Envirotech Systems 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 bidding opened for subscription on September 13, 2024 and will close on September 18, 2024. The allotment for the Envirotech Systems IPO is expected to be finalized on Thursday, September 19, 2024. Envirotech Systems IPO will list on NSE SME with tentative listing date fixed as Monday, September 23, 2024.
Envirotech Systems IPO price band is set at ₹53 to ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹224,000.
Below are the details of Envirotech System Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Envirotech System IPO Details
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 13,390,000 |
| Share holding post issue | 18,790,000 |
| Market Maker portion | 702,000 shares |
Envirotech System IPO Timeline
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Wednesday, September 18, 2024 |
| Basis of Allotment | Thursday, September 19, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| Credit of Shares to Demat | Friday, September 20, 2024 |
| Listing Date | Monday, September 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2024 |
Envirotech System IPO Lot Size
| 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 Reservations
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 14,06,000 (26.04%) |
| Market Maker Shares Offered | 7,02,000 (13%) |
| QIB Shares Offered | 9,40,000 (17.41%) |
| NII (HNI) Shares Offered | 7,06,000 (13.07%) |
| Retail Shares Offered | 16,46,000 (30.48%) |
| Total Shares Offered | 54,00,000 (100%) |
Envirotech System IPO Promoter Holdings
Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta are the promoters of the company.
| Share Holding Pre Issue | 96.48% |
| Share Holding Post Issue | 68.75% |
Envirotech System IPO 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 System 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 fund for medium term.