Envirotech Systems IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated in 2007, Envirotech Systems Limited 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…
Open Date
Fri, 13 Sep 2024
Close Date
Thu, 19 Sep 2024
Price Band
₹ 53 – 56
Lot Size
2000
Issue Size
₹ 30.24 Cr
Minimum Investment
₹ 224,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Envirotech Systems IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹30.24 Crore, comprising a fresh issue of 54.00 Lakh equity shares aggregating to ₹30.24 Crore.
The Envirotech Systems IPO remained open for subscription from September 13, 2024, to September 19, 2024. The basis of allotment was finalized on September 20, 2024, and the company's shares were listed on NSE SME Platform on September 24, 2024.
The company had fixed the price band at ₹53 to ₹56 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹224,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Share India Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Envirotech Systems Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Envirotech Systems IPO Timeline (Tentative)
- IPO Open Date
- Fri, 13 Sep 24
- IPO Close Date
- Thu, 19 Sep 24
- Basis of Allotment
- Fri, 20 Sep 24
- Initiation of Refunds
- Mon, 23 Sep 24
- Credit of Shares to Demat
- Mon, 23 Sep 24
- Listing Date
- Tue, 24 Sep 24 — NSE & BSE
Open Date
13 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
IPO Subscription
Check Live Subscription →The Envirotech Systems IPO has received bids for 30,24,70,000 shares against 32,92,000 shares offered, resulting in an overall subscription of 91.88x. the NII category is subscribed 188.14x, Retail Investors 64.16x, and QIBs 68.12x.
QIB
68.12x
NII
188.14x
RII
64.16x
Total
91.88x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,46,000 shares, representing 30.48% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,40,000 shares (17.41%), while Non-Institutional Investors (NIIs) receive 7,06,000 shares (13.07%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,406,000 | 26.04% |
| Market Maker | 702,000 | 13% |
| Qualified Institutions | 940,000 | 17.41% |
| Non-Institutional | 706,000 | 13.07% |
| Retail Investors | 1,646,000 | 30.48% |
| Total | 5,400,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 3867.47 | 2275.73 | 1386.51 |
| Revenue | 4687.95 | 2874.78 | 1849.54 |
| Profit After Tax | 1142.88 | 257.34 | 105.73 |
| Net Worth | 1960.62 | 661.73 | 404.4 |
| Reserve & Surplus | 621.62 | 611.73 | 354.4 |
| Total Borrowings | 240.5 | 260.67 | 276.61 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Envirotech Systems Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 58.29 |
| ROCE % | 62.43 |
| RoNW % | 58.29 |
| PbW | 3.83 |
| Pat Margin % | 24.72 |
Peers Comparison
No Peer Comparision Available
About Envirotech Systems Limited
Incorporated in 2007, Envirotech Systems Limited 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.
Envirotech Systems IPO Promoters
Promoters of the company.
- Manoj Kumar Gupta
- Sindhu Gupta
Promoters Holding
Holding Pre Issue
96.48%
Holding Post Issue
68.75%
Envirotech Systems IPO Objective
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Purchase Land and Building for setting up factory
- Funding of working capital requirements of the Company
- General Corporate Expenses
Envirotech Systems Limited Address / Contact Details
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
IPO Snapshot
Envirotech Systems IPO Lot Size
The Envirotech Systems IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,12,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,12,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 112,000.00 |
| Retail (Max) | 1 | 2,000 | 112,000.00 |
| S-HNI (Min) | 2 | 4,000 | 224,000.00 |
Issue Reservation
- Anchor Investors — 26.04%
- Market Maker — 13%
- QIB — 17.41%
- NII — 13.07%
- RII — 30.48%
Book Running Lead Managers
- Share India Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Envirotech Systems IPO?
Envirotech Systems IPO is a Book-building IPO with a total issue size of ₹30.24 crore. The Envirotech Systems IPO price band is ₹53 to 56 per share. The Envirotech Systems IPO subscription opens on Fri, Sep 13, 2024, and closes on Thu, Sep 19, 2024. The Envirotech Systems IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Envirotech Systems IPO.
When will the Envirotech Systems IPO open for subscription?
The Envirotech Systems IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024
What is Envirotech Systems IPO Price Band?
Envirotech Systems IPO Price Band is ₹53 to 56 per share.
What is Envirotech Systems IPO Lot Size?
Envirotech Systems IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹224000 based on the upper price band
What is the minimum investment for Envirotech Systems IPO?
The minimum investment for Envirotech Systems IPO is ₹224000, based on one lot of 2000 shares at the upper price band of ₹56 per share.
How to apply for Envirotech Systems IPO?
Investors can apply for the Envirotech Systems IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 19, 2024. The application amount remains blocked until the Envirotech Systems IPO allotment is finalized.
What is Envirotech Systems IPO Issue Size?
Envirotech Systems IPO issue size is ₹30.24 crores.
What is the Envirotech Systems IPO Allotment Date?
Envirotech Systems IPO allotment date is Fri, Sep 20, 2024.
Who is the Envirotech Systems IPO Registrar?
The registrar for Envirotech Systems IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Envirotech Systems IPO allotment status, refund processing, and other IPO-related information.
What is the Envirotech Systems IPO GMP?
The Envirotech Systems IPO GMP (Grey Market Premium) is ₹0 as of Tue, Sep 24, 2024. Based on the upper price band of ₹56 per share, the estimated Envirotech Systems IPO listing price is ₹56, indicating a potential listing gain of approximately 0.00% over the issue price.
Who is the Envirotech Systems IPO Lead Manager?
The book-running lead managers (BRLMs) for the Envirotech Systems IPO are Share India Capital Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Envirotech Systems IPO Red Herring Prospectus (RHP).