Envirotech Systems IPO-Complete Overview, Valuation & Date

Envirotech Systems IPO-Complete Overview

Envirotech Systems IPO an SME IPO is a book built issue of Rs.30.24 crore by Envirotech Systems Ltd. which was founded in 2007. The company began producing noise measuring and control systems for business and industrial use.

Envirotech Systems is an expert in creating and supplying specialized enclosures for mechanical equipment and machinery that may be used indoors or outdoors. Anechoic & Semi-anechoic Chamber, Acoustic Enclosures, Envirotech Noise Barriers, Poly Carbonate Noise Barriers, Metallic Noise Barrier, Echo Barrier, Acoustic Louvers, and Envirotech Metal Doors are among the products offered by the company.

With a history of successful projects in sectors like manufacturing, power generation, oil and gas, cement and steel, automotive, and construction, the company provides its services all throughout India.

This new SME IPO is to be launched on 13 September 2024, and its ‘initial public offering’ will end on 19 September 2024.

Envirotech Systems IPO Overview

The Rs.30.24 crore Envirotech Systems Ltd. IPO consists of a total issue size of 5,400,000 Shares comprising a wholly fresh issue.

This SME IPO date is from September 13-September 19, 2024. The expected IPO listing date is Tuesday, September 24, 2024, on NSE and SME. Envirotech Systems IPO price band is Rs.53 to Rs.56 for each Share.

To open a demat account and apply for the IPO, Click Here.

Company Financial

The company's revenue grew by 63 %  and PAT rose by 344% between the FYs concluded 31 March 2024 and 31 March 2023.

Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

• The total assets of the company are Rs.3,867.47 lac.

• The total revenue of the company is Rs.4,687.95 lac.

• The company’s PAT is Rs.1,142.88 lac.

• The net worth of the company is Rs.1,960.62 lac.

• The company’s EBITDA is Rs.1,660.09 lac.
  
  

(Amount in lac)

 

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Product-wise Revenue Breakdown During The Last Three Fiscals 

 

Geography-wise Revenue Breakdown During The Last Three Fiscals 

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Acquire land and a building to establish a factory

• Financing the company's working cash needs

• Issue Costs

• General corporate purposes.

 

Peers of Envirotech Systems Ltd. 

There are no listed companies in India engaged in the same business of comparable size.

Evaluation

Envirotech Systems IPO Share price is Rs.53 to Rs.56 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.8.54 from the last year, the resulting P/E ratio is 6.55x.

Considering the weighted EPS of Rs.5.06 for the last three years, the P/E ratio is 11.06x.

Comparative Analysis With Listed Peers

No listed companies. So it is not possible to provide industry comparison.

IPO's Strengths 

• Knowledgeable managers and promoters

• Ensuring the quality of its services

• Developed a rapport with the current client

• Business model scalability.

 

IPO’s Weaknesses

• Capital constraints limit its potential for expansion and prevent it from growing at the best rate.

• Its existing market reach is limited due to the lack of a physical presence across the country.

• The infrastructure could be a hindrance when managing substantial volumes or carrying out expensive projects.

• The company had a negative cash flow from its operating, financing, and investing activities in the past FYs, and sustained negative cash flow could impact its growth and business.
  
  

Envirotech Systems IPO GMP Today

Envirotech Systems IPO GMP is Rs.0 as of 11 September 2024.

 

IPO Timetable (Tentative)

The Envirotech Systems IPO date is from September 13 to September 19, 2024, with allotment on September 20, refund initiation on September 23, and Envirotech Systems IPO listing date on September 24, 2024.

 

Envirotech Systems IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 13, 2024, close on September 19, 2024, and offer a total issue size of 5,400,000 Shares (aggregating up to Rs.30.24 Cr.).

 

 Envirotech Systems IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs.1,12,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs.2,24,000.

 

Envirotech Systems IPO Reservation

 

Promoters And Management of Envirotech Systems Ltd.

• Mr. Manoj Kumar Gupta

• Mrs. Sindhu Gupta

IPO Lead Managers

• Share India Capital Services Private Limited.
  
  

Dividend Policy

The company has not paid dividends for the last five years.

 

Conclusion

The company has experienced negative cash flow in operating, financing, and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public.

We believe the information offered in this blog helps you learn about the company's financial performance. so this blog will be very useful to you if you are looking for information about the approaching ipo since it will give you reliable data about the company's insights, financials, and past performance. if this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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