Envirotech Systems Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹56
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,12,000
Issue Size
₹30.24 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Envirotech Systems Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.47%
Promoter Holding (Post-Issue)
68.75%
Issue Type
Book Building - SME
ISIN
INE0SUH01015
About the Company
Envirotech Systems Limited is a leading acoustic engineering organization specializing in noise measurement and control for industrial and commercial applications. Incorporated in 2007, the company has expanded its capabilities to include innovative acoustical product design and manufacturing. With over 98 employees and a network of technical experts, the company offers cost-effective solutions for various acoustical challenges in industrial, commercial, architectural, and environmental markets.
Industry Overview
India's Acoustics market i.e. NVH (Noise, Vibration, and Harshness) Testing market has valued at USD 141 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.33% through 2029. The Noise, Vibration, and Harshness (NVH) Testing market in India have been experiencing significant growth and transformation in recent years, reflecting the country's dynamic industrial landscape and increasing focus on product quality and performance. NVH testing is a critical aspect of product development and quality assurance across various industries, and India is no exception to this global trend. This burgeoning market is shaped by a multitude of factors, including the rapid expansion of the automotive, aerospace, consumer electronics, and construction sectors, all of which rely heavily on NVH testing to ensure their products meet stringent noise and vibration standards. The Indian acoustic insulation industry has witnessed significant growth in recent years due to the increasing focus on noise control, improved building standards, and enhanced awareness of the detrimental effects of noise pollution.
Company History
Envirotech Systems Limited was originally incorporated as "Envirotech Gensets Private Limited" as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 09, 2007, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on June 01, 2009, the name of the Company was changed to "Envirotech Systems Private Limited" and a fresh certificate of incorporation dated June 10, 2009 was issued to the Company by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on May 04, 2022, the Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to "Envirotech Systems Limited" and a fresh certificate of incorporation dated June 03rd, 2022 was issued to the Company by the Registrar of Companies, NCT of Delhi and Haryana. The Corporate Identification Number of the Company is U31101DL2007PLC159075.
Products & Services
- Envirotech Systems Limited is a leading acoustic engineering organization specializing in noise measurement and control for industrial and commercial applications.
Growth Strategy
- Leveraging our Market skills and Relationships.
- Improving functional efficiencies.
- Enhance customer base and to establish long-term relationships.
- To build-up a professional organization.
- Expand geographical reach.
- Strengthening up its business through effective branding, promotional and digital activities.
- Achieving Operational Efficiencies.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of upto 54,00,000 equity shares of face value of Rs. 10/- each of Envirotech Systems Limited ("ESL" or "The Company") for cash at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) ("Issue Price") aggregating to Rs. 30.24 crores, of which 7,02,000 equity shares of face value of Rs. 10/- each at a price of Rs. 56 aggregating to Rs. 3.93 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion") and net issue to public of 46,98,000 equity shares of face value of Rs. 10/- each at a price of Rs. 56 aggregating to Rs. 26.31 crores (hereinafter referred to as the "Net Issue") the issue and the net issue will constitute 28.74 % and 25 % respectively of the post issue paid up equity share capital of the company. The Offer Price is Rs. 56 per equity share of face value of Rs. 10 each. The Offer Price is 5.6 times of the face value of the equity shares. Bid cane be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters and Management Team.
- Quality Assurance of its Services.
- Established relationship with existing client.
- Scalable Business Model.
- The Company, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- One of the members of the Promoter group has defaulted on a personal loan with outstanding of Rs 113,225 for which proceedings in DRT has been initiated against him. One of the members of the Promoter group has defaulted on a personal loan with outstanding of Rs 113,225 for which proceedings in DRT has been initiated against him.
- The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below.
- The company does not own registered office which is used by its currently.
- The Land being purchased by M/s Envirotech Systems Limited from M/s Oriental Trimex Limited has been pledged by Oriental Trimex Limited as collateral to secure a loan of approximately Rs.37.25 crore(against multiple locations properties located at Chennai, Kolkata, Greater Noida (Manufacturing Plants) & New Delhi (Residential) from Edelweiss Bank. In case of any delay in making payment there may be adverse effect on the expansion plans of the business.