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SME IPO Status: Open [13th Sep 2024 to 19th Sep 2024]
Envirotech Systems IPO, a SME IPO of ₹30.24 Cr opens for subscription from 13-09-2024 to 19-09-2024. The IPO consists of ₹30.24 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 53.00-56.00 per share. You can apply to the Envirotech Systems SME IPO for a minimum lot of 2000 shares amounting of Rs 112000.
The tentative listing date on the exchange (NSE SME) is 24-09-2024.Stay tuned with us to get more details about Envirotech Systems SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 13th Sep 2024 |
| SME IPO Issue Closing Date: | 19th Sep 2024 |
| SME IPO Issue Price: | ₹53.00-56.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹30.24 Cr |
| Fresh Issue: | ₹30.24 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 96.48% |
| Promoter Holding Post IPO: | 68.75% |
Get important updates regarding Envirotech Systems SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Sep 2024 |
| Refunds Initiation* | 23rd Sep 2024 |
| Credit of Shares to Demat* | 23rd Sep 2024 |
| SME IPO Listing Date* | 24th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹53.00-56.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹112000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹224000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 56.00 | 0 | -- | ₹56 (0%) | 19-Sep-2024 12:25 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in February 2007, Envirotech Systems Limited is a leading acoustic product manufacturing company specializing in noise measurement and control for industrial and commercial applications. The company has expanded its capabilities to develop and manufacture innovative acoustic products. With over 98 employees and a network of technical experts, the company provides cost-effective solutions for various acoustic challenges in the industrial, commercial, architectural and environmental sectors.
The company specializes in the development and supply of customized acoustic enclosures for noise reduction in machinery and mechanical equipment, suitable for both indoor and outdoor applications. The enclosures focus on stability, durability, ease of installation and high acoustic performance.
Envirotech Systems Limited offers its services across India and caters to a wide range of industrial and commercial customers. Although the company also exports some products, revenue from these exports accounts for only a small portion of total sales.
As a leading provider of industrial noise control, Envirotech Systems Limited offers enclosures for all types of noise sources:
The company's products are designed and manufactured as per the specific needs of the customers to ensure optimum performance and efficiency. Although PAN India offers its services, the focus is on delivering customized solutions that meet individual customer requirements.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Acoustic Products | ₹30.24 Cr | https://www.envirotechltd.com/ |
The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 940,000 (28.55%) | 706,000 (21.45%) | 1,646,000 (50%) | 3,292,000 | |
| 1 | 13th Sep 2024 19:32 | 0.00x | 2.33x | 4.43x | 2.71x |
| 2 | 16th Sep 2024 15:00 | 0.00x | 3.12x | 11.38x | 6.36x |
| 3 | 17th Sep 2024 18:21 | 3.07x | 8.17x | 23.38x | 14.32x |
| 4 | 18th Sep 2024 16:22 | 3.07x | 12.05x | 32.94x | 19.93x |
| 5 | 19th Sep 2024 11:54 | 6.96x | 19.98x | 40.37x | 26.46x |
Envirotech Systems Limited's revenue increased by 63% and profit after tax (PAT) rose by 344% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,867.47 | 2,275.73 | 1,386.51 | |||||||||||||||||||||||||||
| Revenue | 4,687.95 | 2,874.78 | 1,849.54 | |||||||||||||||||||||||||||
| Profit After Tax | 1,142.88 | 257.34 | 105.73 | |||||||||||||||||||||||||||
| Net Worth | 1,960.62 | 661.73 | 404.4 | |||||||||||||||||||||||||||
| Reserves and Surplus | 621.62 | 611.73 | 354.4 | |||||||||||||||||||||||||||
| Total Borrowing | 240.5 | 260.67 | 276.61 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Envirotech Systems Limited | 8.54 | 8.54 | 14.64 | 6.56 | 58.29 |
Last Updated on 19-Sep-2024 12:32:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Envirotech Systems SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Envirotech Systems SME IPO with Zerodha.
Alternate approch to apply in Envirotech Systems SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Envirotech Systems SME IPO Review and Important Updates
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To subscribe or apply in Envirotech Systems SME IPO, you can use the following methods:
| Envirotech Systems SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Envirotech Systems SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Envirotech Systems SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Envirotech Systems SME IPO. Most of the Syndicate Banks provide access to apply in Envirotech Systems IPO via ASBA process. You must have your net banking access, DP ID information to apply in Envirotech Systems SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Envirotech Systems SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Envirotech Systems SME IPO Review and Important Updates
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Envirotech Systems SME IPO is going to be list on 24-09-2024.
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Envirotech Systems SME IPO Allotment Date is 20-09-2024.
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