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Envirotech Systems IPO
Price Band
₹53.0–56.0
Issue Size
₹30.24 Cr
Lot Size
2,000 shares
Min Investment
₹112,000
GMP
+₹47.0 (83.93%)
Issue Price
₹56.0
Subject to Sauda
₹71400
Paid only if allotted
Envirotech Systems IPO AI Summary
- Envirotech Systems IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹53.0–₹56.0 per share, lot size 2,000 shares (min. investment ₹112,000).
- Subscription window: 13 Sep–19 Sep 2024, listing on 24 Sep 2024.
- Current GMP is +₹47.0 (83.93%), an estimated listing price of ₹103 — unofficial and can change daily.
Envirotech Systems Limited is an SME IPO specializing in noise control solutions with a strong track record and growth in revenue and profitability. The IPO aims to raise funds for expansion and working capital, with a competitive valuation compared to peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Envirotech Systems IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Envirotech Systems IPO Grey Market Premium (GMP) Today
GMP
+₹47.0
GMP %
+83.93%
Est. Listing
₹103.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 38.67 | 22.76 | 13.87 |
| Total Income | 46.88 | 28.75 | 18.50 |
| Profit After Tax | 11.43 | 2.57 | 1.06 |
| NET Worth | 19.61 | 6.62 | 4.04 |
| Reserves and Surplus | 6.22 | 6.12 | 3.54 |
| Total Borrowing | 2.41 | 2.61 | 2.77 |
Key Ratios
EPS
₹8.54
NAV
₹14.64
ROE
58.29%
ROCE
62.43%
RoNW
58.29%
P/B Value
3.83
P/E Ratio
6.56
Market Cap
₹105.22 Cr
PAT Margin
24.72%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Envirotech Systems Limited This IPO | 14.64 | 58.29% | 6.56 | 8.54 | 8.54 |
Promoters
Manoj Kumar Gupta and Sindhu Gupta
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase Land and Building for setting up factory 12.00 2 Funding of working capital requirements of the Company 8.00 3 General Corporate Expenses
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹18.50 Cr in the year ending 31 Mar 2022, increasing to ₹28.75 Cr by 31 Mar 2023, and further rising to ₹46.88 Cr by 31 Mar 2024. This indicates a consistent upward trend in revenue over the periods.
Profit Trend
Profit after tax was ₹1.06 Cr in the year ending 31 Mar 2022, which increased to ₹2.57 Cr by 31 Mar 2023, and further rose to ₹11.43 Cr by 31 Mar 2024. This shows a significant growth in profitability over the periods.
Valuation
The company's implied P/E at the issue price is 6.56, compared to peers trading at a P/E range that is not provided. This indicates that Envirotech is priced at a relatively low multiple of its earnings.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO on its debut day. It reflects the demand and supply dynamics in the unofficial market before the stock starts trading on the exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health.
Who May Want to Wait
Investors who are risk-averse or prefer stable, well-established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 13 Sep 2024 and closes on 19 Sep 2024. Allotment of shares is expected on 20 Sep 2024, with the listing date set for 24 Sep 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if the stock price rises on its first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Envirotech Systems's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Envirotech Systems IPO GMP today?
Envirotech Systems IPO GMP today is +₹47.0 (83.93%), indicating an estimated listing price of ₹103. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Envirotech Systems IPO?
The price band of Envirotech Systems IPO is ₹53.0–₹56.0 per share.
When does Envirotech Systems IPO open and close?
Envirotech Systems IPO opens on 13 September 2024 and closes on 19 September 2024.
When does Envirotech Systems IPO list on the stock exchange?
Envirotech Systems IPO listed on 24 September 2024 at ₹103.0.
What is the lot size for Envirotech Systems IPO?
The lot size for Envirotech Systems IPO is 2000 shares, requiring a minimum investment of ₹112,000.
What is the price band for the IPO?
The price band for the IPO is ₹53.0 to ₹56.0.
What is the minimum investment required?
The minimum investment required is ₹112,000, which corresponds to a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on 13 Sep 2024 and closes on 19 Sep 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
When is the listing date?
The listing date is scheduled for 24 Sep 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Sep 2024
Close
19 Sep 2024
Allotment
20 Sep 2024
Listing
24 Sep 2024
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