Envirotech Systems Limited IPO GMP

Envirotech Systems Limited is one of the most renowned companies for its acoustic solutions. They lead the market with their large range of products and solutions that can cater to almost every acoustic need. Their capability to provide noise control solutions is spread over a number of domains. 

Envirotech, an Book Built Issue amounting to ₹30.24 Crores, consisting entirely an Fresh Issue of 54.00 Lakh Shares. The subscription period for the Envirotech IPO opens on September 13, 2024, and closes on September 18, 2024. The allotment is expected to be finalized on or about Thursday, September 19, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, September 23, 2024.

The Share price band of Envirotech IPO is set at ₹53 to ₹56 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹112,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹224,000.

Share India Capital Services Private Limited is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the Issue.  Share India Securities Limited is the sole Market Marker for the Envirotech Systems IPO.

Envirotech Systems Limited IPO GMP Today
The Grey Market Premium of Envirotech Systems Limited IPO is expected in the range of ₹20 to ₹22 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Envirotech Systems Limited IPO Live Subscription Status Today
As of 01:08 PM on 19 September 2024, the Envirotech Systems Limited IPO live subscription status shows that the IPO subscribed 26.17 times on its final day of subscription period. Check the Envirotech Systems Limited IPO Live Subscription Status Today at NSE.

Envirotech Systems Limited IPO Anchor Investors Report
Envirotech Systems has raised ₹7.87 Crore from Anchor Investors at a price of ₹56 per share in consultation of the Book Running Lead Managers. The company allocated 1,406,000 equity shares to the Anchor Investors. Check Full list of Envirotech Systems Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Envirotech Systems Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Envirotech Systems IPO allotment date is 19 September, 2024, Thursday. Envirotech Systems IPO Allotment will be out on 19th September 2024 and will be live on Registrar Website from the allotment date. Check Envirotech Systems Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Envirotech Systems Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Envirotech Systems Limited IPO
Envirotech Systems Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1200.00 Lakhs is required for Purchase Land and Building for setting up factory 
2. ₹800.00 Lakhs is required for Funding of working capital requirements of the Company 
3. General Corporate Expenses 
4. Issue Expenses

Refer to Envirotech Systems Limited RHP for more details about the Company.