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Envirotech Systems Ltd IPO

Envirotech Systems Limited is a leading acoustic engineering organization specializing in noise measurement and control for industrial and commercial applications. Incorporated in 2007, the company has expanded its 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.

Envirotech Systems Ltd IPO Details

Total Shares Offered

₹ 54,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,46,000

Pre Issue Promoters Holding

₹ 1,29,17,650

Exchange

NSE

Issue size

₹ 30.24 Cr

IPO Open Date

Sep 13, 2024

Close Date

Sep 19, 2024

Lot Size

2000

Min Investment

₹ 1,06,000

Issue Type

Book Building - SME

Listing Date

Sep 24, 2024

Envirotech Systems Ltd IPO Dates

Sep 13, 2024

Opening date

Sep 19, 2024

Closing date

Sep 20, 2024

Basis of Allotment

Sep 23, 2024

Initiation of Refunds

Sep 23, 2024

Credit of Shares

Sep 24, 2024

Listing date

Details

Sector	Type
Sector	Engineering
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2346000
NII	0x	706000
Retail	0x	1646000
Employee	0x	0
Total	0x	5400000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2346000

706000

1646000

5400000

Envirotech Systems Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	18.61	15.81	3.65
EBITDA	18.83	16.02	3.77
PAT	14.06	11.43	2.57
Total Assets	42.09	28.69	12.74
Share Capital	18.79	13.39	0.50
Total Borrowings	15.30	16.66	6.47
Operating Activities (Net Cash)	14.28	11.64	2.69
Investing Activities (Net Cash)	-29.37	0.00	0.00
Financing Activities (Net Cash)	15.30	16.66	6.47
Net Cashflow	3.77	0.22	0.19

About Envirotech Systems Ltd

Envirotech Systems Limited was originally incorporated as Envirotech Gensets Private Limited as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 09, 2007, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on June 01, 2009, the name of the Company was changed to Envirotech Systems Private Limited and a fresh certificate of incorporation dated June 10, 2009 was issued to the Company by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on May 04, 2022, the Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to Envirotech Systems Limited and a fresh certificate of incorporation dated June 03rd, 2022 was issued to the Company by the Registrar of Companies, NCT of Delhi and Haryana. The Corporate Identification Number of the Company is U31101DL2007PLC159075.

India's Acoustics market i.e. NVH (Noise, Vibration, and Harshness) Testing market has valued at USD 141 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.33% through 2029. The Noise, Vibration, and Harshness (NVH) Testing market in India have been experiencing significant growth and transformation in recent years, reflecting the country's dynamic industrial landscape and increasing focus on product quality and performance. NVH testing is a critical aspect of product development and quality assurance across various industries, and India is no exception to this global trend. This burgeoning market is shaped by a multitude of factors, including the rapid expansion of the automotive, aerospace, consumer electronics, and construction sectors, all of which rely heavily on NVH testing to ensure their products meet stringent noise and vibration standards. The Indian acoustic insulation industry has witnessed significant growth in recent years due to the increasing focus on noise control, improved building standards, and enhanced awareness of the detrimental effects of noise pollution.

Peer Comparison:

No Listed Industry Peers

Envirotech Systems Ltd Key Points

Strengths

Experienced Promoters and Management Team.

Quality Assurance of its Services.

Established relationship with existing client.

Scalable Business Model.

Risk

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.

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.

The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below.

Strategy

Leveraging our Market skills and Relationships.

Improving functional efficiencies.

Enhance customer base and to establish long-term relationships.

To build-up a professional organization.

Expand geographical reach.

How To Apply for Envirotech Systems Ltd IPO Online?

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FAQs on IPO (Initial Public Offering)

What is the issue size of the Envirotech Systems Ltd IPO?

Envirotech Systems Ltd's IPO offers shares for up to 30.24 It begins on Sep 13, 2024 and ends on Sep 19, 2024.

What is the price of the Envirotech Systems Ltd IPO?

The price of Envirotech Systems Ltd IPO ranges between ₹53 to ₹56 per share.

What are the open and close dates for the Envirotech Systems Ltd IPO?

The Envirotech Systems Ltd IPO opens on Sep 13, 2024 and closes on Sep 19, 2024.

When will the Envirotech Systems Ltd IPO be allotted?

The allotment for the Envirotech Systems Ltd IPO will be finalised on Sep 20, 2024. The shares will be listed on BSE and NSE on Sep 24, 2024.

What is the minimum lot size required for Envirotech Systems Ltd IPO?

The minimum lot size for Envirotech Systems Ltd IPO is 2000 shares, priced between ₹53 to ₹56 per share.

What is the GMP of Envirotech Systems Ltd IPO?

The GMP (Grey Market Premium) of Envirotech Systems Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Envirotech Systems Ltd IPO?

To check the allotment status of Envirotech Systems Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Envirotech Systems Ltd IPO getting listed?

The Envirotech Systems Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 13, 2024, and closes on Sep 19, 2024. The allotment is finalised on Sep 20, 2024.

How do you apply for the Envirotech Systems Ltd IPO?

To apply for the Envirotech Systems Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.