Apex Ecotech Limited IPO...
20 Nov 2024
Envirotech Systems Limited IPO And Its GMP
Envirotech Systems Limited is a leading acoustic products manufacturing organization specializing in noise measurement and control for industrial and commercial applications. Incorporated in 2007, they have expanded their capabilities to include innovative acoustical product design and manufacturing.
With over 98 employees and a network of technical experts, the company offers cost-effective solutions for various acoustical challenges in industrial, commercial, architectural and environmental markets. Their comprehensive services encompass research, cost-benefit analysis and engineering solutions to provide customers with the most efficient noise abatement solutions.
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IPO Details:
- IPO Size: ₹30.24 crores
- Shares Offered: 54 lakh (5.4 million) shares
- Issue Type: Fresh issue
- Price Band: ₹53 to ₹56 per share
- Subscription Dates: September 13, 2024, to September 17, 2024
- Minimum Lot Size: 2000 shares
- Lead Manager: Share India Capital Services Private Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Share India Securities
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Envirotech Systems Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 24-09-2024 | 56 | 47 (83.93%) | 24-Sep-2024 12:25 |
| 23-09-2024 | 56 | 47 (83.93%) | 23-Sep-2024 12:25 |
| 20-09-2024 | 56 | 45 (80.36%) | 20-Sep-2024 12:15 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Envirotech Systems Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 13, 2024 to September 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,390,000 |
| Share holding post issue | 18,790,000 |
| Market Maker portion | 702,000 shares Share India Securities |
Envirotech Systems IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Tuesday, September 17, 2024 |
| Basis of Allotment | Wednesday, September 18, 2024 |
| Initiation of Refunds | Thursday, September 19, 2024 |
| Credit of Shares to Demat | Thursday, September 19, 2024 |
| Listing Date | Friday, September 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 17, 2024 |
Envirotech Systems Limited 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 Systems Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Envirotech Systems IPO Promoter Holding
| Share Holding Pre Issue | 96.48% |
| Share Holding Post Issue | 68.75% |
Envirotech Systems IPO Anchor Investors Details
| Bid Date | September 12, 2024 |
| Shares Offered | 1,406,000 |
| Anchor Portion Size (In Cr.) | 7.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 18, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 17, 2024 |
Company & Financials
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, PolyCarbonate Noise Barriers, Metallic Noise Barriers, Echo Barriers, 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.
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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.
Envirotech Systems Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 58.29% |
| ROCE | 62.43% |
| RoNW | 58.29% |
| P/BV | 3.83 |
| PAT Margin (%) | 24.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.54 | 6.08 |
| P/E (x) | 6.56 | 9.21 |
Objectives of Envirotech Systems IPO
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The Company proposes to utilize the funds that are being raised towards funding the following objectives and achieve the benefits of listing on the Emerge Platform of NSE:
- 1. Purchase Land and Buildings for setting up the factory.
- 2. Funding of working capital requirements of the Company.
- 3. General Corporate Expenses.
- 4. Issue Expenses.
Envirotech Systems IPO Review
The company is in the business of noise measurement and control acoustic system manufacturing and servicing business. It marked growth in its top lines for the last three fiscals, however, the boosted net profit for FY24 raises eyebrows and concern over its sustainability. It appears that this pre-IPO performance is to support the fancy valuation. The company is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for the medium term.
FAQs for Envirotech Systems IPO
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What is Envirotech Systems IPO?
Envirotech Systems IPO is an SME IPO. The company is going to raise ₹30.24 Crores via IPO. The issue is priced at ₹53 to ₹56 per equity share. The IPO is to be listed on NSE.
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When will the Envirotech Systems IPO open for subscription?
The IPO is to open on September 13, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 17, 2024.
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What is Envirotech Systems IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Envirotech Systems IPO Issue Size?
Envirotech Systems IPO issue size is ₹30.24 crores.
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What is Envirotech Systems IPO Price Band?
Envirotech Systems IPO Price Band is ₹53 to ₹56.
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What is Envirotech Systems IPO Lot Size?
The minimum bid is 2000 Shares with ₹112,000 amount.
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What is the Envirotech Systems IPO Allotment Date?
Envirotech Systems IPO allotment date is September 18, 2024.
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What is the Envirotech Systems IPO Listing Date?
Envirotech Systems IPO listing date is September 20, 2024. The IPO is to be listed on NSE.
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What is the current GMP of Envirotech Systems IPO?
The current GMP of Envirotech Systems IPO is 47 (83.93%).
RHP:
RHP of Envirotech Systems Limited IPO.
DRHP:
DRHP of Envirotech Systems Limited IPO.
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What is Envirotech Systems IPO?
Envirotech Systems IPO is an SME IPO. The company is going to raise ₹30.24 Crores via IPO. The issue is priced at ₹53 to ₹56 per equity share. The IPO is to be listed on NSE.
-
When will the Envirotech Systems IPO open for subscription?
The IPO is to open on September 13, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 17, 2024.
-
What is Envirotech Systems IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Envirotech Systems IPO Issue Size?
Envirotech Systems IPO issue size is ₹30.24 crores.
-
What is Envirotech Systems IPO Price Band?
Envirotech Systems IPO Price Band is ₹53 to ₹56.
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What is Envirotech Systems IPO Lot Size?
The minimum bid is 2000 Shares with ₹112,000 amount.
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What is the Envirotech Systems IPO Allotment Date?
Envirotech Systems IPO allotment date is September 18, 2024.
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What is the Envirotech Systems IPO Listing Date?
Envirotech Systems IPO listing date is September 20, 2024. The IPO is to be listed on NSE.
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What is the current GMP of Envirotech Systems IPO?
The current GMP of Envirotech Systems IPO is 47 (83.93%).
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