envirotech-systems-ipo

Envirotech Systems FPO

  • Status: Closed
  • RHP:
  • ₹ 106,000 / 2000 shares

    Minimum Investment

FPO Listing Details

  • Listing Date

    24 Sep 2024

  • Listing Price

    ₹ 106.40

  • Listing Change

    90.00%

  • Last Traded Price

    ₹ 114.10

FPO Details

  • Open Date

    13 Sep 2024

  • Close Date

    17 Sep 2024

  • FPO Price Range

    ₹ 53- ₹ 56

  • FPO Size

    ₹ 30.24 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    20 Sep 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

FPO Timeline

Last Updated: 17 September 2024 6:22 PM by 5Paisa

Envirotech Systems IPO is set to open on 13 September 2024 and will close on 17 September 2024. Envirotech Systems Limited makes noise measurement and control solutions for both industrial and commercial use.

The IPO includes a fresh issue of 54 lakh shares aggregating ₹30.24 Cr and it does not include an offer for sale. The price is set between ₹53- ₹56 per share and the lot size is 2000 shares. 

The allotment is scheduled to be finalised on 18 September 2024. It will go public on NSE SME, with a tentative listing date of 20 September 2024.

Share India Capital Services Private Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar. 
 

Envirotech IPO Size

Types Size (₹Cr)
Total IPO Size 30.24
Offer For Sale -
Fresh Issue 30.24

 

Envirotech IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹112,000
Retail (Max) 1 2000 ₹112,000
HNI (Min) 2 4,000 ₹224,000

 

Envirotech IPO Anchor Allocation

Anchor Bid Date 12 September, 2024
Shares Offered 1,406,000
Anchor portion Size (In ₹ Cr.) 7.87
Anchor lock-in period end date for 50% shares (30 Days) 18 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 17 December, 2024

 

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Acquire land and construct a facility for factory setup.
4. Issue Expenses
 

Founded in 2007, Envirotech Systems Limited provides solutions to control and measure noise for various industrial and commercial needs. They design and supply custom enclosures to reduce noise from machinery and equipment, suitable for both indoor and outdoor use.

Their products include noise test booths, engine test room acoustics, anechoic and semi-anechoic chambers, acoustic enclosures, noise barriers, and metal doors. 

Envirotech serves clients across India and has worked with industries like oil and gas, manufacturing, power generation, cement, steel, automotive, and construction. The company has over 98 employees.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 46.88 28.75 18.40
EBITDA 16.60  4.06  1.96
PAT 11.43 2.57 1.06
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 38.67 22.76 13.87
Share Capital 13.39  0.50  0.50 
Total Borrowings 2.41 2.61 2.77
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 4.89  -0.98 1.55
Net Cash Generated From / (used in) investing activities 0.19  -6.54 -0.34
Net Cash Generated From / (used in) financing activities -5.04 6.69  -1.33
Net Increase (Decrease) In Cash And Cash Equivalents 0.04  0.05  -0.13


Strengths

1. Envirotech Systems operates in the specialized field of noise measurement and control, which is essential for many industrial and commercial sectors. Their expertise and custom solutions cater to a specific market demand, potentially offering a competitive edge.

2. The company has successfully completed projects in a variety of industries, including oil and gas, manufacturing, power generation, and more. This diversified client base can provide stability and reduce dependence on any single industry.

3. Founded in 2007, Envirotech Systems has a history of delivering successful projects. Their experience and established reputation can enhance investor confidence in their capabilities and market position.
 

Risks

1. The company's revenue is tied to industries that can be sensitive to economic fluctuations. Economic downturns or reduced industrial activity in sectors like construction or manufacturing could impact their business performance.

2. Noise control solutions are subject to various environmental regulations and standards. Changes in regulations or compliance requirements could increase operational costs or affect project timelines.

3. The market for noise control solutions is competitive, with potential competition from both established players and new entrants. Increased competition could pressure pricing and affect profitability.
 

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FAQs

Envirotech Systems IPO opens from 13th September to 17th September 2024.

The size of the Envirotech Systems IPO is ₹30.24 Cr.

The price band of Envirotech Systems IPO is fixed between ₹53 - ₹56 per share. 

To apply for Envirotech Systems IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Envirotech Systems IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Envirotech Systems IPO is 2000 shares and the minimum investment required is ₹106,000
 

The share allotment date of Envirotech Systems IPO is 18th September 2024

The Envirotech Systems IPO will be listed on 20th September 2024.

Share India Capital Services Private Limited is the book-running lead manager for Envirotech Systems IPO.
 

Envirotech Systems plans to utilise the raised capital from the IPO for:

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Acquire land and construct a facility for factory setup.
4. Issue Expenses