Envirotech Systems IPO: Important Details of Upcoming IPO

1. Envirotech Systems IPO is a fixed-price issue worth up to Rs 30.34 crores.
2. Bidding opens on September 13 and closes on September 17, 2024.
3. Envirotech Systems SME IPO price band is set at Rs 53 – Rs 56 per share.
4. The minimum amount required for retail investors is Rs 1,12,000.

Envirotech Systems IPO: Synopsis

Envirotech Systems IPO is open for subscription from Friday, September 13, 2024, and closes on Tuesday, September 17, 2024. The price band for this IPO is set at Rs 53 – Rs 56 per share.

Envirotech Systems IPO is offering entirely a fresh issue of 54 lakh equity shares worth up to Rs 30.24 crore equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 18, 2024. The listing of this IPO will be done on Friday, September 20, 2024, at the NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 112,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 224,000.

The IPO is managed by Share India Capital Services Private Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

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Envirotech Systems Limited: About the Company

Envirotech Systems Limited was formed in 2007 and is involved in the manufacture of Noise measurement and control solutions for Industry and commerce. Its product range includes noise test booths, acoustic enclosures, noise barriers, and metal doors for interior and exterior applications, bespoke noise reduction enclosures, and a wide range of machinery and mechanical equipment.

Backed by a heavy foothold in industries such as oil and gas, power generation, and manufacturing, Envirotech has gained its reputation for innovation and technical acumen. The company is poised with strength due to early entry into the sector of acoustic insulation, together with an accomplished technical team. As of March 31, 2024, Envirotech employs more than 98 people.

Envirotech Systems IPO: Objectives

The company intends to allocate the funds raised to accomplish the following objectives and gain the benefits of listing on the Emerge Platform of NSE: purchasing land and a building for setting up a factory, funding working capital requirements, covering general corporate expenses, and addressing Issue-related expenses.

Envirotech Systems IPO: Other Important Details

Time Table of Envirotech Systems IPO

Envirotech Systems Limited IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Envirotech Systems Limited and Their Holdings

The company's promoters are Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta. They collectively held 96.48% of the company's shares. However, their shareholding will be 68.75%.

FAQs

1.   What are the core details available for the Envirotech Systems IPO?

Envirotech Systems IPO is a book-built public issue of 54 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 54 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 18, 2024.

2.   How can I apply for the Envirotech Systems IPO?

The public subscription of this new IPO opens on September 13 and closes on September 17, 2024. Click here to initiate the application process.

3.   Who is the lead manager(s) for the Envirotech Systems IPO?

Share India Capital Services Private Limited was appointed as the book-running lead manager for the IPO.

4.   Who is appointed as the registrar for this IPO?

Bigshare Services Private Limited has been appointed as the registrar for this public issue.

5.   How will the net proceeds from the IPO will be utilised?

The company intends to allocate the funds raised to accomplish the following objectives and gain the benefits of listing on the Emerge Platform of NSE: purchasing land and a building for setting up a factory, funding working capital requirements, covering general corporate expenses, and addressing Issue-related expenses.

6.   How can I check the allotment status of Envirotech Systems IPO?

Investors who applied for an IPO can check the allotment status of the Envirotech Systems IPO by visiting here. For further updates, follow Bigul.

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