Envirotech Systems Limited IPO

Envirotech Systems Limited IPO opens on  September 13, 2024, and closes on September 17, 2024. The allotment for the Envirotech Systems Limited IPO is anticipated to be completed on Wednesday, September 18, 2024. The IPO will be tentatively listed on the NSE and SME on  Friday, September 20, 2024.

Envirotech Systems Limited IPO’s price band is Rs 53 to Rs 56 per share. The IPO is a book-built issue of Rs 30.24 crores. The issue is entirely a fresh issue of 54 lakh shares.

Envirotech Systems IPO Details

Envirotech Systems 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.

Envirotech Systems 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:

1. Purchase Land and Building for setting up the factory
2. Funding of working capital requirements of the Company
3. General Corporate Expenses
4. Issue Expenses

About Envirotech Systems Limited

Founded in 2007, Envirotech Systems Limited specializes in custom noise measurement and control solutions, including noise test booths, acoustic enclosures, and noise barriers for both industrial and commercial applications. With a track record across sectors like oil and gas, manufacturing, and construction, the company leverages over two decades of expertise, a dedicated technical team, and robust R&D efforts to lead in innovation. Their products, certified for quality and reliability, and strategic partnerships enhance their market presence in India, supported by a workforce of 98 skilled professionals.

Envirotech Systems Limited Financial Information

Envirotech Systems IPO Reservation

Envirotech Systems IPO Timeline

Envirotech Systems IPO opens on September 13, 2024, and closes on September 17, 2024.