
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
Overall Subscription
91.88x
Total Demand
QIB Multiplier
68.12x
Institutions & Funds
NII / HNI
188.14x
High Net-Worth
Retail (RII)
64.16x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 940,000 | 64,030,000 | 68.12x |
| NIB | 706,000 | 132,826,000 | 188.14x |
| RETAIL | 1,646,000 | 105,614,000 | 64.16x |
| Total | 3,292,000 | 302,470,000 | 91.88x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 945 | 60,631 | 64.16x |
| HNIs (10L +) | 6 | 1,129 | 188.14x |
| HNIs (2-10L) | 29 | 5,456 | 188.14x |
| Total Applications | 980 | 67,216 | 68.59x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Envirotech Systems Limited IPO is ₹47 per equity share. Based on the upper price band of ₹53 to ₹56 per equity share, the estimated listing price is ₹103 (+83.9% expected listing gain).
With a lot size of 2000 shares and current GMP of ₹47, the expected profit per application lot is approx ₹94,000 (+83.9% gain). Minimum application cost is approx ₹1,12,000.
The Envirotech Systems Limited IPO aggregate issue size is ₹30.24 Crores with an equity price band set at ₹53 to ₹56 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,12,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 91.88x (Retail: 64.16x, QIB: 68.12x, NII: 188.14x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-09-20. Investors can verify status using PAN card or application number.
Envirotech Systems Limited shares are scheduled to list on NSE on 2024-09-24.