Envirotech Systems IPO Subscription Status

5paisa Research Team

Last Updated: 19th September 2024 - 04:10 pm

Envirotech Systems' initial public offering (IPO) has garnered strong investor interest, with subscription rates increasing significantly over the five-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 26.46 times oversubscription by 11:54:00 AM on day five. This response underscores the market appetite for Envirotech Systems' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 13th September 2024, has seen significant growth in investor participation across all categories. Envirotech Systems attracted bids for 8,71,14,000 equity shares amounting to ₹487.84 crore.

The Retail Investors segment, in particular, has shown overwhelming demand, followed by strong interest from Non-Institutional Investors (NII). The Qualified Institutional Buyers (QIB) have also shown significant participation.

Subscription Status of Envirotech Systems IPO for Days 1, 2, 3, 4, and 5:

Date	QIB	NII	Retail	Total
Day 1 (Sep 13)	0.00	2.33	4.43	2.71
Day 2 (Sep 16)	0.00	3.12	11.38	6.36
Day 3 (Sep 17)	3.07	8.17	23.38	14.32
Day 4 (Sep 18)	3.07	12.05	32.94	19.93
Day 5 (Sep 19)	6.96	19.98	40.38	26.46

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Envirotech Systems IPO as of Day 5 (19th September 2024, 11:54:00 AM):

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (₹ Cr.)*
Qualified Institutions	6.96	9,40,000	65,38,000	36.61
Non-Institutional Buyers	19.98	7,06,000	1,41,08,000	79.00
Retail Investors	40.38	16,46,000	6,64,68,000	372.22
Total	26.46	32,92,000	8,71,14,000	487.84

Total Applications: 33,234

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

The IPO of Envirotech Systems is currently subscribed 26.46 times, with exceptional demand from Retail Investors.
Retail investors have shown overwhelming interest, with a subscription ratio of 40.38 times.
Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 19.98 times.
Qualified Institutional Buyers (QIB) have shown significant interest, with a subscription ratio of 6.96 times.
The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Envirotech Systems IPO - Day 4 Subscription at 19.93 Times

Key Highlights:

On Day 4, Envirotech Systems' IPO was subscribed 19.93 times, with strong demand from Retail Investors.
Retail investors showed significantly increased interest with a subscription ratio of 32.94 times.
Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 12.05 times.
Qualified Institutional Buyers (QIB) maintained their interest with a subscription ratio of 3.07 times.
The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Envirotech Systems IPO - Day 3 Subscription at 14.32 Times

Key Highlights:

On Day 3, Envirotech Systems' IPO was subscribed 14.32 times, with continued strong demand from Retail Investors.
Retail investors showed significantly increased interest with a subscription ratio of 23.38 times.
Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 8.17 times.
Qualified Institutional Buyers (QIB) showed initial significant interest with a subscription ratio of 3.07 times.
The overall subscription trend indicated growing momentum, with all investor categories showing increased participation.

Envirotech Systems IPO - Day 2 Subscription at 6.36 Times

Key Highlights:

On Day 2, Envirotech Systems' IPO was subscribed 6.36 times, with strong demand from Retail Investors.
Retail investors showed strong interest, with a subscription ratio of 11.38 times.
Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 3.12 times.
Qualified Institutional Buyers (QIB) still showed no interest with a subscription ratio of 0.00 times.
The overall subscription trend indicated growing momentum, with retail and NII categories showing significantly increased participation.

Envirotech Systems IPO - Day 1 Subscription at 2.71 Times

Key Highlights:

On Day 1, Envirotech Systems' IPO was subscribed 2.71 times, with initial demand primarily from Retail Investors.
Retail investors showed early strong interest with a subscription ratio of 4.43 times.
Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 2.33 times.
Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Envirotech Systems Ltd:

Envirotech Systems Limited, founded in 2007, specialises in manufacturing noise measurement and control solutions for industrial and commercial applications. The company's expertise lies in designing and supplying custom enclosures for noise reduction in machinery and mechanical equipment suitable for indoor and outdoor use.
Their product range includes Noise Test Booths, Engine Test Room Acoustics, Anechoic and semi-anechoic Chambers, Acoustic Enclosures, Noise Barriers, and Acoustic Louvers, among others. Operating across India, Envirotech Systems has a proven track record of successful projects in various industries, such as oil and gas, manufacturing, power generation, cement and steel, automotive, and construction.
With over 98 employees, the company benefits from early market entry, experienced promoters, a skilled technical team, and a strong commitment to research and development.
Envirotech Systems has also formed strategic partnerships with industry experts, enhancing its technical expertise and market knowledge. The company's products undergo rigorous testing and certifications from recognised government bodies, affirming their quality and reliability. An extensive customer database across various segments underscores Envirotech Systems' strong market presence and the trust it has earned in the industry.
Envirotech Systems Limited, founded in 2007, manufactures noise measurement and control solutions for industrial and commercial applications. For FY 2024, it reported revenue of ₹46.88 crore and PAT of ₹11.43 crore.

Highlights of the Envirotech Systems IPO: