
Capital Goods / Industrial Engineering · NSE
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.
Price Band
₹53 – ₹56
Issue Size
₹30.24 Cr
Lot Size
2000 shares
GMP
+83.9%
Est. Listing
₹103
at current GMP
Subscribed
91.88x
overall
Open
13 Sep 2024
Close
19 Sep 2024
Allotment
20 Sep 2024
Refund
21 Sep 2024
Demat Credit
22 Sep 2024
Listing
24 Sep 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
20 Sep 2024
Basis finalization
Refunds Initiate
21 Sep 2024
Mandate release
Demat Credit
22 Sep 2024
Shares in demat
Listing Debut
24 Sep 2024
Trading begins
Envirotech Systems Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Engineering sector with an aggregate issue size of ₹30.24 Crores. The shares are offered at a price band of ₹53 to ₹56 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,12,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-22, while un-allotted funds or UPI block mandates will be released on 2024-09-21.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.