Envirotech Systems IPO price range is set to Rs. 53 to Rs. 56 per equity shares with a face value of Rs. 10 each
Envirotech Systems IPO is book built issue of Rs. 30.24 crores. The issue is fresh issue of 54.00 lakh equity shares. . The minimum order quantity of the issue is 2000 equity shares, aggregating to Rs. 1,12,000.
Envirotech Systems IPO allotment scheduled from Friday, September 13 to Wednesday, September 18, 2024. The allotment of the IPO is expected to finalized on Thursday, September 19, 2024. The IPO will list on NSE SME with tempting date fixed on Monday, September 23, 2024.
Share India Capital Services Private Limited is book running lead manager. Yes Bank Limited is sponsor bank of the IPO. Bigshare Services Private Limited is registrar to the issue.
Objects of the issue:-
The Company proposes to utilize the funds in the following objects-
- Purchase Land and Building fir setting up factory;
- Funding of working capital requirements of the Company;
- General corporate expenses; and
- Issue Expenses.
Financials:-
Envirotech Systems revenue has increased by 63.07% and profit after tax (PAT) rose up by staggering 314.11% in Financial Year 2024, as compared to FY2023.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 1,960.62 | 661.73 | 404.40 |
| Revenue | 4,687.95 | 2,874.78 | 1,849.54 |
| PAT | 1,142.88 | 257.34 | 105.73 |
| PAT Margin | 24.72% | 9.09% | 5.84% |
| Total Borrowings | 240.50 | 260.67 | 276.61 |
About Envirotech Systems Limited (https://www.envirotechacoustics.com/)-
Incorporated in 2007, Envirotech Systems Limited is one of the most renowned companies for its acoustic solutions. We lead the market with our large range of products and solutions that can cater to almost every acoustic need. Company’s capability to provide noise control solutions is spread over a number of domains.
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