The book-built IPO for Envirotech Systems is priced at Rs 30.24 crores. The 54 lakh shares are being issued fully anew.
The subscription period for the Envirotech Systems IPO begins on September 13, 2024, and ends on September 18, 2024. On Thursday, September 19, 2024, the allocation for the Envirotech Systems IPO is anticipated to be completed. The proposed listing date for Envirotech Systems’ initial public offering (IPO) on NSE SME is set for Monday, September 23, 2024.
The IPO price range for Envirotech Systems is ₹53 to ₹56 per share. An application must have a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹112,000. HNI requires a minimum lot size investment of two lots, or 4,000 shares, totaling ₹240,000.
The registrant of the Envirotech Systems IPO is Bigshare Services Pvt Ltd, while the book running lead manager is Share India Capital Services Private Limited. Share India Securities is acting as the market maker for the IPO of Envirotech Systems.
Envirotech Systems IPO Details
| IPO Date | September 13,2024 to September 17, |
| Listing Date | [.] |
| Face Value | Rs.10 per share |
| Price Band | Rs.53 to Rs.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) |
| Listing At | NSE,SME |
| Share holding pre issue | 13,390,000 |
| Share holding post issue | 18,790,000 |
| Market Maker portion | 702,000 shares |
Envirotech Systems IPO Timeline (Tentative Schedule)
On September 13, 2024, Envirotech Systems will open for business, and it will end 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 |
| 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 |
Envirotech Systems IPO Reservation
Reservation for Envirotech Systems’ IPO is as follows
| Investor Category | Shares Offered |
| QIB Shares Offered | Not to exceed 50% of the Offer. |
| Retail Shares Offered | A minimum of 35.0% of the Net Issue. |
| NII (HNI) Shares Offered | A minimum of 15% of the Net Issue. |
Envirotech System IPO Lot Size-
A least possible of 2000 shares, as well as multiples of those, are up for bid. The lowest and highest share and amount commitments made by HNIs and retail investors are shown in the table below.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |
Envirotech System IPO Promoter Holding-
The company’s promoters are Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta.
| Share Holding Pre Issue | 96.48% |
| Share Holding Post Issue | 68.75% |
Envirotech System IPO Anchor Investors Details-
Anchor investors contribute Rs 7.87 crore to Envirotech Systems’ IPO. September 12, 2024 is the IPO anchor bid date for Envirotech Systems.
| 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 |
About Envirotech Systems Limited-
Envirotech Systems Limited started out in 2007 and provides industrial and commercial clients with noise analyzing and leadership solutions.
Envirotech Systems is an expertise in developing and offering customised enclosures for mechanical equipment and machinery that may be used indoors or outdoors. Anechoic & Semi-anechoic Chamber, Acoustic Enclosure, Envirotech Noise Barriers, Poly Carbonate Noise Barriers, Metallic Noise Barrier, Echo Barrier, Acoustic Louvers, and Envirotech Metal Doors are among the products offered by the company.
With a record of successful projects in fields like manufacturing, power generation, oil and gas, cement and steel, automotive, and construction, the company delivers its services everywhere in India.
Company Financials
The financial information for Envirotech Systems Limited has been updated.
Between March 31, 2024, and the end of the fiscal year 2023, Envirotech Systems Limited’s profit after tax (PAT) increased by 344%, while the company’s revenue increased by 63%.
| 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 |
Objects of the Issue (Envirotech System Limited)
Envirotech System intends to put the money received to fund its objectives and get the rewards of being placed on the NSE Emerge Platform:
Buying land and a building to build a manufacturing plant
payment of the company’s working financing requirements
Expenses Linked with General Corporate
Envirotech System Limited Contact Details
Envirotech System Limited
A-29, Block-A, Shyam Vihar Phase-I,
New Delhi – 110043
Phone: +0120-4337633
Email: cs@envirotechltd.com
Website: https://www.envirotechltd.com/
Envirotech System IPO Registrar-
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Envirotech System Limited IPO: FAQs
What is Envirotechsystem IPO?
The 5,400,000 equity shares in Envirotech Systems are part of an SME IPO with a face value of ₹10, totaling up to ₹30.24 crores. The share price of the issue is between ₹53 and ₹56. 2000 shares is the minimum order quantity.
When Envirotech System IPO will open?
Dates of the Envirotech Systems initial public offering (IPO) include September 13, 2024, and September 17, 2024.
When is the Envirotech System IPO allotment?
On Wednesday, September 18, 2024, the Basis of Allotment for Envirotech Systems IPO will be finalized. By Thursday, September 19, 2024, the assigned shares will be credited to your demat account.
When is the Envirotech System IPO listing date?
There’s no date yet on when Envirotech Systems’ IPO will go live. Friday, September 20, 2024, is the estimated date of Envirotech Systems’ first public offering (IPO).
What is the lot size of the Envirotech System IPO?
Envirotech Systems’ initial public offering (IPO) lot size is 2000 shares, according to the ₹112,000 minimum required.
