Envirotech Systems Limited
Envirotech Systems Limited(ENVIRO)
Total Shares
54,00,000
Issue Size
₹30.24 Cr
Price Band
₹53 – ₹56
Lot Size
2000 shares
Min. Investment
₹1,12,000
Max. Investment
₹1,12,000
Open Date
13 Sep, 2024
Close Date
19 Sep, 2024
Allotment
20 Sep, 2024
Listing
24 Sep, 2024
Max. Investment
₹1,12,000
Announced
13 Sep, 2024
Opening Date
13 Sep, 2024
Closing Date
19 Sep, 2024
Basis of Allotment
20 Sep, 2024
Initiation of Refunds
23 Sep, 2024
Credit of Shares
23 Sep, 2024
Listing Date
24 Sep, 2024
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Envirotech Systems Limited IPO
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 Barr
Envirotech Systems Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 40.3% increase in shares
Envirotech Systems Limited IPO Financials Health
Envirotech Systems Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,12,000 |
| Retail Maximum | 1 | 2000 | ₹1,12,000 |
| HNI Minimum | 2 | 4000 | ₹2,24,000 |
(All values in CR)
Envirotech Systems Limited IPO Valuation
| Metric | Value |
|---|---|
| EPS Post IPO | 6.08 |
| EPS Pre IPO | 8.54 |
| P/BV | 3.83 |
| P/E Post IPO | 9.21 |
| P/E Pre IPO | 6.56 |
| PAT Margin (%) | 24.72 |
| ROCE | 62.43% |
| ROE | 58.29% |
| RoNW | 58.29% |
(All values in CR)
Strength & Risk of Envirotech Systems Limited IPO
1. Experienced Promoters and Management Team.
2. Quality Assurance of its Services.
3. Established relationship with existing client.
4. Scalable Business Model.
1. The Company, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
2. One of the members of the Promoter group has defaulted on a personal loan with outstanding of Rs 113,225 for which proceedings in DRT has been initiated against him. One of the members of the Promoter group has defaulted on a personal loan with outstanding of Rs 113,225 for which proceedings in DRT has been initiated against him.
3. The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below.
4. The company does not own registered office which is used by its currently.
5. The Land being purchased by M/s Envirotech Systems Limited from M/s Oriental Trimex Limited has been pledged by Oriental Trimex Limited as collateral to secure a loan of approximately Rs.37.25 crore(against multiple locations properties located at Chennai, Kolkata, Greater Noida (Manufacturing Plants) & New Delhi (Residential) from Edelweiss Bank. In case of any delay in making payment there may be adverse effect on the expansion plans of the business.
6. The company is highly dependent on its suppliers for uninterrupted procurement and sale of the company traded goods. Any disruption of supply from such entities may affect its business operations.
7. The company has not made any provision regarding payment of gratuity in its restated and audited financial statements of the company.
8. The company has Manufacturing Facility, continued operations of its manufacturing facility is critical to the company's business and any disruption in the operation of its manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.
9. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
10. Substantial portion of its revenues has been dependent upon the company few customers. The loss of any one or more of its major clients would have a material adverse effect on its business operations and profitability.
Envirotech Systems Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 14,06,000 | 14,06,000 | 7.87 |
| HNI | 188.14 | 7,06,000 | 13,28,26,000 | 743.83 |
| Market Maker | 1.00 | 7,02,000 | 7,02,000 | 3.93 |
| QIB | 68.12 | 9,40,000 | 6,40,30,000 | 358.57 |
| Retail | 64.16 | 16,46,000 | 10,56,14,000 | 591.44 |
| Total | 91.88 | 32,92,000 | 30,24,70,000 | 1 |
Envirotech Systems Limited IPO GMP
Last updated 09 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 09 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 09 Sep, 2024 |
| 10 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 10 Sep, 2024 |
| 11 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 11 Sep, 2024 |
| 12 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 12 Sep, 2024 |
| 13 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 13 Sep, 2024 |
| 14 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 14 Sep, 2024 |
| 15 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 15 Sep, 2024 |
| 16 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 16 Sep, 2024 |
| 17 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 17 Sep, 2024 |
| 18 Sep, 2024 | 56 | ₹0 | -- | ₹56 (0.00%) | - | 18 Sep, 2024 |
| 19 Sep, 2024 | 56 | ₹0▼ | -- | ₹56 (0.00%) | - | 19 Sep, 2024 |
| 20 Sep, 2024 | 56 | ₹45 | 68400 | ₹101 (80.36%) | - | 20 Sep, 2024 |
| 21 Sep, 2024 | 56 | ₹45▼ | 68400 | ₹101 (80.36%) | - | 21 Sep, 2024 |
| 23 Sep, 2024 | 56 | ₹47 | 71400 | ₹103 (83.93%) | - | 23 Sep, 2024 |
| 24 Sep, 2024 | 56 | ₹47 | 71400 | ₹103 (83.93%) | - | 24 Sep, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Envirotech Systems Limited IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Envirotech Systems Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
Envirotech Systems Limited IPO Analysis
Envirotech Systems Limited is venturing into the public markets with an Initial Public Offering (IPO). This IPO aims to raise capital to expand the company's operations and fund its business growth. Below is an in-depth analysis of the IPO, along with the pros and cons of investing.
Comprehensive Review of Envirotech Systems Limited IPO
Envirotech Systems Limited, a company specializing in noise measurement and acoustic control solutions, is entering the stock market with its IPO. The funds raised will be used for expansion, repayment of loans, and working capital needs.
Company Overview
Envirotech Systems Limited is a leader in noise measurement and control solutions for various industries. Established in 2007, the company provides acoustic engineering services and manufactures innovative products designed to meet the growing demand for noise control in commercial and industrial applications.
- Founded: 2007
- Industry: Acoustic Engineering and Noise Control Solutions
- Key Services: Acoustic consulting, noise measurement, and noise control solutions for industrial and commercial applications.
Key Details of the IPO
- IPO Size: 54,00,000 equity shares
- Price Band: ?53 - ?56 per equity share
- Fresh Issue: Entire IPO consists of fresh issue of shares; no offer for sale.
- Use of Proceeds: Funds raised will be used for business expansion, working capital needs, and repayment of loans.
- Listing: The shares are proposed to be listed on NSE EMERGE.
Pros of Investing in Envirotech Systems Limited IPO
- Industry Leader: Envirotech Systems is a recognized name in noise control solutions with over 17 years of experience.
- Growing Market: The Indian noise and acoustic market is growing, driven by stricter regulations and the need for noise reduction in industries such as automotive, construction, and manufacturing.
- Wide Range of Services: The company offers a comprehensive set of acoustic engineering solutions, ranging from noise measurement to the manufacturing of customized noise barriers and enclosures.
- Strong Management: The company’s promoters and management team bring significant expertise in the noise control industry, which will be crucial for future growth.
- Innovative Products: Focus on R&D and innovation, including cutting-edge acoustical products and technologies, enhances its competitive advantage.
Cons of Investing in Envirotech Systems Limited IPO
- Market Dependency: The company’s business is dependent on sectors like construction, manufacturing, and infrastructure. Any downturn in these sectors could negatively affect growth.
- Economic Sensitivity: The demand for noise control solutions can be sensitive to economic conditions, especially in sectors like real estate and industrial manufacturing.
- Operational Risks: As the company expands its operations, managing larger projects and scaling efficiently could pose operational challenges.
- Competition: The acoustic engineering sector is becoming competitive with new entrants offering similar solutions, which could pressure margins.
Financial Performance and Market Outlook
Envirotech Systems Limited has shown consistent financial growth over the last few years. The company’s revenue generation has been steady, supported by its diverse client base and innovative product offerings. However, investors should evaluate the company’s debt levels and ability to sustain growth in a competitive environment.
- Revenue Growth: Consistent increase in revenue over the past fiscal years, reflecting growing demand for its solutions.
- Profit Margins: The company has maintained a healthy profit margin but is vulnerable to fluctuations in project-based revenue.
- Debt Management: A portion of the IPO proceeds will be used to repay existing loans, which should improve financial stability.
Should You Invest in Envirotech Systems Limited IPO?
Investing in Envirotech Systems Limited IPO offers an opportunity to participate in a niche industry with significant growth potential. The company’s established market presence, experienced management, and innovative product offerings make it an attractive option. However, potential investors should consider the risks related to competition, market dependency, and economic sensitivity before making a decision.
Conclusion
The Envirotech Systems Limited IPO presents a balanced investment opportunity for those interested in the growing acoustic engineering and noise control industry. With a strong market position and growth potential, the company is poised to benefit from increasing demand for noise reduction solutions. However, investors must weigh the pros and cons carefully before making an investment decision.
FAQs About Envirotech Systems Limited Ipo
Envirotech Systems Limited IPO will open on 13 Sep, 2024 and close on 17 Sep, 2024. Investors must apply within this period to participate.
The Envirotech Systems Limited IPO price band is set between ₹53.00 and ₹56.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹112000.00.
The Envirotech Systems Limited IPO shares are expected to be listed on 20 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Envirotech Systems Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Envirotech Systems Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.