Envirotech Systems Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 13, 2024 to September 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 53 to ₹ 56 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 54,00,000 shares (aggregating up to ₹ 30.24 Cr) |
| Fresh Issue | 54,00,000 shares (aggregating up to ₹ 30.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,33,90,000 |
| Share holding post issue | 1,87,90,000 |
| Market Maker portion | 7,02,000 shares Share India Securities |
About Envirotech Systems Limited IPO And Its GMP
Envirotech Systems Limited is a leading acoustic products manufacturing organization specializing in noise measurement and control for industrial and commercial applications. Incorporated in 2007, they have expanded their capabilities to include innovative acoustical product design and manufacturing.
With over 98 employees and a network of technical experts, the company offers cost-effective solutions for various acoustical challenges in industrial, commercial, architectural and environmental markets. Their comprehensive services encompass research, cost-benefit analysis and engineering solutions to provide customers with the most efficient noise abatement solutions.
Envirotech Systems Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
EnNutrica IPO Anchor Investors Details
| Bid Date | September 12, 2024 |
| Shares Offered | 1,406,000 |
| Anchor Portion Size (In Cr.) | 7.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 18, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 17, 2024 |
Company & Financials
Founded in 2007, Envirotech Systems Limited manufactures noise measurement and control solutions for industrial and commercial applications. Envirotech Systems specializes in the design and supply of custom enclosures for noise reduction in machinery and mechanical equipment, suitable for both indoor and outdoor applications. The company's product list includes Noise Test Booth, Engine Test Room Acoustics, Anechoic & Semi-anechoic Chamber, Acoustic Enclosure, Envirotech Noise Barriers, PolyCarbonate Noise Barriers, Metallic Noise Barriers, Echo Barriers, Acoustic Louvers and Envirotech Metal Doors. The company offers its services across India and has a track record of successful projects in industries such as oil and gas, manufacturing, power generation, cement and steel, automotive and construction.
Objectives of Envirotech Systems IPO
-
The Company proposes to utilize the funds that are being raised towards funding the following objectives and achieve the benefits of listing on the Emerge Platform of NSE:
- 1. Purchase Land and Buildings for setting up the factory.
- 2. Funding of working capital requirements of the Company.
- 3. General Corporate Purpose.
Envirotech Systems IPO Review
The company is in the business of noise measurement and control acoustic system manufacturing and servicing business. It marked growth in its top lines for the last three fiscals, however, the boosted net profit for FY24 raises eyebrows and concern over its sustainability. It appears that this pre-IPO performance is to support the fancy valuation. The company is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for the medium term.
Envirotech Systems Limited IPO And Its GMP Financial Information
Latest Revenue
4,687.95
₹ Crore
Profit After Tax
1,142.88
₹ Crore
Net Worth
1,960.62
₹ Crore
Total Borrowing
240.5
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 3,867.47 | 4,687.95 | 1,142.88 | 1,960.62 | 240.5 | ||||
| 31 Mar 2023 | 2,275.73 | 2,874.78 | 257.34 | 661.73 | 260.67 | ||||
| 31 Mar 2022 | 1,386.51 | 1,849.54 | 105.73 | 404.4 | 276.61 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹56 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹4783 and a lot size of 2000 shares.
Envirotech Systems Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-24 | ₹56 | ₹47 (83.93%) | 2024-09-24 |
| 2024-09-23 | ₹56 | ₹47 (83.93%) | 2024-09-23 |
| 2024-09-20 | ₹56 | ₹45 (80.36%) | 2024-09-20 |
Envirotech Systems Limited IPO And Its GMP Key Performance Indicator
| 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Objectives of Envirotech Systems IPO
The Company proposes to utilize the funds that are being raised towards funding the following objectives and achieve the benefits of listing on the Emerge Platform of NSE:
1. Purchase Land and Buildings for setting up the factory.
2. Funding of working capital requirements of the Company.
3. General Corporate Expenses.
4. Issue Expenses.
Download regulatory filings
Envirotech Systems Limited IPO And Its GMP IPO Timeline
| 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 |
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |