Envirotech Systems Limited - IPO
SMEEnvirotech Systems Stock Price
Envirotech Systems IPO Details
Envirotech Systems IPO Subscription
Envirotech Systems IPO Application Wise Breakup
Envirotech Systems IPO Dates
- 13 Sep 2024Opening dateOPD
- 19 Sep 2024Closing dateCOD
- 20 Sep 2024Basis of AllotmentBOA
- 23 Sep 2024Initiation of RefundsIOR
- 23 Sep 2024Credit of SharesCOS
- 24 Sep 2024Listing dateLID
Envirotech Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 2000 | ₹112,000 |
| Retain Maximum | 1 | 2000 | ₹112,000 |
| HNI Minimum | 2 | 4000 | ₹224,000 |
Envirotech Systems IPO Reservation
Promoter Holding
Envirotech Systems IPO Valuations
Envirotech Systems Limited Financial Information
Envirotech Systems Limited's revenue increased by 63% and profit after tax (PAT) rose by 344% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,867.47 | 2,275.73 | 1,386.51 | |||||||||||||||||||||||||||
| Revenue | 4,687.95 | 2,874.78 | 1,849.54 | |||||||||||||||||||||||||||
| Profit After Tax | 1,142.88 | 257.34 | 105.73 | |||||||||||||||||||||||||||
| Net Worth | 1,960.62 | 661.73 | 404.4 | |||||||||||||||||||||||||||
| Reserves and Surplus | 621.62 | 611.73 | 354.4 | |||||||||||||||||||||||||||
| Total Borrowing | 240.5 | 260.67 | 276.61 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Envirotech Systems IPO
Founded in 2007, Envirotech Systems Limited manufactures noise measurement and control solutions for industrial and commercial applications.
Envirotech Systems specializes in the design and supply of custom enclosures for noise reduction in machinery and mechanical equipment, suitable for both indoor and outdoor applications. The company's product list includes Noise Test Booth, Engine Test Room Acoustics, Anechoic & Semi-anechoic Chamber, Acoustic Enclosure, Envirotech Noise Barriers, Poly Carbonate Noise Barriers, Metallic Noise Barrier, Echo Barrier, Acoustic Louvers, And Envirotech Metal Doors.
The company offers its services across India and has a track record of successful projects in industries such as oil and gas, manufacturing, power generation, cement and steel, automotive and construction.
Competitive Strengths:
- Early entry into the Acoustic Insulation sector has given the company a distinct competitive advantage.
- The promoters have more than two decades of valuable experience in the industry, giving the company an in-depth understanding of market dynamics.
- An accomplished technical team with a wealth of experience in project execution ensures competent project execution across a wide spectrum.
- A strong commitment to research and development and continuous product development that enables the company to remain at the forefront of innovation.
- The company has entered into strategic partnerships with industry experts that enhance its technical expertise and market knowledge.
- All product ranges undergo rigorous testing and receive certifications from recognized government bodies that confirm their quality and reliability.
- An extensive customer database covering various segments underlines the company's strong market presence and trust.
The company employs over 98 people.
Strength Of Envirotech Systems IPO
1. Experienced Promoters and Management Team.
2. Quality Assurance of its Services.
3. Established relationship with existing client.
4. Scalable Business Model.
Risk Of Envirotech Systems IPO
1. 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.
2. 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.
3. The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below.
4. The company does not own registered office which is used by its currently.
5. 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.
6. The company is highly dependent on its suppliers for uninterrupted procurement and sale of the company traded goods. Any disruption of supply from such entities may affect its business operations.
7. The company has not made any provision regarding payment of gratuity in its restated and audited financial statements of the company.
8. The company has Manufacturing Facility, continued operations of its manufacturing facility is critical to the company's business and any disruption in the operation of its manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.
9. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
10. Substantial portion of its revenues has been dependent upon the company few customers. The loss of any one or more of its major clients would have a material adverse effect on its business operations and profitability.
Objectives Envirotech Systems IPO
- Purchase Land and Building for setting up factory
- Funding of working capital requirements of the Company
- General Corporate Expenses
- Issue Expenses
Company Contact Details
Envirotech Systems Limited
A-29, Block-A,
Shyam Vihar Phase-I,
New Delhi - 110043
Phone: +0120-4337633
Email: cs@envirotechltd.com
Website: https://www.envirotechltd.com/
Registrar Contact Details
Lead Mangers
Share India Capital Services Private Limited
Market Maker
Share India Securities