Envirotech Systems IPO subscription status started on September 13, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹30.24 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹53 to ₹56 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹1,12,000. Envirotech Systems IPO is a SME IPO that will be listed on the NSE.
Also read: Envirotech Systems IPO: Dates, Pricing, and Allotment 2024
Table of contents
IPO Overview
Established in 2007, Envirotech Systems Limited is renowned for its acoustic solutions. Over time, the company has expanded its range to include innovative products such as Automotive Noise Test Booths, Sliding Folding Partitions, Commercial Architectural Acoustics, Acoustic Consultancy, Acoustic Doors, Noise Barriers, and Acoustic Enclosures. Utilizing modern technologies and equipment, the company operates a spacious factory covering over 21,520 sq. ft. With a team of 98 employees and a network of technical experts, Envirotech Systems offers cost-effective solutions for various acoustical challenges across different industries, including cement, oil & gas, steel, and power generation.
Furthermore, Envirotech Systems specializes in custom enclosures for noise reduction, catering to both indoor and outdoor applications. Their product lineup features Noise Test Booths, Engine Test Room Acoustics, Anechoic & Semi-anechoic Chambers, Acoustic Enclosures, Envirotech Noise Barriers, Polycarbonate Noise Barriers, Metallic Noise Barriers, Echo Barriers, Acoustic Louvers, and Envirotech Metal Doors.
IPOGMP.IN View
We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Envirotech Systems IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|---|
| QIB | 0.00 | 0.00 | 3.07 | 3.07 | 68.12 |
| NII | 2.33 | 3.12 | 8.17 | 12.05 | 187.14 |
| RII | 4.43 | 11.38 | 23.38 | 32.94 | 64.16 |
| Total | 2.71 | 6.36 | 14.32 | 19.93 | 91.67 |
Envirotech Systems IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Envirotech Systems
- Apply
Envirotech Systems IPO Form
To apply for the Envirotech Systems IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 13, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
Log in to Zerodha Console, select the IPO and complete your bid. Approve the mandate via UPI.
Open Zerodha Demat Account
Log in to Angel One, select the IPO and complete your bid. Approve the mandate via UPI.
Open Angel One Demat Account
Log in to Paytm Money, select the IPO, and complete your bid. Approve the mandate via UPI.
Open Paytm Money Demat Account
Log in to Upstox, select the IPO, and complete your bid. Approve the mandate via UPI.
Open Upstox Demat Account
Follow IPOGMP.IN for Upcoming IPO news and IPO GMP. Connect with us on Twitter, Facebook, and Instagram.
