The Envirotech Systems IPO is set to open on September 13, 2024, and will close on September 17, 2024. In this context, the IPO is a Book Built Issue aiming to raise approximately ₹30.24 crores. This amount includes a fresh issue of ₹30.24 crores. Additionally, the IPO will feature an offer for the sale of equity shares with a face value of ₹10 each.
Table of contents
- Envirotech Systems IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Envirotech Systems IPO GMP (Grey Market Premium)
- Envirotech Systems IPO Application Form PDF
- Envirotech Systems IPO Subscription Status
- Envirotech Systems IPO Allotment Status
- IPO Review
- Envirotech Systems IPO Registrar
- Envirotech Systems IPO Lead Manager
- Envirotech Systems Limited Contact
- FAQs
Envirotech Systems IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Envirotech Systems Limited |
| Industry | Machinery & Equipments |
| IPO Issue Type | Book Built Issue |
| Open Date | September 13, 2024 |
| Close Date | September 17, 2024 |
| Total Issue Size | ₹30.24 Crores(5,400,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹30.24 Crores(5,400,000 Equity Shares) |
| Price Band | ₹53 to ₹56 per share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Established in 2007, Envirotech Systems Limited is renowned for its acoustic solutions. Over time, the company has expanded its range to include innovative products such as Automotive Noise Test Booths, Sliding Folding Partitions, Commercial Architectural Acoustics, Acoustic Consultancy, Acoustic Doors, Noise Barriers, and Acoustic Enclosures. Utilizing modern technologies and equipment, the company operates a spacious factory covering over 21,520 sq. ft. With a team of 98 employees and a network of technical experts, Envirotech Systems offers cost-effective solutions for various acoustical challenges across different industries, including cement, oil & gas, steel, and power generation.
Furthermore, Envirotech Systems specializes in custom enclosures for noise reduction, catering to both indoor and outdoor applications. Their product lineup features Noise Test Booths, Engine Test Room Acoustics, Anechoic & Semi-anechoic Chambers, Acoustic Enclosures, Envirotech Noise Barriers, Polycarbonate Noise Barriers, Metallic Noise Barriers, Echo Barriers, Acoustic Louvers, and Envirotech Metal Doors.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 13, 2024 |
| IPO Close Date | September 17, 2024 |
| Basis of Allotment | September 18, 2024 |
| Refunds | September 19, 2024 |
| Credit to Demat Account | September 19, 2024 |
| Listing Date | September 20, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹38.67 | ₹22.75 | ₹13.86 |
| Revenue | ₹46.87 | ₹28.74 | ₹18.49 |
| Profit After Tax | ₹11.42 | ₹2.57 | ₹1.05 |
| Net Worth | ₹19.60 | ₹6.61 | ₹4.04 |
| Reserves and Surplus | ₹6.21 | ₹6.11 | ₹3.54 |
| Total Borrowing | ₹2.40 | ₹2.60 | ₹2.76 |
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 |
The objective of the Issue
- Firstly, purchase land and buildings for establishing a new factory.
- Additionally, funds the working capital needs of the company.
- Moreover, covers general corporate expenses.
- Finally, account for issue expenses.
Company Promoters
- Mr. Manoj Kumar Gupta
- Mrs. Sindhu Gupta
Envirotech Systems IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Envirotech Systems IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Envirotech Systems IPO Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Envirotech Systems IPO Application Form PDF
To download the Envirotech Systems IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Envirotech Systems IPO Subscription Status
This IPO subscription kicks off on September 11, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Envirotech Systems IPO Allotment Status
To check the Envirotech Systems IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Envirotech Systems boasts an established industry presence, which contributes significantly to its reputation in the market.
- Additionally, the company offers a diverse product portfolio, including Noise Test Booths, Acoustic Enclosures, and Noise Barriers, thus catering to various industrial and commercial needs.
- Moreover, the company operates a modern facility spanning over 21,520 sq. ft., equipped with advanced technology to efficiently meet market demands.
- Furthermore, its experienced team of skilled professionals and technical experts ensures the delivery of high-quality solutions and efficient operations.
- In addition, Envirotech Systems has successfully served multiple sectors, such as cement, oil & gas, steel, and power generation, highlighting its ability to handle diverse and complex projects.
Risks:
- However, Envirotech Systems faces significant market competition, which challenges its ability to maintain and expand its market share.
- Moreover, the company’s dependence on key sectors for revenue could expose it to risks if these industries encounter downturns.
- Additionally, the need for various approvals, licenses, and permits introduces potential delays and operational challenges if not managed effectively.
- Consequently, the company’s performance may be adversely affected by economic fluctuations that impact customer spending on capital-intensive acoustic solutions.
- Lastly, while expanding its product offerings, Envirotech Systems must continuously innovate and scale effectively to keep pace with evolving industry standards and customer needs.
Envirotech Systems IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Envirotech Systems IPO Lead Manager
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 Limited Contact
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/
FAQs
To clarify, Envirotech Systems’s IPO is an SME IPO aiming to raise ₹30.24 crores. The issue is priced between ₹53 and ₹56 per share and is expected to be listed on the NSE.
Specifically, the IPO will open for subscription on September 13, 2024, and will close on September 17, 2024, for QIB, NII, and retail investors.
In terms of lot size, Envirotech Systems’ offer is set at 2,000 shares.
Specifically, the IPO price band for Envirotech Systems is set between ₹53 and ₹56 per share.
Envirotech Systems’ offer size ranges from ₹28.62 crores to ₹30.24 crores.
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