Envirotech Systems Limited IPO Overview
Envirotech Systems is launching an IPO of ₹30.24 crores with a fresh issue of 54 lakh shares. The IPO opens on September 13, 2024, and closes on September 17, 2024, with allotment on September 18 and a tentative listing on NSE SME on September 20. The price band is ₹53-₹56 per share.
The minimum lot size is 2,000 shares (₹112,000) for retail investors and 4,000 shares (₹224,000) for HNIs. Share India Capital Services is the lead manager, and Bigshare Services is the registrar. Refer to the Envirotech Systems IPO RHP for details.
Envirotech Systems Limited IPO Important dates
Envirotech Systems IPO opens on September 13, 2024, and closes on September 17, 2024.
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Tuesday, September 17, 2024 |
| Basis of Allotment | Wednesday, September 18, 2024 |
| Initiation of Refunds | Thursday, September 19, 2024 |
| The credit of Shares to Demat | Thursday, September 19, 2024 |
| Listing Date | Friday, September 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 17, 2024 |
Envirotech Systems Limited Financial Performance
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹38.67 crore | ₹22.76 crore | ₹13.87 crore |
| Revenue | ₹46.88 crore | ₹28.75 crore | ₹18.50 crore |
| Profit After Tax (PAT) | ₹11.43 crore | ₹2.57 crore | ₹1.06 crore |
| Net Worth | ₹19.61 crore | ₹6.62 crore | ₹4.04 crore |
| Reserves and Surplus | ₹6.22 crore | ₹6.12 crore | ₹3.54 crore |
| Total Borrowing | ₹2.41 crore | ₹2.61 crore | ₹2.77 crore |
Envirotech Systems Limited IPO Key Performance Indicator
The market capitalization of Envirotech Systems IPO is Rs 105.22 Cr. KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 58.29% |
| ROCE | 62.43% |
| RoNW | 58.29% |
| P/BV | 3.83 |
| PAT Margin (%) | 24.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.54 | 6.08 |
| P/E (x) | 6.56 | 9.21 |
Envirotech Systems Limited IPO Objectives
The Company proposes to utilize the funds that are being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE:
- Purchase Land and Building for setting up a factory
- Funding of working capital requirements of the Company
- General Corporate Expenses
- Issue Expenses
Envirotech Systems Limited IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |
Envirotech Systems Limited IPO Details
| IPO Date | September 13, 2024 to September 17, 2024 |
| Listing Date | [September 20, 2024] |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 13,390,000 |
| Shareholding post issue | 18,790,000 |
| Market Maker portion | 702,000 shares Share India Securities |
Envirotech Systems Limited Company Overview and Services
Founded in 2007, Envirotech Systems Limited specializes in manufacturing noise measurement and control solutions for industrial and commercial applications. The company offers a wide range of products, including Noise Test Booths, Engine Test Room Acoustics, Anechoic and Semi-anechoic Chambers, Acoustic Enclosures, Noise Barriers (including Polycarbonate and Metallic types), Echo Barriers, Acoustic Louvers, and Metal Doors. Their solutions are tailored for both indoor and outdoor use.
Diverse Industry Applications and Market Reach
Envirotech Systems serves clients across India, with successful projects in sectors like oil and gas, manufacturing, power generation, cement and steel, automotive, and construction. The company’s early entry into the acoustic insulation sector provides a competitive edge, along with over two decades of industry experience from its promoters.
Competitive Strengths and Expertise
- Experienced Team and Leadership: Led by industry experts with extensive experience, Envirotech Systems boasts a skilled technical team ensuring competent project execution.
- Focus on R&D and Innovation: A strong commitment to research and development keeps the company at the forefront of innovation in noise control.
- Strategic Partnerships: Collaborations with industry experts enhance technical expertise and market knowledge.
- Quality Assurance: Products undergo rigorous testing and are certified by recognized government bodies, affirming their quality and reliability.
- Strong Market Presence: With an extensive customer database across various segments, Envirotech Systems has established a solid market presence and earned trust.
Envirotech Systems employs over 98 people, contributing to its strong market position and growth potential in the noise control industry.
Envirotech Systems Limited IPO SWOT Analysis
Strengths:
- Strong Market Presence: Envirotech Systems has an established presence in its industry, which can help attract investors.
- Fresh Issue of Shares: The IPO is entirely a fresh issue, allowing the company to raise capital without diluting existing shareholders’ stakes.
- Diverse Product Range: A broad product portfolio may help the company mitigate risks associated with a single market segment.
Weaknesses:
- Dependence on Market Conditions: Performance may be affected by economic fluctuations and market demand.
- Limited Scale: Being listed on NSE SME suggests a smaller scale, which might limit growth prospects and investor interest.
- High Minimum Investment: The high minimum investment for retail investors may reduce the investor base.
Opportunities:
- Raising Capital for Expansion: Funds raised can be used for expanding operations, entering new markets, or improving product offerings.
- SME Growth Potential: Listing on the NSE SME provides visibility and access to capital, which can drive growth.
- Growing Market Demand: If the industry demand is on an upward trend, it presents a good opportunity for expansion.
Threats:
- Market Volatility: Market conditions may impact the IPO’s success and share performance.
- Regulatory Risks: Changes in regulations could affect operations and profitability.
- Competitive Pressure: The company faces competition from larger, established players, which may affect market share and growth.
Envirotech Systems Limited IPO GMP Details
Envirotech Systems SME IPO last GMP is ₹0, last updated Sep 11th, 2024. With a price band of 56.00, Envirotech Systems SME IPO’s estimated listing price is ₹56 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.
Stay with us to know the daily price trend of Envirotech Systems SME IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 11-09-2024 | 56.00 | ₹0  |
— | ₹56 (0%) | 11-Sep-2024 |
| 10-09-2024 | 56.00 | ₹0 |
— | ₹56 (0%) | 10-Sep-2024 |
| 09-09-2024 | 56.00 | ₹0 |
— | ₹56 (0%) | 9-Sep-2024 |
| 08-09-2024 | 56.00 | ₹0 |
— | ₹56 (0%) | 8-Sep-2024 |
| 07-09-2024 | 56.00 | ₹0 |
— | ₹56 (0%) | 7-Sep-2024 |
| 06-09-2024 | 56.00 | ₹0 |
— | ₹56 (0%) | 6-Sep-2024 |
Envirotech Systems Limited IPO subscription status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Envirotech Systems Limited IPO Allotment status
The allotment status of Envirotech Systems IPO is expected to be available on September 18, 2024.
Envirotech Systems IPO allotment status is not available at this time. Envirotech Systems IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Envirotech Systems Limited’s IPO allotment status.
To check Envirotech Systems IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number, or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.
Envirotech Systems Limited 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/
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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