Envirotech Systems Limited
IPO Details
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Lot Distribution
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Company Fin.
₹47(83.93%)
Premium (ELP)
Envirotech Systems Limited's has transitioned to a publicly listed entity following its IPO debut on Sep 24, 2024 at the NSE exchange. The public offering successfully raised 54,00,000 Shares, consisting of 54,00,000 Sharesin new capital.
The IPO featured a competitive price range of ₹53 to ₹56 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between Sep 13, 2024 and Sep 19, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Sep 20, 2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Envirotech Systems Limited, established in 2007, specializes in noise measurement and control solutions for industries like oil and gas, manufacturing, and power generation. It offers products such as Noise Test Booths, Acoustic Enclosures, and Noise Barriers, benefiting from its early entry into the acoustic insulation sector and the extensive experience of its promoters. With a strong focus on research, certified products, and strategic partnerships, the company ensures innovative and reliable solutions. Backed by a team of over 98 employees, Envirotech has built a solid market presence across India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Seasoned Leadership: With over 20 years of industry experience, the team brings strong market knowledge and expert guidance.
- Commitment to Quality: Strict testing and government certifications ensure top-notch reliability and high standards for all products.
- Trusted Partnerships: Long-standing relationships with various industries help maintain a loyal and steady customer base.
- Legal Challenges: Ongoing legal cases could impact Afcons' business operations and financial health.
- Promoter Loan Issues: If a promoter defaults on a personal loan, it could affect the company’s reputation and financial stability.
- Office Ownership Concern: Since the company operates from a rented office, there could be risks related to long-term stability and continuity.
- Mr. Manoj Kumar Gupta
- Mrs. Sindhu Gupta
Envirotech Systems Limited
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