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 |
