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Envirotech Systems IPO
Envirotech Systems Ltd
₹1,06,000 /2000 sharesMinimum investment
IPO details
Minimum investment
₹1,06,000
Price range
₹53 - ₹56
Lot size
2,000
Issue size
30.24 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total49.06x
As of 19 Sep'24, 05:00 PM
Schedule
13 Sep 2024
IPO open date
19 Sep 2024
IPO close date
20 Sep 2024
Allotment date
20 Sep 2024
Funds unblock or debit
24 Sep 2024
Tentative listing date
About
Founded in
2007
MD/CEO
Mr. Manoj Kumar Gupta
Parent organisation
Envirotech Systems Ltd
Envirotech Systems Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company offers its services pan-India.
The company claims to ensure quality through trained inspectors who oversee both product quality and final delivery.
The company claims to operate advanced manufacturing facilities that handle carbon steel, stainless steel, and alloy steel, using materials like rock wool and multiple sound-dampening and absorbing materials.
The company has completed projects in various industries like oil & gas, manufacturing, power generation, cement & steel, automobiles, and construction.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 17.52 crore in FY22 to Rs 27.15 crore in FY23 to Rs 45.02 crore in FY24, while PAT increased from Rs 1.06 crore in FY22 to Rs 2.57 crore in FY23 to Rs 11.43 crore in FY24.
The company, its promoters, directors, and group entities are involved in certain legal proceedings. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
The company is purchasing land from Oriental Trimex Limited for expansion purposes. But this land has been pledged by Oriental Trimex with Edelweiss as collateral for a loan of approximately Rs 37.25 crore. Envirotech is obliged to make certain payments to see this transaction take place successfully. Any delay in this regard can be detrimental to the company’s business.
The company’s manufacturing facility is located in Noida, New Delhi. The business relies on the smooth operation of this facility. Any adverse changes or developments in this location can hurt the company’s performance and financial standing.
A major portion of Envirotech Systems’ revenue from operations is dependent on certain key customers. These customers contributed 50.43%, 26.83%, and 43.26% in FY24, FY23, and FY24 to the revenue from operations. Any loss of these key customers or a decline in demand from them can be detrimental to the company’s finances and operations.
As of March 31, 2024, Envirotech Systems’ total debt amounted to Rs 8.48 crore. Any inability to service or repay these loans could adversely affect the business.
Application details
For Envirotech Systems IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹53 - ₹56 | ₹2 - ₹5 Lakhs | 2000 |
| High Networth Individual | ₹53 - ₹56 | ₹2 - ₹5 Lakhs | 2000 |