Envirotech Systems FPO
FPO Listing Details
- Listing Date
24 Sep 2024
- Listing Price
₹ 106.40
- Listing Change
90.00%
- Last Traded Price
₹ 129.50
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
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.
| 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
Contact Information
Envirotech Systems
Envirotech Systems Limited
A-29, Block-A,
Shyam Vihar Phase-I,
New Delhi - 110043
Phone: +0120-4337633
Email: cs@envirotechltd.com
Website: https://www.envirotechltd.com/
Envirotech Systems FPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Envirotech Systems FPO Lead Manager
Share India Capital Services Private Limited