Envirotech Systems Ltd. was incorporated on February 09, 2007. The company \manufactures acoustic products, specializing in noise measurement and control for industrial and commercial applications. It has expanded its capabilities to include innovative design and manufacturing of acoustical products.
| Bidding Dates |
|---|
| 13 Sep 2024 - 19 Sep 2024 |
| Subscription |
|---|
| 75.73x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,06,000 | 1 | 1 | 2000 | 5.4 M | ₹53 - ₹56 | 68.75 % | ₹286.2 M - ₹302.4 M | RHP DOC |
Envirotech Systems Ltd. IPO SUBSCRIPTION STATUS
19 Sep '24Envirotech Systems Ltd. IPO overall subscription rate was 75.73 times the total available shares
Envirotech Systems Ltd. IPO retail subscription rate was 75.55 times in the retail segment
Envirotech Systems Ltd. IPO non-institutional investor subscription rate was 221.71 times in the non-institutional investor category
Envirotech Systems Ltd. IPO Qualified Institutional Bidder subscription rate was 32.06 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Sep 2024 (Day 5) | 75.55x | 221.71x | 32.06x |
18 Sep 2024 (Day 4) | 40.34x | 16.31x | 1.45x |
17 Sep 2024 (Day 3) | 27.3x | 10.75x | 1.45x |
16 Sep 2024 (Day 2) | 16.6x | 6.54x | 0x |
13 Sep 2024 (Day 1) | 4.94x | 2.7x | 0x |
Envirotech Systems Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 114.3 | 450.2 | 48.9 | 48.9 | 35.9% |
| FY23 | 25.7 | 271.5 | -1.0 | -1.0 | 14.3% |
| FY22 | 10.6 | 175.2 | 15.5 | 15.5 | 10.9% |
Envirotech Systems Ltd. IPO SUBSCRIPTION STATUS DETAILS
Envirotech Systems Ltd. had 5.4 M shares on offer
Envirotech Systems Ltd. IPO offer price was in the range ₹53 - ₹56
Envirotech Systems Ltd. IPO minimum Investment was ₹106000
Envirotech Systems Ltd. IPO issue size was ₹ 286.2 M - ₹ 302.4 M
Envirotech Systems Ltd. had a minimum lot size of 2000 Shares per application
Envirotech Systems Ltd. NUMBER OF SHARES ON OFFER
Envirotech Systems Ltd. IPO IMPORTANT DATES
| Issue Open Date | 13 Sep 2024 |
| Issue close Date | 19 Sep 2024 |
| Allotment Date | 20 Sep 2024 |
| Refund Date | 23 Sep 2024 |
| Demat Account Credit Date | 23 Sep 2024 |
| Listing Date | 24 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Envirotech Systems Ltd. Allotment Status | Exchange |
Envirotech Systems Ltd. IPO subscription opened on 13 Sep 2024, and closed on 19 Sep 2024
IPO allotment for Envirotech Systems Ltd. was finalized on Friday, 20 Sep 2024
IPO listing for Envirotech Systems Ltd. was on NSE on Tuesday, 24 Sep 2024
Envirotech Systems Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 56.0 |
| Listing Open Price | 106.4 |
| Listing Close Price | 111.7 |
| Listing Gain% | 90.0% |
| Current Gain% | 35.7% |
Envirotech Systems Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Envirotech Systems Ltd. | 76 | 142.8 | 11.8 | -0.8 | 2.4 | 15.9 | 11.8 | 58.4 | 11.9 | 12.1 | -13.9 | 6.4 | -13.9 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Envirotech Systems Ltd. INFORMATION ON IPO ISSUE
About Envirotech Systems Ltd.
Envirotech Systems Ltd. was incorporated on February 09, 2007. The company \manufactures acoustic products, specializing in noise measurement and control for industrial and commercial applications. It has expanded its capabilities to include innovative design and manufacturing of acoustical products.
Object of the Issue
- Purchase land and building for setting up a factory.
- Funding of working capital requirements of the company.
- General corporate expenses.
- Issue expenses.
Envirotech Systems Ltd. - PROMOTERS
| Name |
|---|
| Manoj Kumar Gupta |
| Sindhu Gupta |
Envirotech Systems Ltd. Lead Manager of the Issue
Share India Capital Services Private Limited
kunal.bansal@shareindia.co.in
Envirotech Systems Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Envirotech Systems Ltd. Strengths
Well-developed distribution network
The company's distribution and marketing network ensures product availability, resulting in an efficient supply chain, focused customer service, and quick turnaround times for product delivery.
Quality assurance
The company maintains quality control through trained inspectors, ensuring high standards in both product quality and final delivery.
Envirotech Systems Ltd. Risks
Legal proceedings
The company, along with its promoters, directors, and group companies, is involved in certain legal proceedings. Any unfavorable outcome in these cases could significantly impact the company's business, operations, and financial condition.
Few customers
A significant portion of the company's revenue relies on a few key customers. In FY24, the top 10 customers contributed approximately 50.4% of total revenue. The loss of any major client could impact the company's business operations and profitability.
IPO FAQs
The promoters of the company are Manoj Kumar Gupta and Sindhu Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 53.0 - 56.0.
The IPO application opens on Sep 13, 2024 and closes on Sep 19, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 106,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Sep 20, 2024.
The refund will be credited to your account on Sep 23, 2024.
The allotted shares will be credited to your demat on Sep 23, 2024.
Envirotech Systems Ltd.’s shares listed on the stock exchanges on Sep 24, 2024.