Envirotech Systems IPO Allotment Status

Summary

Envirotech Systems IPO has received an overwhelming response from investors, closing with an exceptional subscription of 91.67 times by 19th September 2024 at 5:59:59 PM (Day 5). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 187.14 times, reflecting significant interest from high net worth individuals.

The Qualified Institutional Buyers (QIB) portion demonstrated strong engagement, subscribing 68.12 times. The Retail Investors category also showed robust interest, subscribing 64.16 times. The Anchor Investors and Market Maker portions were fully subscribed at 1 time each. This exceptional response across all categories underscores the extremely positive market sentiment towards Envirotech Systems' offering and suggests highly optimistic investor expectations for the company's future performance.

Check Envirotech Systems IPO Allotment Status:

How to Check Envirotech Systems IPO Allotment Status on the Bigshare Services Site?

Step 1 - Visit the web portal of Bigshare Services Pvt Ltd. (https://www.bigshareonline.com/ipo_Allotment.html)

Step 2 - From the dropdown menu, select Envirotech Systems IPO.

Step 3 - Choose one of the following three modes: PAN ID, Demat Account number, or Application number

Step 4 - Select "Application Type," then "ASBA" or "non-ASBA."

Step 5 - Enter the information relevant to the mode you have chosen.

Step 6 - For security purposes, fill out the captcha accurately.

Step 7 - Click "Submit."

How do you check Envirotech Systems IPO Allotment Status on BSE?

On the websites of the Bombay Stock Exchange (BSE), investors who placed a bid for the Envirotech Systems IPO can monitor the allotment status:
For BSE:

Step 1 - Visit this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select "Equity" in the "Issue Type" dropdown.

Step 3 - Choose "Envirotech Systems Limited" from the dropdown menu under "Issue Name."

Step 4 - Enter your application number and PAN ID.

Step 5 - Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How do you check the IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Envirotech Systems IPO Timeline:

Envirotech Systems IPO Subscription Status

Envirotech Systems IPO received 91.67 subscriptions. By 19th September 2024 at 5:59:59 PM (Day 5), the public issue had been subscribed 64.16 times in the retail category, 68.12 times in the QIB category, and 187.14 times in the NII category.

Subscription Day 5 (as of 5:59:59 PM)
Total Subscription: 91.67 times
QIB: 68.12 times
NII: 187.14 times
Retail investors: 64.16 times

Subscription Day 4
Total Subscription: 19.93 times
QIB: 3.07 times
NII: 12.05 times
Retail investors: 32.94 times

Subscription Day 3
Total Subscription: 14.32 times
QIB: 3.07 times
NII: 8.17 times
Retail investors: 23.38 times

Subscription Day 2
Total Subscription: 6.36 times
QIB: 0.00 times
NII: 3.12 times
Retail investors: 11.38 times

Subscription Day 1
Total Subscription: 2.71 times
QIB: 0.00 times
NII: 2.33 times
Retail investors: 4.43 times
 

Envirotech Systems IPO Details

Envirotech Systems' initial public offering (IPO) is a book built issue amounting to ₹30.24 crores. This offering consists entirely of a fresh issue of 54 lakh shares.

The bidding process for the Envirotech Systems IPO commenced on 13th September 2024 and concluded on 19th September 2024. The allotment results for this IPO are anticipated to be finalised on 20th September 2024. Furthermore, the shares of Envirotech Systems are set to be listed on the NSE SME, with a provisional listing date scheduled for 24th September 2024.

The Envirotech Systems IPO price band has been established between ₹53 and ₹56 per share. Investors must apply for a minimum lot size of 2,000 shares, which requires a minimum investment of ₹112,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (4,000 shares), totalling ₹224,000.

Share India Capital Services Private Limited serves as the book running lead manager for the Envirotech Systems IPO. Bigshare Services Pvt Ltd is designated as the registrar for this offering.

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