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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Arkade Developers Limited, Archit Nuwood Industries Limited.

The current active IPO is Envirotech Systems Limited, Deccan Transcon Leasing Limited, Western Carriers (India) Limited, Sodhani Academy of Fintech Enablers Limited, Excellent Wires and Packaging Limited, Innoment Advanced Materials Limited.

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About Envirotech Systems Limited

Envirotech Systems Limited is a leading acoustic products manufacturing organization specializing in noise measurement and control for industrial and commercial applications. Incorporated in 2007, they have expanded their capabilities to include innovative acoustical product design and manufacturing. With over 98 employees and a network of technical experts, they offer cost-effective solutions for various acoustical challenges in industrial, commercial, architectural, and environmental markets. Their comprehensive services encompass research, cost-benefit analysis, and engineering solutions to provide us with the most efficient noise abatement solutions.

Manufacturing Facility & Infrastructure 
- They have state-of-the-art manufacturing facilities capable of working with carbon steel, stainless steel, and alloy steel, using materials like rock wool, multiple sound dampening & absorbing materials. 
- Their facilities include welding, painting, and fabrication areas for large structures and equipment. 
- Their skilled workforce and qualified welders ensure sustained production. 
- They have technical personnel proficient in various NDT levels.

Envirotech Systems Limited offers its services across India, catering to a diverse range of industrial and commercial clients. While they also export some products, the revenue generated from these exports is not a significant portion of their overall revenue. While they provide their services PAN India, their focus remains on delivering bespoke solutions that align with individual customer requirements. The Company have a track record of over various successful projects in industries such as Oil & Gas, Manufacturing, Power Generation, Cement & Steel, Automobile, and Construction, ESL continues to expand both domestically and internationally. 
At Envirotech Systems Limited, we deliver professional and concise solutions for noise control needs.

INDIAN ACOUSTIC MARKET
India’s Acoustics market i.e. NVH (Noise, Vibration, and Harshness) Testing market has valued at USD 141 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.33% through 2029. The Noise, Vibration, and Harshness (NVH) Testing market in India have been experiencing significant growth and transformation in recent years, reflecting the country's dynamic industrial landscape and increasing focus on product quality and performance. NVH testing is a critical aspect of product development and quality assurance across various industries, and India is no exception to this global trend. This burgeoning market is shaped by a multitude of factors, including the rapid expansion of the automotive, aerospace, consumer electronics, and construction sectors, all of which rely heavily on NVH testing to ensure their products meet stringent noise and vibration standards.

The Indian acoustic insulation industry has witnessed significant growth in recent years due to the increasing focus on noise control, improved building standards, and enhanced awareness of the detrimental effects of noise pollution.

India's automotive industry, one of the largest in the world, has witnessed a surge in NVH testing activities. As Indian consumers become increasingly discerning and prioritize vehicle comfort and noise reduction, automakers and suppliers are investing significantly in NVH testing to meet these expectations. This is particularly relevant in the context of India's diverse and challenging road conditions, where NVH testing plays a pivotal role in enhancing the driving experience. Furthermore, as the country transitions towards cleaner and more sustainable transportation solutions, such as electric vehicles (EVs), NVH testing is indispensable in optimizing the acoustic performance of these vehicles, ensuring they are not only eco-friendly but also comfortable and quiet.

The auto sector is one of the key pillars of the growing economy in India, contributing about 7.3 percent to our GDP. The Indian automobile industry posted a satisfactory performance, with the domestic industry growing by 12.5 per cent during the last financial year (FY24) to 2,38,53,463 units compared with 2,12,04,846 in the previous year. In terms of future outlook, the industry expects to remain optimistic as the macroeconomic outlook remains positive. Coupled with good monsoon outlook, the industry is expecting continued growth this year as well. Given the positive outlook for automotive industry, acoustics industry could also get boost as both industries perform parallelly.

The aerospace industry in India has also embraced NVH testing as a critical component of research and development efforts. With the growth of the aviation sector and the government's emphasis on indigenous aerospace manufacturing, there is a heightened focus on meeting global standards for aircraft noise reduction and passenger comfort. NVH testing ensures that aircraft and their components comply with stringent noise and vibration criteria, contributing to safer and more comfortable air travel experiences. This sector's increasing reliance on NVH testing is indicative of India's ambition to establish itself as a global player in aerospace manufacturing and technology. The consumer electronics sector in India has been experiencing a seismic shift, driven by the rapid digitalization, and changing consumer preferences. As consumers demand quieter and more efficient electronic devices, manufacturers are integrating NVH testing into their product development processes. This is particularly crucial in the realm of smartphones, laptops, and home appliances, where noise and vibration levels can significantly impact user satisfaction and product performance. With the proliferation of Internet of Things (IoT) devices and the expansion of the smart home ecosystem, NVH testing has become indispensable to ensure a seamless and quiet user experience.

India is expected to overtake China and the United States as the world's third-largest air passenger market in the next ten years, by 2030, according to the International Air Transport Association (IATA). Further, the rising demand in the sector has pushed the number of airplanes operating in the sector. The number of airplanes is expected to reach 1,100 planes by 2027. 

During April-October 2023, the domestic passenger traffic stood at 175.42 million, registering a 19.4% increase, and international passenger traffic stood at 38.55 million, a 26.2% increase, as compared to the same period the previous year. 

In FY23, airports in India pegged the domestic passenger traffic to reach 270.34 million, a 62.1% YoY increase, and international passenger traffic to reach 56.9 million, a 157% YoY increase, as compared to FY22.

Between FY16 and FY23, freight traffic increased at a CAGR of 2.20% from 2.70 MMT to 3.15 MMT. Freight traffic stood at 3.15 million metric tonnes in FY23. Freight traffic in airports in India has the potential to reach 17 MT by FY40. In FY22, the number of aircraft movements stood at 1,757,112, and aircraft movements reached 2.5 million in FY23. To cater to the rising air traffic, the Government of India has been working towards increasing the number of airports. As of 2023, India has 148 operational airports. India has envisaged increasing the number of operational airports to 220 by 2025. Acoustics also play a major role in aerospace industry and given the demand in aerospace industry, acoustics demand could be witnessed parallelly.

Moreover, India's construction and infrastructure development sector are on an upward trajectory, driven by urbanization and ambitious government initiatives like the development of smart cities. In this context, NVH testing plays a crucial role in addressing noise and vibration concerns associated with buildings, bridges, and other infrastructure projects. Ensuring structural integrity and occupant comfort is paramount, and NVH testing helps in achieving these goals in the context of densely populated urban environments. The construction industry's increasing adoption of NVH testing reflects its commitment to delivering high-quality and sustainable infrastructure solutions. The growth of the NVH testing market in India is further catalysed by the country's emergence as a global manufacturing and technology hub. International companies specializing in NVH testing solutions view India as a strategic market and are expanding their presence to tap into the country's burgeoning demand. This not only contributes to the growth of the NVH testing market but also enhances India's capabilities in research and development, manufacturing, and service delivery in this field.

India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the ~Rs 67 lakh crore spent in the previous seven starting fiscal 2017.

As the NVH testing market in India continues to expand, there are several key trends and challenges to consider. Firstly, the adoption of advanced technologies such as simulation software, virtual testing, and artificial intelligencedriven analytics is on the rise, allowing for more efficient and cost-effective NVH testing processes. 

Additionally, the need for NVH testing in electric and hybrid vehicles is expected to increase significantly as India advances its electrification efforts. However, challenges related to skill shortages in NVH testing expertise and the high cost of specialized equipment remain. Bridging the skill gap and making NVH testing services more accessible to small and medium-sized enterprises will be crucial for sustained market growth. 

In conclusion, the India NVH testing market is undergoing a remarkable transformation driven by the automotive, aerospace, consumer electronics, and construction industries' growing emphasis on product quality, performance, and user experience. The adoption of NVH testing across these sectors reflects India's commitment to global standards and its aspiration to be a leader in manufacturing and technology. With the right investments in technology, skills, and infrastructure, the NVH testing market in India is poised for continued expansion and innovation, making it an integral part of the country's industrial landscape.

ENVIROTECH SYSTEMS LIMITED COMPETITIVE STRENGTHS
1. Experienced Promote and Management Team
2. Integrated manufacturing facility
3. Well-developed distribution network
4. Quality Assurance and Control

ENVIROTECH SYSTEMS LIMITED STRATEGIES
1. Leveraging their Market skills and Relationships
2. Improving functional efficiencies
3. Enhance customer base and to establish long-term relationships
4. To build-up a professional organization
5. Expand geographical reach
6. Strengthening up their business through effective branding, promotional and digital activities

ENVIROTECH SYSTEMS LIMITED RISK FACTORS & CONCERNS
1. One of the members of the Promoter group has defaulted on a personal loan with outstanding of Rs 113,225 for which proceedings in DRT has been initiated against him.
2. The Land being purchased by M/s Envirotech Systems Limited from M/s Oriental Trimex Limited has been pledged by Oriental Trimex Limited as collateral to secure a loan of approximately ₹37.25 crore(against multiple locations properties located at Chennai, Kolkata, Greater Noida (Manufacturing Plants) & New Delhi (Residential) from Edelweiss Bank.
3. Substantial portion of their revenues has been dependent upon their few customers.
4. Their future fund requirements, in the form of further issue of capital or securities and/or loans taken by them, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
5. They are highly dependent on their suppliers for uninterrupted procurement and sale of their traded goods.