The Envirotech Systems IPO will open on September 13, 2024, and close on September 19, 2024. This is a Book Built Issue, through which the company aims to raise approximately ₹30.24 crores, consisting of a fresh issue of ₹30.24 crores and an offer for sale of up to [.] equity shares with a face value of ₹10 each.
The price band for the IPO is set between ₹53 and ₹56 per share. The allocation is divided with 35% for retail investors, 50% for QIBs, and 15% for HNIs. The shares are expected to be listed on the NSE on September 24, 2024, with the allotment date set for September 20, 2024.
Financially, the company reported revenue of ₹46.88 crores in 2024, up from ₹28.75 crores in 2023. Profits also increased significantly, from ₹2.57 crores in 2023 to ₹11.43 crores in 2024. Based on these financials, investors are encouraged to consider applying for the IPO with a long-term investment perspective.
Envirotech Systems IPO Objectives:
The company intends to utilize the IPO proceeds for the following purposes and to gain the benefits of listing on the NSE Emerge Platform:
Purchase of land and building for a new factory.
Funding the company’s working capital requirements.
Allocating funds for general corporate expenses.
Covering issue expenses.
Envirotech Systems IPO Review (Apply or Not):
Review update coming soon.
Envirotech Systems IPO Date & Price Band Details:
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 17, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹53 to ₹56 Per Share |
| Issue Size: | Approx ₹30.24 Crores |
| Fresh Issue: | Approx ₹30.24 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Read Also:
Envirotech Systems IPO Lot Size:
The minimum lot size for the Envirotech Systems IPO is 2,000 shares, with a required minimum application amount of ₹112,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹ 1,12,000 |
| Retail Maximum | 1 | 2000 | ₹ 1,12,000 |
| HNI Minimum | 2 | 4000 | ₹ 2,24,000 |
Envirotech Systems IPO Timeline:
The Envirotech Systems IPO will open for subscription on September 13 and close on September 17. Share allotment will be finalized on September 18, with the IPO expected to be listed on the stock exchange on September 20.
| 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 |
| IPO Listing Date: | September 20, 2024 |
Envirotech Systems IPO GMP Today:
The latest Grey Market Premium (GMP) for the Envirotech Systems SME IPO is ₹0, last updated on September 8, 2024, at 07:00 PM. With a price band of ₹56.00, the estimated listing price for the IPO is ₹56 (cap price plus today’s GMP), indicating an expected percentage gain/loss of 0.00% per share.
Promoters of Envirotech Systems IPO:
The promoters of Envirotech Systems Limited are Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta.
About Envirotech Systems Limited:
Founded in 2007, Envirotech Systems Limited is a well-regarded provider of acoustic solutions, offering a diverse range of innovative products and services. The company has expanded its offerings to include various acoustic solutions such as Automotive Noise Test Booths, Sliding Folding Partitions, Commercial Architectural Acoustics, Acoustic Consultancy, Acoustic Doors, Noise Barriers, and Acoustic Enclosures. Operating from a factory space of over 21,520 sq. ft., the company leverages modern technologies and equipment to meet various operational needs.
With a team of over 98 employees and a network of technical experts, Envirotech Systems delivers cost-effective solutions to address acoustical challenges across multiple sectors. The company has provided noise control solutions to industries including cement, oil & gas, steel, and power generation, showcasing its expertise in managing diverse industrial noise control requirements.
Envirotech Systems IPO Financial Report:
In 2024, the company reported revenue of ₹46.88 crores, compared to ₹28.75 crores in 2023. Profits increased to ₹11.43 crores in 2024, up from ₹2.57 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 18.50 | ₹ 17.06 | ₹ 1.06 | ₹ 13.87 |
| 2023 | ₹ 28.75 | ₹ 25.22 | ₹ 2.57 | ₹ 22.76 |
| 2024 | ₹ 46.88 | ₹ 31.28 | ₹ 11.43 | ₹ 38.67 |
Envirotech Systems IPO Valuation – FY2024
Review the valuation details for the Envirotech Systems IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 58.29% |
| ROCE: | 62.43% |
| EBITDA Margin: | 35.90% |
| PAT Margin: | 24.72% |
| Debt to equity ratio: | 0.46 |
| Earning Per Share (EPS): | ₹128.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 58.29% |
| Net Asset Value (NAV): | ₹ 220.29 |
Envirotech Systems IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Private Limited
Company Address
- Envirotech Systems IPO Limited
- A-29, Block-A,
- Shyam Vihar Phase-I,
- New Delhi – 110043
- Phone: +0120-4337633
- Email: cs@envirotechltd.com
- Website: https://www.envirotechltd.com/
Envirotech Systems IPO FAQs
What is the Envirotech Systems IPO?
The Envirotech Systems IPO is an SME IPO through which the company aims to raise ₹30.24 crores. The issue is priced between ₹53 and ₹56 per equity share and will be listed on the NSE.
When will the Envirotech Systems IPO open for subscription?
The IPO will open for subscription on September 13, 2024, for QIB, NII, and Retail Investors, and will close on September 19, 2024.
What is the investors’ portion for the Envirotech Systems IPO?
The allocation is divided as follows: 50% for QIB, 15% for NII, and 35% for Retail Investors.
How can I apply for the Envirotech Systems IPO?
You can apply for the Envirotech Systems IPO via ASBA online through your bank account. Alternatively, you can apply using UPI through your stockbroker or by filling out an offline form with your broker.
What is the issue size of the Envirotech Systems IPO?
The issue size for the Envirotech Systems IPO is ₹30.24 crores.
