In this article you get to know insight about Envirotech Systems Limited IPO Details. Founded in 2007, Envirotech Systems Limited has established itself as a leader in manufacturing advanced noise measurement and control solutions, serving both industrial and commercial sectors. The company is renowned for its expertise in designing and delivering custom enclosures aimed at reducing noise from machinery and mechanical equipment, suitable for indoor and outdoor environments alike.
Envirotech Systems offers a diverse range of products, including:
Noise Test Booths
Engine Test Room Acoustics
Anechoic and Semi-Anechoic Chambers
Acoustic Enclosures
Envirotech Noise Barriers
Polycarbonate Noise Barriers
Metallic Noise Barriers
Echo Barriers
Acoustic Louvers
Envirotech Metal Doors
These solutions cater to various industries, ensuring noise control and compliance with environmental standards.
Market Reach and Industry Presence
Envirotech Systems extends its services across India, boasting a robust portfolio of successful projects in key industries such as oil and gas, manufacturing, power generation, cement and steel, automotive, and construction.
Competitive Advantages
Envirotech Systems Limited enjoys several competitive strengths that set it apart in the acoustic insulation sector:
Pioneer in Acoustic Insulation: As an early entrant in the industry, Envirotech Systems has carved out a distinct competitive edge.
Experienced Leadership: The company’s promoters bring over two decades of industry experience, providing deep insights into market dynamics.
Skilled Technical Team: A highly competent technical team ensures successful project execution across a wide array of sectors.
Commitment to R&D: A strong focus on research and development keeps the company at the forefront of innovation, enabling continuous product advancement.
Strategic Partnerships: Collaborations with industry experts enhance the company’s technical capabilities and market knowledge.
Certified Quality: All products undergo stringent testing and are certified by recognized government bodies, ensuring top-tier quality and reliability.
Extensive Customer Base: A broad customer base across multiple segments highlights the company’s solid market presence and the trust it commands.
Envirotech Systems is launching an Initial Public Offering (IPO) worth ₹30.24 crores, consisting entirely of a fresh issue of 54 lakh shares. Book Running Lead Manager: Share India Capital Services Private Limited
Registrar: Bigshare Services Pvt Ltd Market Maker: Share India Securities
Envirotech Systems Limited IPO Objectives
Envirotech Systems Limited intends to utilize the funds raised from the IPO to support several key objectives aimed at enhancing the company’s operations and market presence. The primary objectives include:
Purchase of Land and Building: The company plans to acquire land and buildings to establish a new factory, which will support its manufacturing capabilities and expand its production capacity.
Working Capital Requirements: A portion of the funds will be allocated to meet the company’s working capital needs, ensuring smooth operations and enabling the company to manage its day-to-day expenses effectively.
General Corporate Expenses: The IPO proceeds will also be used to cover general corporate expenses, which may include administrative costs, operational enhancements, and other business activities essential for the company’s growth.
Issue Expenses: Additionally, part of the funds will be used to cover the expenses related to the IPO itself, including underwriting fees, legal costs, and other associated expenses.
By achieving these objectives, Envirotech Systems aims to strengthen its operational infrastructure and capitalize on the benefits of being listed on the NSE Emerge Platform.
Envirotech Systems Limited IPO Details
| IPO Date | September 13, 2024 to September 17, 2024 |
| Face Value | ₹10 per share |
| Price | ₹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 | NSE SME |
| Share holding pre issue | 13,390,000 |
| Share holding post issue | 18,790,000 |
| Market Maker portion | 702,000 shares |
Envirotech Systems Limited IPO Reservation
The Envirotech Systems IPO has a well-defined reservation structure to cater to different categories of investors. Qualified Institutional Buyers (QIBs) have been allocated up to 50% of the total offer, ensuring significant participation from institutional investors. Retail investors are reserved at least 35% of the net issue, providing ample opportunity for individual investors to participate in the IPO. Additionally, Non-Institutional Investors (NII), commonly referred to as High Net-worth Individuals (HNIs), are allocated a minimum of 15% of the net issue. This reservation strategy ensures a balanced distribution, allowing various investor groups to invest in the IPO.
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 Promoter Holding
The promoters of Envirotech Systems Limited are Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta. Prior to the IPO, the promoters hold a significant stake in the company, with a shareholding of 96.48%. After the IPO, their shareholding will be reduced but will remain substantial at 68.75%. This indicates the promoters’ strong commitment and continued involvement in the company even after the public offering.
Envirotech Systems Limited IPO Tentative Dates
| 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 Registrar
The registrar for the Envirotech Systems IPO is Bigshare Services Pvt Ltd, which will handle the share allotment process and assist investors with any queries related to the IPO. Investors can contact the registrar by phone at +91-22-6263 8200 or via email at ipo@bigshareonline.com. For those who wish to check the status of their IPO application, Bigshare Services provides an online portal accessible at https://ipo.bigshareonline.com/ipo_status.html. The registrar plays a crucial role in ensuring the smooth processing of all IPO-related applications and inquiries.
FAQs
What is Envirotech Systems Limited known for?
Envirotech Systems Limited specializes in manufacturing advanced noise measurement and control solutions for both industrial and commercial sectors. They are particularly known for designing custom enclosures to reduce noise from machinery and mechanical equipment, suitable for both indoor and outdoor environments.
What products does Envirotech Systems offer?
Envirotech Systems offers a wide range of products, including:
Noise Test Booths
Engine Test Room Acoustics
Anechoic and Semi-Anechoic Chambers
Acoustic Enclosures
Envirotech Noise Barriers (Polycarbonate, Metallic, Echo Barriers)
Acoustic Louvers
Envirotech Metal Doors
Which industries does Envirotech Systems serve?
Envirotech Systems serves a broad spectrum of industries, including oil and gas, manufacturing, power generation, cement and steel, automotive, and construction, providing noise control solutions that meet environmental standards.
What are the competitive advantages of Envirotech Systems Limited?
Envirotech Systems Limited stands out in the acoustic insulation sector due to:
Being a pioneer in the industry
Experienced leadership with over two decades in the market
A skilled technical team for successful project execution
Strong focus on research and development
Strategic partnerships with industry experts
Certified quality products
An extensive customer base across multiple segments
What are the key details of the Envirotech Systems IPO?
IPO Size: ₹30.24 crores, consisting entirely of a fresh issue of 54 lakh shares.
IPO Subscription Dates: September 13, 2024, to September 17, 2024.
Allotment Date: September 18, 2024.
Listing Date: September 20, 2024, on the NSE SME.
Price Band: ₹53 to ₹56 per share.
What is the minimum investment required for the Envirotech Systems IPO?
The minimum application size is 2,000 shares, requiring a minimum investment of ₹112,000 for retail investors. For High Net-worth Individuals (HNIs), the minimum lot size is 2 lots (4,000 shares), amounting to ₹224,000.
Who are the key players involved in the Envirotech Systems IPO?
Book Running Lead Manager: Share India Capital Services Private Limited
Registrar: Bigshare Services Pvt Ltd
Market Maker: Share India Securities
What are the objectives of the Envirotech Systems IPO?
The funds raised from the IPO will be used for:
Purchase of land and buildings for a new factory
Meeting working capital requirements
Covering general corporate expenses
Covering IPO-related expenses
What is the shareholding pattern of the promoters before and after the IPO?
Before the IPO, the promoters, Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta, hold a 96.48% stake in the company. Post-IPO, their shareholding will reduce to 68.75%, indicating their continued strong involvement in the company.
How can investors check the status of their Envirotech Systems IPO application?
Investors can check the status of their IPO application through the online portal provided by the registrar, Bigshare Services Pvt Ltd, at https://ipo.bigshareonline.com/ipo_status.html. The registrar can also be contacted via phone at +91-22-6263 8200 or email at ipo@bigshareonline.com for any IPO-related queries.