The IPO of Envirotech Systems is set as a book-built issue with a total of Rs 30.24 crores. The issue consists entirely of a fresh issue of 54 lakh shares.
The IPO of Envirotech Systems is scheduled to open for subscription on September 13, 2024, and close on September 17, 2024. The finalization of the allotment for the Envirotech Systems IPO is expected to take place on Wednesday, September 18, 2024. The listing of the Envirotech Systems IPO on NSE SME is anticipated, with the tentative listing date set for Friday, September 20, 2024.
The price band for the Envirotech Systems IPO is set between ₹53 and ₹56 per share. A minimum lot size of 2000 shares is required for an application. The minimum investment amount required by retail investors is ₹112,000. For HNI investors, the minimum lot size investment is set at 2 lots (4,000 shares), amounting to ₹224,000.
Refer to Envirotech Systems IPO RHP for brief information.
| IPO Date | September 13, 2024 to September 17, 2024 |
| Listing Date | September 20, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 53 to ₹ 56 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,400,000 share (Aggregating up to ₹30.24 Cr) |
| Fresh Issue | 5,400,000 (Aggregating up to ₹30.24 Cr) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,390,000 |
| Share holding post issue | 18,790,000 |
| Market Maker portion |
Envirotech Systems Limited IPO opens on September 13, 2024, and closes on September 17, 2024.
| IPO Open Date | September 13, 2024 |
| IPO Close Date | September 17, 2024 |
| Basis of Allotment | September 18, 2024 |
| Initiation of Refunds | September 19, 2024 |
| Credit of Shares to Demat | September 19, 2024 |
| Listing Date | September 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM, September 17, 2024 |
A minimum of 2000 shares can be bid for by investors, with additional shares being bid in multiples thereof. The minimum and maximum investments by retail investors and HNI, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs.112,000 |
| Retail (Max) | 1 | 2,000 | Rs.112,000 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | 2 | 4,000 | Rs.224,000 |
| HNI (Min) |
| Share Holding Pre Issue | 96.48% |
| Share Holding Post Issue | 68.75% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Offer |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Envirotech Systems IPO raises Rs 7.87 crore from anchor investors. Envirotech Systems IPO Anchor bid date is September 12, 2024.
| Bid Date | |
| Shares Offered | |
| 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 |
Envirotech Systems is one of the top producers of acoustic products and specializes in noise control and monitoring systems for commercial and industrial use. Since its founding in 2007, the business has grown to cover the creative design and production of acoustical products.
The company provides a wide range of services, such as engineering solutions, cost-benefit analysis, research, and noise reduction. The company uses cutting-edge machinery and technology, and its factory has around 21,520 square feet of workspace used for various uses. They provide affordable solutions for a range of acoustical difficulties in a variety of markets, thanks to their network of technical specialists and more than 98 workers. The business has offered noise reduction solutions to a wide range of industrial industries, including steel, power generation, oil and gas, and cement.
In order to increase the scope of identifying the core customer base and creating effective marketing strategies for project procurement and collaboration, the company has established a wide range of networking channels within the industry. This allows it to provide clients with personalized solutions.
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% |
| Debt/Equity | |
| 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 |
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
The funds being raised are proposed to be utilized by the company towards funding the following objects and achieving the benefits of listing on the Emerge Platform of NSE:
- Purchase Land and Building for setting up factory
- Funding of working capital requirements of the Company
- General Corporate Expenses
- Issue Expenses
Envirotech Systems Limited A-29, Block-A, |
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