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TCS, HDFCBANK, SBI Liquid Fund (G)
Envirotech Systems Ltd.

ENVIRO

Equity

NSE

Min. Investment

53,000.00

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IPO Details

Bidding Dates

13 Sept 24 - 19 Sept 24

Price Range ₹

53 - 56

Total Equity

30.24Cr

Lot Size

2000

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

13 Sept 2024

Allotment

18 Sept 2024

Demat transfer

18 Sept 2024

Offer end

19 Sept 2024

Refund initiation

19 Sept 2024

Listing

24 Sept 2024

About Company

Founded in 2007, Envirotech Systems Limited specializes in manufacturing noise measurement and control solutions for industrial and commercial applications. The company designs and supplies custom enclosures to reduce noise from machinery and mechanical equipment, suitable for both indoor and outdoor use. Their product offerings include Noise Test Booths, Engine Test Room Acoustics, Anechoic & Semi-Anechoic Chambers, Acoustic Enclosures, Envirotech Noise Barriers, Polycarbonate Noise Barriers, Metallic Noise Barriers, Echo Barriers, Acoustic Louvers, and Envirotech Metal Doors. Envirotech Systems serves clients across India and has a successful track record in industries such as oil and gas, manufacturing, power generation, cement and steel, automotive, and construction. Key Strengths: 1. Early entry into the acoustic insulation sector has provided the company with a significant competitive edge. 2. The promoters have over 20 years of industry experience, giving them deep market insights. 3. A highly experienced technical team ensures efficient execution of projects across various sectors. 4. Strong focus on research and development allows the company to stay at the forefront of innovation. 5. Strategic partnerships with industry experts further enhance the company’s technical expertise and market knowledge. 6. All products undergo stringent testing and are certified by government bodies, ensuring high quality and reliability. 7. A broad customer base across diverse segments highlights the company’s strong market presence and credibility. 8. The company employs over 98 people.

Year Founded

09-02-2007

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage96.4868.75
Share Capital1291765012917650

Offer to Public

54,00,000.00 Cr

Project Details

  • Purchase Land and Building for setting up factory - 120cr
  • Funding of Working Capital requirements - 80cr

Objectives

  • Purchase Land and Building for setting up factoryFunding of working capital requirements of the CompanyGeneral Corporate ExpensesIssue Expenses

Highlights

  • The company’s nationwide service coverage ensures a broad market reach and growth potential.
  • Rigorous inspection processes by trained inspectors maintain high product quality and reliable delivery.
  • Expertise in handling various steel types and materials positions the company as a leader in manufacturing for diverse applications.
  • A diverse portfolio of projects across sectors like oil & gas, power, cement, steel, and automobiles reduces dependency on any single industry.
  • Consistent increases in revenue and PAT reflect the company’s strong financial performance and upward trajectory.

Challenges

  • Involvement in ongoing legal disputes could result in adverse judgments that may harm the company’s business prospects.
  • The company’s land purchase is contingent on clearing a loan by Oriental Trimex, and any delays in this process could hinder expansion plans.
  • The reliance on a single manufacturing facility in Noida leaves the company vulnerable to location-specific risks or disruptions.
  • A large portion of revenue depends on a few key clients, and losing them could significantly impact financial performance.
  • The company’s outstanding debt of Rs 8.48 crore poses a risk, especially if it faces challenges in servicing or repaying the loans.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20221,386.5250.00105.73105.730.8133
20211,096.4550.00105.73105.730.8133
20232,275.7350.0069.7069.700.5362
20243,867.481,339.001,142.881,142.888.5353
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