September 11, 2024
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Envirotech Systems listing Review
Envirotech Systems IPO allotment Link
What is the latest grey market premium of Envirotech Systems IPO?
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Subscription status of Envirotech Systems IPO
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What is the business of Envirotech Systems?
Envirotech Systems Limited is a leading acoustic products manufacturing organization specializing in noise measurement and control for industrial and commercial applications. Incorporated in 2007, it has expanded its capabilities to include innovative acoustical product design and manufacturing. With over 98 employees and a network of technical experts, it offers cost-effective solutions for various acoustical challenges in industrial, commercial, architectural, and environmental markets. Its comprehensive services encompass research, cost-benefit analysis, and engineering solutions to provide you with the most efficient noise abatement solutions
Get more information about the company @ https://www.envirotechltd.com/
Envirotech Systems IPO Details | |
| IPO opens on | 13 September 2024 |
| IPO closes on | 17 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5400000 Shares / Rs 30.24 Crore |
| * Fresh Issue | 5400000 Shares / Rs 30.24 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 702000 Shares |
| Net offer to Public | 4698000 Shares/ Rs.26.31 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.53-56 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2349000 | 26.31 |
| NII (15%) | 704700 | 3.95 |
| RII (35%) | 1644300 | 9.21 |
| Total Shares | 4698000 | 26.31 |
| Retail portion will be oversubscribed by | 822 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.112000 |
| Min HNI Application | 4000 Shares | Rs.224000 |
Who are the Promoters of Envirotech Systems IPO?
Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta are the promoters of the company.
What are the Objects of Envirotech Systems IPO?
The Offer comprises of fresh issue of shares.
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
Tentative timetable | |
| IPO opens on | 13 September 2024 |
| IPO Closes on | 17 September 2024 |
| IPO Allotment on | 18 September 2024 |
| Refund Initiation | 19 September 2024 |
| Credit of Shares | 19 September 2024 |
| Listing on | 20 September 2024 |
| Registered Office of the Company Envirotech Systems Limited A-29, Block-A, Shyam Vihar Phase-I, New Delhi – 110043 |
| Who is the Lead Manager of this IPO? Share India Capital Services Pvt ltd |
Who is the Registrar to IPO? |
Envirotech Systems IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Envirotech Systems IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 18.50 | 1.06 | 0.81 | 70.81 |
| 2022-23 | 28.75 | 2.57 | 1.98 | 60.96 |
| 2023-24 | 46.88 | 11.43 | 8.54 | 20.90 |
| Book Value of the Share on 31.03.2024 | Rs | 14.64 | ||
| BV of the Share at cap price after IPO | Rs. | |||
| Offer Price/upper band | Rs. | 56 | ||
IPO | |
| Price/EPS of 23-24 | 6.87 |
| Price/BV Ratio | – |
| Price/BV after IPO | 3.82 |
How Envirotech Systems IPO compares with the Peers?
The company believes there is no other listed company which is specifically comparable to it w.r.t its business model, size and financials
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Envirotech Systems IPO Review
Envirotech Systems Limited is a leading acoustic products manufacturing organization specializing in noise measurement and control for industrial and commercial applications.
Size: Net size of the IPO is Rs.26.31 crore, comprising of 4698000 shares. The size of the IPO is not very small and because of large number of IPOs opening this week, the huge oversubscription may not be seen.
Financial Snapshot: The company has shown sharp rise in its bottom-line in the year prior to the IPO.
+ from fundamental angle: May Apply.
+ from grey market angle: ?
Quicklinks
Envirotech Systems IPO IPO GMP today allotment, review?
Envirotech Systems IPO IPO GMP grey market premium
Envirotech Systems IPO FAQs
What is Envirotech Systems IPO?
This is a SME IPO of 5400,000 equity shares of the face value of Rs. 10 aggregating up to Rs.30.24 Crores. The issue is priced at Rs.53-56 per share. The minimum order quantity is 2000 Shares.
When will Envirotech Systems IPO subscription open?
Envirotech Systems IPO opens on September 13, 2024, and closes on September 17, 2024.
What is the lot size of Envirotech Systems IPO?
Envirotech Systems IPO lot size is 2000 Shares, and the minimum amount required is Rs.112000
How to apply for Envirotech Systems IPO?
You can apply in Excellent Wires IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Excellent Wires IPO allotment?
The finalization of Basis of Allotment for Envirotech Systems IPO will be done on September 18, 2024, and the allotted shares will be credited to your demat account by September 19, 2024.
When is Envirotech Systems IPO listing date?
Envirotech Systems IPO listing date is September 20, 2024.
