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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 ₹56.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,06,000 (2000 shares). The minimum lot size investment for 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 Date | September 13, 2024 to September 19, 2024 |
| Listing Date | September 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹53 to ₹56 per share |
| Issue Price Final | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,00,000 shares (aggregating up to ₹30.24 Cr) |
| Reserved for Market Maker | 7,02,000 shares Share India Securities Ltd. (aggregating up to ₹3.93 Cr) |
| Net Offered to Public | 46,98,000 shares (aggregating up to ₹26.31 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,33,90,000 shares |
| Share Holding Post Issue | 1,87,90,000 shares |
Envirotech Systems IPO offers total 54,00,000 shares. Out of which 23,46,000 (43.44%) allocated to QIB, 9,40,000 (17.41%) allocated to QIB, 7,06,000 (13.07%) allocated to NII, 16,46,000 (30.48%) allocated to RII and 14,06,000 (26.04%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 7,02,000 (13.00%) |
| QIB Shares Offered | 23,46,000 (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 (13.07%) |
| Retail Shares Offered | 16,46,000 (30.48%) |
| Total Shares Offered | 54,00,000 (100.00%) |
Envirotech Systems IPO raises ₹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 | 14,06,000 |
| 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 | Fri, Sep 13, 2024 |
| IPO Close Date | Thu, Sep 19, 2024 |
| Tentative Allotment | Fri, Sep 20, 2024 |
| Initiation of Refunds | Mon, Sep 23, 2024 |
| Credit of Shares to Demat | Mon, Sep 23, 2024 |
| Tentative Listing Date | Tue, Sep 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 19, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹105.22 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 58.29% |
| ROCE | 62.43% |
| RoNW | 58.29% |
| PAT Margin | 24.72% |
| Price to Book Value | 3.83 |
| 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...
| Listing Date | September 24, 2024 |
| BSE Script Code | |
| NSE Symbol | ENVIRO |
| ISIN | INE0SUH01015 |
| Final Issue Price | ₹56 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹106.40 |
| Low | ₹106.40 |
| High | ₹111.70 |
| Last Trade | ₹111.70 |
Envirotech Systems Ltd.
A-29, Block-A,
Shyam Vihar Phase-I,
New Delhi - 110043
New Delhi, New Delhi
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
Envirotech Systems IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹30.24 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
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, 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 Monday, September 23, 2024. Check the Envirotech Systems IPO allotment status.
The Envirotech Systems IPO listing date is on Tuesday, September 24, 2024.
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