Envirotech Systems IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 13 to Sep 19 2024
Price Band
₹53 - 56
Current GMP
₹106.4(90.0%)
Subscription
91.67 times
IPO Details
| IPO Date | September 13, 2024 to September 19, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| 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 Share India Securities |
IPO Date
September 13, 2024 to September 19, 2024
Listing Date
Tuesday, September 24, 2024
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 Share India Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 68.12 |
| Non-Institutional Buyers*** | 187.14 |
| Retail Investors | 64.16 |
| Total ** | 91.67 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
68.12
Non-Institutional Buyers***
187.14
Retail Investors
64.16
Total **
91.67
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 13, 2024 | 0.00 | 2.33 | 4.43 | 2.71 |
| Day 2 Sep 16, 2024 | 0.00 | 3.12 | 11.38 | 6.36 |
| Day 3 Sep 17, 2024 | 3.07 | 8.17 | 23.38 | 14.32 |
| Day 4 Sep 18, 2024 | 3.07 | 12.05 | 32.94 | 19.93 |
| Day 5 Sep 19, 2024 | 68.12 | 187.14 | 64.16 | 91.67 |
DayDay 1
Sep 13, 2024
QIB0.00
NII*2.33
Retail4.43
Total2.71
DayDay 2
Sep 16, 2024
QIB0.00
NII*3.12
Retail11.38
Total6.36
DayDay 3
Sep 17, 2024
QIB3.07
NII*8.17
Retail23.38
Total14.32
DayDay 4
Sep 18, 2024
QIB3.07
NII*12.05
Retail32.94
Total19.93
DayDay 5
Sep 19, 2024
QIB68.12
NII*187.14
Retail64.16
Total91.67
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 24-09-2024 | 56.00 | 47(83.93%) | 103 |
| 23-09-2024 | 56.00 | 47(83.93%) | 103 |
| 22-09-2024 | 56.00 | 47(83.93%) | 103 |
| 21-09-2024 | 56.00 | 47(83.93%) | 103 |
| 20-09-2024 | 56.00 | 45(80.36%) | 101 |
| 19-09-2024 | 56.00 | 45(80.36%) | 101 |
| 18-09-2024 | 56.00 | 0(0.0%) | 56 |
| 17-09-2024 | 56.00 | 0(0.0%) | 56 |
| 16-09-2024 | 56.00 | 0(0.0%) | 56 |
| 15-09-2024 | 56.00 | 0(0.0%) | 56 |
| 14-09-2024 | 56.00 | 0(0.0%) | 56 |
| 13-09-2024 | 56.00 | 0(0.0%) | 56 |
| 12-09-2024 | 56.00 | 0(0.0%) | 56 |
| 11-09-2024 | 56.00 | 0(0.0%) | 56 |
| 10-09-2024 | 56.00 | 0(0.0%) | 56 |
| 09-09-2024 | 56.00 | 0(0.0%) | 56 |
| 08-09-2024 | 56.00 | 0(0.0%) | 56 |
| 07-09-2024 | 56.00 | 0(0.0%) | 56 |
| 06-09-2024 | 56.00 | 0(0.0%) | 56 |
Date24-09-2024
Price56.00
GMP47(83.93%)
Estimate List Price103
Date23-09-2024
Price56.00
GMP47(83.93%)
Estimate List Price103
Date22-09-2024
Price56.00
GMP47(83.93%)
Estimate List Price103
Date21-09-2024
Price56.00
GMP47(83.93%)
Estimate List Price103
Date20-09-2024
Price56.00
GMP45(80.36%)
Estimate List Price101
Date19-09-2024
Price56.00
GMP45(80.36%)
Estimate List Price101
Date18-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date17-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date16-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date15-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date14-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date13-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date12-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date11-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date10-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date09-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date08-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date07-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
Date06-09-2024
Price56.00
GMP0(0.0%)
Estimate List Price56
IPO Important Dates
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Thursday, September 19, 2024 |
| Basis of Allotment | Friday, September 20, 2024 |
| Initiation of Refunds | Monday, September 23, 2024 |
| Credit of Shares to Demat | Monday, September 23, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
IPO Open Date
Friday, September 13, 2024
IPO Close Date
Thursday, September 19, 2024
Basis of Allotment
Friday, September 20, 2024
Initiation of Refunds
Monday, September 23, 2024
Credit of Shares to Demat
Monday, September 23, 2024
Listing Date
Tuesday, September 24, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 19, 2024
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 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹112,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹112,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹224,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20243,867.47
31 Mar 20232,275.73
31 Mar 20221,386.51
Period EndedRevenue
31 Mar 20244,687.95
31 Mar 20232,874.78
31 Mar 20221,849.54
Period EndedProfit After Tax
31 Mar 20241,142.88
31 Mar 2023257.34
31 Mar 2022105.73
Period EndedNet Worth
31 Mar 20241,960.62
31 Mar 2023661.73
31 Mar 2022404.4
Period EndedReserves and Surplus
31 Mar 2024621.62
31 Mar 2023611.73
31 Mar 2022354.4
Period EndedTotal Borrowing
31 Mar 2024240.5
31 Mar 2023260.67
31 Mar 2022276.61
Key Performance Indicator
| ROE | 58.29% |
| ROCE | 62.43% |
| RoNW | 58.29% |
| P/BV | 3.83 |
| PAT Margin (%) | 24.72 |
| EPS (Rs) | 8.54 |
ROE
58.29%
ROCE
62.43%
RoNW
58.29%
P/BV
3.83
PAT Margin (%)
24.72
EPS (Rs)
8.54
IPO Reservation
| 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%) |
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%)
Information about company
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, Poly Carbonate Noise Barriers, Metallic Noise Barrier, Echo Barrier, 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.
Competitive Strengths:
Early entry into the Acoustic Insulation sector has given the company a distinct competitive advantage.
The promoters have more than two decades of valuable experience in the industry, giving the company an in-depth understanding of market dynamics.
An accomplished technical team with a wealth of experience in project execution ensures competent project execution across a wide spectrum.
A strong commitment to research and development and continuous product development that enables the company to remain at the forefront of innovation.
The company has entered into strategic partnerships with industry experts that enhance its technical expertise and market knowledge.
All product ranges undergo rigorous testing and receive certifications from recognized government bodies that confirm their quality and reliability.
An extensive customer database covering various segments underlines the company's strong market presence and trust.
The company employs over 98 people.
Objectives of IPO
The Company proposes to utilize the funds which 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 factory
Funding of working capital requirements of the Company
General Corporate Expenses
Issue Expenses
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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