Envirotech Systems IPO is set to open on September 13, 2024, and will close on September 17, 2024. This SME IPO will raise approximately ₹30.24 crores through a Book Built Issue. The IPO comprises a fresh issue of ₹30.24 crores, and it will be listed on NSE on September 20, 2024. With a price band of ₹53 to ₹56 per share, investors are closely monitoring this opportunity.
Envirotech Systems IPO Overview
| Particulars | Details |
|---|---|
| IPO Open Date | September 13, 2024 |
| IPO Close Date | September 17, 2024 |
| Face Value | ₹10 per equity share |
| Issue Size | ₹30.24 crores |
| Fresh Issue | ₹30.24 crores |
| Price Band | ₹53 to ₹56 per share |
| Listing Exchange | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Listing Date | September 20, 2024 |
Envirotech Systems IPO Market Lot
Investors can apply for the IPO with a minimum lot size of 2000 shares, amounting to ₹112,000 per lot. Below is the application breakdown:
| Category | Lot Size | Amount |
|---|---|---|
| Retail Minimum | 1 | ₹112,000 |
| HNI Minimum | 2 | ₹224,000 |
Envirotech Systems IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | September 13, 2024 |
| IPO Close Date | September 17, 2024 |
| Basis of Allotment | September 18, 2024 |
| Refunds Initiated | September 19, 2024 |
| Credit to Demat Accounts | September 19, 2024 |
| Listing Date | September 20, 2024 |
Promoters of Envirotech Systems IPO
The promoters of Envirotech Systems are Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta.
About Envirotech Systems
Founded in 2007, Envirotech Systems Ltd. is a leading provider of acoustic solutions in India. They offer a wide range of products such as Automotive Noise Test Booths, Acoustic Doors, and Noise Barriers. The company serves industries like cement, oil & gas, steel, and power generation, providing noise control solutions. Their state-of-the-art facilities and expert team have helped them gain a solid market presence in the acoustic sector.
Envirotech Systems IPO Financial Report
The company’s financial performance has seen significant growth. Here’s a quick look at their financials:
| Year | Revenue (₹ Cr.) | Profit (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|
| 2022 | ₹18.50 | ₹1.06 | ₹13.87 |
| 2023 | ₹28.75 | ₹2.57 | ₹22.76 |
| 2024 | ₹46.88 | ₹11.43 | ₹38.67 |
Envirotech Systems IPO Valuation (FY 2024)
| Metric | Values |
|---|---|
| ROE | 58.29% |
| ROCE | 62.43% |
| EBITDA Margin | 35.90% |
| PAT Margin | 24.72% |
| Debt to Equity Ratio | 0.46 |
| Earnings Per Share (EPS) | ₹128.41 (Basic) |
| Net Asset Value (NAV) | ₹220.29 |
Peer Comparison
Currently, there are no direct peers listed for comparison within the SME space, making Envirotech Systems a unique investment in the acoustic solutions industry.
Objects of the Issue
The proceeds from the IPO will be used for the following purposes:
- Purchase of land and building for a new factory.
- Funding working capital requirements.
- General corporate expenses.
- IPO-related expenses.
How to Apply for Envirotech Systems IPO
Investors can apply for the IPO through ASBA (Application Supported by Blocked Amount) via bank accounts or UPI through stockbrokers. Offline forms can also be filled through stockbrokers.
Frequently Asked Questions (FAQs)
What is Envirotech Systems IPO?
Envirotech Systems IPO is a SME IPO aimed at raising ₹30.24 crores through a fresh issue of shares. The company will be listed on NSE.
When will the Envirotech Systems IPO open?
The IPO will open on September 13, 2024, and close on September 17, 2024.
What is the Envirotech Systems IPO Price Band?
The price band is ₹53 to ₹56 per share.
How do I apply for the Envirotech Systems IPO?
You can apply through ASBA via your bank account or UPI through stockbrokers.
What is the Envirotech Systems IPO Listing Date?
The IPO will be listed on NSE on September 20, 2024.
