IPO Issue Details
Issue Price / Price Band₹56 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size54,00,000 shares (aggregating up to ₹30.24 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 13 Sep 2024
Subscription CloseThu, 19 Sep 2024
Anchor AllotmentThu, 12 Sep 2024
Basis of AllotmentFri, 20 Sep 2024
Initiation of RefundsMon, 23 Sep 2024
Credit of Shares to DematMon, 23 Sep 2024
Listing DateTue, 24 Sep 2024
UPI Mandate Deadline2024-09-19
Application & Investment Details
Retail — Min (1 Lots)₹1,12,000 — 2,000 shares
Retail — Max (13 Lots)₹1,456,000 (13 Lots)
HNI — Min (2 Lots)₹2,24,000 — 4,000 shares
EPS (Pre-IPO)₹8.54
EPS (Post-IPO)₹6.08
P/E Ratio (Pre-IPO)6.56x
P/E Ratio (Post-IPO)9.21x
Net Offer to Public46,98,000 shares (aggregating up to ₹26.31 Cr)
Reserved for Market Maker7,02,000 shares (aggregating up to ₹3.93 Cr)
Pre-IPO Promoter Holding1,33,90,000 shares
Post-IPO Promoter Holding1,87,90,000 shares
About Envirotech Systems Ltd.
Founded in 2007, Envirotech Systems Limited manufactures noise measurement and control solutions for industrial and commercial applications.Envirotech Systems specializes in the design and supply of custom enclosures for noise reduction in machinery and mechanical equipment, suitable for both indoor and outdoor applications. The company's product list includes Noise Test Booth, Engine Test Room Acoustics, Anechoic & Semi-anechoic Chamber, Acoustic Enclosure, Envirotech Noise Barriers, Poly Carbonate Noise Barriers, Metallic Noise Barrier, Echo Barrier, Acoustic Louvers, And Envirotech Metal Doors.The company offers its services across India and has a track record of successful projects in industries such as oil and gas, manufacturing, power generation, cement and steel, automotive and construction.Competitive Strengths:Early entry into the Acoustic Insulation sector has given the company a distinct competitive advantage.The promoters have more than two decades of valuable experience in the industry, giving the company an in-depth understanding of market dynamics.An accomplished technical team with a wealth of experience in project execution ensures competent project execution across a wide spectrum.A strong commitment to research and development and continuous product development that enables the company to remain at the forefront of innovation.The company has entered into strategic partnerships with industry experts that enhance its technical expertise and market knowledge.All product ranges undergo rigorous testing and receive certifications from recognized government bodies that confirm their quality and reliability.An extensive customer database covering various segments underlines the company's strong market presence and trust.The company employs over 98 people.
Objects of the Issue
Envirotech Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Purchase Land and Building for setting up factory
2
Funding of working capital requirements of the Company
3
General Corporate Expenses
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,33,90,000 shares
Post-IPO Promoter Holding
1,87,90,000 shares