Business Standard

Envirotech Systems Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

30.24 cr

Price Range (₹)

56

Lot Size

2000

Min Investment (₹)

1,12,000.00

Listing Exchange

NSE - SME

Open Date

13-Sept-2024

Close Date

19-Sept-2024

Listing Date

24-Sept-2024

Envirotech Systems Ltd News

    The Shares of Envirotech Systems Ltd have now been listed.

    Envirotech Systems Ltd IPO Details

    Initial public issue of upto 54,00,000 equity shares of face value of Rs. 10/- each of Envirotech Systems Limited (ESL or The Company) for cash at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) (Issue Price) aggregating to Rs. 30.24 crores, of which 7,02,000 equity shares of face value of Rs. 10/- each at a price of Rs. 56 aggregating to Rs. 3.93 crores will be reserved for subscription by market maker (Market Maker Reservation Portion) and net issue to public of 46,98,000 equity shares of face value of Rs. 10/- each at a price of Rs. 56 aggregating to Rs. 26.31 crores (hereinafter referred to as the Net Issue) the issue and the net issue will constitute 28.74 % and 25 % respectively of the post issue paid up equity share capital of the company.The Offer Price is Rs. 56 per equity share of face value of Rs. 10 each.The Offer Price is 5.6 times of the face value of the equity shares.Bid cane be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

    Objective of issue

    Purchase Land and Building for setting up factory. Funding of working capital requirements. General corporate expenses.

    Envirotech Systems Ltd Contact Details

    Envirotech Systems Ltd, 302 Kushal Bazar, 32-33, Nehru Place, New Delhi-110019

    Phone - 011-42425004

    Fax -

    Email - cs@envirotechltd.com

    Website - www.envirotechltd.com