Envirotech Systems Ltd IPO
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Envirotech Systems Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 54 L | TBA | ₹ 16.46 L | ₹ 129.18 L | NSE | ₹ 30.24 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 13 Sep, 24 | 19 Sep, 24 | 2000 | ₹ 1,06,000 | Book Building - SME | 24 Sep, 24 |
Envirotech Systems Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 27.29x | 2346000 | 64030000 |
| NII | 188.14x | 706000 | 132826000 |
| Retail | 64.16x | 1646000 | 105614000 |
| Employee | 0x | 0 | 0 |
| Total | 56.01x | 5400000 | 302470000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Envirotech Systems Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 15.81 | 3.65 | 1.56 |
| EBITDA | 16.02 | 3.77 | 1.68 |
| PAT | 11.43 | 2.57 | 1.06 |
| Total Assets | 28.69 | 12.74 | 10.27 |
| Share Capital | 13.39 | 0.50 | 0.50 |
| Total Borrowings | 16.66 | 6.47 | 6.64 |
| Operating Activities (Net Cash) | 11.64 | 2.69 | 1.18 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 16.66 | 6.47 | 6.64 |
| Net Cashflow | 0.22 | 0.19 | 0.13 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- No Listed Industry Peers
Envirotech Systems Ltd IPO 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.
- Experienced Promoters and Management Team.
- Quality Assurance of its Services.
- Established relationship with existing client.
- Scalable Business Model.
How To Apply for Envirotech Systems Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.