Envirotech Systems IPO– Incorporated in 2007, Envirotech Systems is a leading manufacturer of acoustic products, specializing in noise measurement and control solutions for industrial and commercial applications. Envirotech Systems specializes in designing and supplying custom enclosures for noise reduction in machinery and mechanical equipment, suitable for both indoor and outdoor use. The company’s product range includes 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, and Envirotech Metal Doors.
The company provides its services across India and has a proven track record of successful projects in industries such as oil and gas, manufacturing, power generation, cement and steel, automotive, and construction. As of 2 September 2024, the company employs over 98 people.
Envirotech Systems IPO Dates
The Envirotech Systems IPO date is September 13 and the close date is September 17. The Envirotech Systems IPO allotment will be finalized on September 18 and the IPO listing on September 20.
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 17, 2024 |
| Basis of Allotment: | September 18, 2024 |
| Refunds: | September 19, 2024 |
| Credit to Demat Account: | September 19, 2024 |
| IPO Listing Date: | September 20, 2024 |
Envirotech Systems IPO open date is September 13, 2024 and the IPO will close on September 17, 2024. Envirotech Systems IPO is a Book Built Issue. The company to raise around ₹30.24 crores via IPO that comprises fresh issue of ₹30.24 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Envirotech Systems IPO price band is ₹53 to ₹56 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Envirotech Systems IPO to list on NSE on September 20, 2024. The allotment of Envirotech Systems IPO date is September 18, 2024.
The company reported revenue of ₹46.88 crores in 2024 against ₹28.75 crore in 2023. The company reported profit of ₹11.43 crores in 2024 against profit of ₹2.57 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Envirotech Systems IPO Details
| Envirotech Systems IPO Dates | 13 – 17 September 2024 |
| Envirotech Systems Issue Price | INR 53 – 56 per share |
| Fresh issue | 54,00,000 shares |
| Offer For Sale | NIL |
| Total IPO size | 54,00,000 shares |
| Minimum bid (lot size) | 2,000 shares (INR 1,12,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Envirotech Systems Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 17.52 | 27.15 | 45.02 |
| Expenses | 17.06 | 25.22 | 31.28 |
| Net income | 1.06 | 2.57 | 11.43 |
