Envirotech Systems Limited IPO

NiftyTrader • September 12, 2024

Post Views: 390

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

IPO Date	September 13, 2024 to September 17, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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

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.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹112,000
Retail (Max)	1	2000	₹112,000
S-HNI (Min)	2	4000	₹224,000

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:

Purchase Land and Building for setting up the factory
Funding of working capital requirements of the Company
General Corporate Expenses
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

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,867.47	2,275.73	1,386.51
Revenue	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

Envirotech Systems IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	Not less than 35.00% of the Net Issue
QIB Shares Offered	Not more than 50.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Envirotech Systems IPO Timeline

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
A 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