024 23:26 |
| 21-09-2024 | 56.00 | ₹47 | 71400 | ₹103 (83.93%) | 21-Sep-2024 23:26 |
| 20-09-2024 Allotment | 56.00 | ₹45 | 68400 | ₹101 (80.36%) | 20-Sep-2024 23:25 |
| 19-09-2024 Close | 56.00 | ₹45 | 68400 | ₹101 (80.36%) | 19-Sep-2024 23:27 |
| 18-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 18-Sep-2024 23:23 |
| 17-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 17-Sep-2024 23:32 |
| 16-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 16-Sep-2024 23:32 |
| 15-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 15-Sep-2024 23:31 |
| 14-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 14-Sep-2024 23:27 |
| 13-09-2024 Open | 56.00 | ₹0 | — | ₹56 (0%) | 13-Sep-2024 23:27 |
| 12-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 12-Sep-2024 23:27 |
| 11-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 11-Sep-2024 23:23 |
| 10-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 10-Sep-2024 23:30 |
| 09-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 9-Sep-2024 23:26 |
| 08-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 8-Sep-2024 23:29 |
| 07-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 7-Sep-2024 23:31 |
| 06-09-2024 | 56.00 | ₹0 | — | ₹56 (0%) | 6-Sep-2024 23:31 |
Envirotech Systems IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,40,000 | 7,06,000 | 16,46,000 | 32,92,000 |
| 19 Sep 2024 | 68.12 | 188.14 | 64.16 | 91.88 |
| 18 Sep 2024 | 3.07 | 13.84 | 34.26 | 20.98 |
| 17 Sep 2024 | 3.07 | 9.12 | 23.18 | 14.42 |
| 16 Sep 2024 | 0.00 | 5.55 | 14.10 | 8.24 |
| 13 Sep 2024 | 0.00 | 2.29 | 4.19 | 2.59 |
Envirotech Systems IPO Allotment Status
Envirotech Systems IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Envirotech Systems IPO Listing Details
| Listing Date | 24 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Envirotech Systems IPO Lead Manager(s)
SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15, Sector-64, Noida
–201301, Uttar Pradesh, India
Phone: +91-0120-4910000
Email: kunal.bansal@shareindia.co.in
Website: www.shareindia.com
Envirotech Systems Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Envirotech Systems Contact Details
ENVIROTECH SYSTEMS LIMITED
B1a 19 1st Flr, Sec 51 Noida,
Uttar Pradesh, India, 201301
Phone: 0120-4337633 / 4337439
E-mail: cs@envirotechltd.com
Website: www.envirotechltd.com
Envirotech Systems IPO FAQs
What is Envirotech Systems’ offer size?
Envirotech Systems’ offer size is ₹ 28.62 – 30.24 crores.
What is Envirotech Systems IPO price band?
Envirotech Systems public offer price is ₹ 53 – 56 per share.
What is the lot size of Envirotech Systems Offer?
Envirotech Systems offer lot size is 2,000 shares.
What is Envirotech Systems IPO GMP today?
Envirotech Systems IPO GMP today is ₹ 32 per share.
What is Envirotech Systems kostak rate today?
Envirotech Systems kostak rate today is ₹ NA per application.
What is Envirotech Systems Subject to Sauda rate today?
Envirotech Systems is Subject to Sauda rate today is ₹ 52,000 per application.
Final thoughts
Envirotech Systems IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
