Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Fri, Sep 13, 2024 - Thu, Sep 19, 2024
Envirotech Systems IPO is a book build issue of ₹30.24 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹30.24 crore.
Envirotech Systems IPO bidding started from Sep 13, 2024 and ended on Sep 19, 2024. The allotment for Envirotech Systems IPO was finalized on Sep 20, 2024. The shares got listed on NSE SME on Sep 24, 2024.
Envirotech Systems IPO price band is set at ₹56 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,12,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,24,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Envirotech Systems IPO RHP for detailed Information.
IPO Open
Fri, Sep 13, 2024
IPO Close
Thu, Sep 19, 2024
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹105.22 Cr
| IPO Date | 13 to 19 Sep, 2024 |
| Listed on | Tue, Sep 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,00,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 7,02,000 shares Share India Securities Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 46,98,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 46,98,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,33,90,000 shares |
| Share Holding Post Issue | 1,87,90,000 shares |
| NSE Symbol | ENVIRO |
| ISIN | INE0SUH01015 |
Envirotech Systems IPO comprises a total issue size of 54,00,000 shares. The net offer to the public is 46,98,000 shares, after excluding 7,02,000 shares allotted on a firm basis. Of the Net offer 23,46,000 (49.94%) are allocated to QIB, 7,06,000 (15.03%) allocated to NII 16,46,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,46,000 | 49.94% | 43.44% |
| − Anchor Investor Shares Offered | 14,06,000 | 26.04% | |
| − QIB (Ex. Anchor) Shares Offered | 9,40,000 | 17.41% | |
| NII (HNI) Shares Offered | 7,06,000 | 15.03% | 13.07% |
| Retail Shares Offered | 16,46,000 | 35.04% | 30.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 7,02,000 | 13.00% | |
| Total Shares Offered | 54,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,12,000 |
| Retail (Max) | 1 | 2,000 | ₹1,12,000 |
| HNI (Min) | 2 | 4,000 | ₹2,24,000 |
Envirotech Systems IPO raises ₹7.87 crore from anchor investors. Envirotech Systems IPO Anchor bid date is September 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 12, 2024 |
| Shares Offered | 14,06,000 |
| Anchor Portion (₹ Cr.) | 7.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 19, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 38.67 | 22.76 | 13.87 |
| Total Income | 46.88 | 28.75 | 18.50 |
| Profit After Tax | 11.43 | 2.57 | 1.06 |
| NET Worth | 19.61 | 6.62 | 4.04 |
| Reserves and Surplus | 6.22 | 6.12 | 3.54 |
| Total Borrowing | 2.41 | 2.61 | 2.77 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase Land and Building for setting up factory | 12.00 |
| 2 | Funding of working capital requirements of the Company | 8.00 |
| 3 | General Corporate Expenses |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 58.29% |
| ROCE | 62.43% |
| RoNW | 58.29% |
| PAT Margin | 24.72% |
| Price to Book Value | 3.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.54 | 6.08 |
| P/E (x) | 6.56 | 9.21 |
| Promoter Holding | 96.47% | 68.75% |
| Market Cap | ₹105.22 Cr. |
The Envirotech Systems IPO is subscribed 91.67 times on September 19, 2024 6:15:59 PM (Day 5). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 68.12 | 9,40,000 | 6,40,30,000 |
| NII* | 187.14 | 7,06,000 | 13,21,24,000 |
| Retail | 64.16 | 16,46,000 | 10,56,14,000 |
| Total | 91.67 | 32,92,000 | 30,17,68,000 |
Total Application : 52,807
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursement of underwriting fees, Lead Manager fees, brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrar etc. | |
| 2 | Advertising and Marketing Expenses | |
| 3 | Regulatory and other fees | |
| 4 | Other Expenses (printing, stationery expenses, postageetc.) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹106.40 |
| Low | ₹106.40 |
| High | ₹111.70 |
| Last Trade | ₹111.70 |
Lead Manager Reports
Envirotech Systems IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 13, 2024, and closes on Thu, Sep 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 Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024.
Envirotech Systems IPO lot size is 2000, and the minimum amount required for application is ₹1,12,000.
You can apply in Envirotech Systems IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Mon, Sep 23, 2024. Check the Envirotech Systems IPO allotment status.
The Envirotech Systems IPO listing date is on Tue, Sep 24, 2024.
