Envirotech Systems Limited IPO

Envirotech Systems IPO: Fresh issue of 54L shares worth INR 30.24 Cr. Funds for land purchase, working capital, and general corporate expenses.

Important Details

Open Date : September 13, 2024 Close Date : September 17, 2024 Allotment Date: September 18, 2024 Listing Date: September 20, 2024

Important Details

IPO Price: INR 53-56 per share Lot Size: 2000 Shares Total Issue Size: INR 30.24 crores

Fundamental Analysis

Envirotech Systems IPO shows mixed performance: 1. Revenue up. 2. Higher profitability and EPS. 3. Increased RoNW, Improved liquidity. 4. Efficient inventory management, Lower debt reliance.

Peer Comparison.

Envirotech Systems Ltd sees no exact comparables in terms of business model, size, or financials.

Objective

Envirotech Systems Ltd aims to purchase land and buildings for a factory and fund working capital needs.

Risks And Challenges

Envirotech Systems IPO Risks: 1. Tax proceedings risk. 2. Lease non-renewal impact. 3. Property purchase issues: payment delays and transfer complications.