Issue Price
₹53- ₹56
per equity share
Issue Size
39.94 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
2000
equity share
Please note
Listing at NSE
Envirotech Systems Limited
Important Dates
IPO Open Date
13 Sep 2024
IPO Close Date
19 Sep 2024
Allotment Date
20 Sep 2024
Initiation of Refunds
23 Sep 2024
Credit of Shares to Demat Account
23 Sep 2024
IPO Listing Date
24 Sep 2024
UPI Mandate Expiry Date
19 Sep 2024
IPO Details
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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Check Allotment StatusAbout 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.
Parent Organisation
-
Founded
2007
Managing Director
Mr. Manoj Kumar Gupta and Mrs. Sindhu Gupta
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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