Envirotech Systems Limited

13 Sep 2024 - 19 Sep 2024 Individual Category SME NSE

Min Investment

₹112000

Price Band

₹53-₹56

Issue Size

39.94 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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13 Sep 2024

Open Date

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19 Sep 2024

Close Date

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20 Sep 2024

Allotment Date

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24 Sep 2024

Listing Date

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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About Envirotech Systems Limited

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.

Founded

2007

Managing Director

Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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