Earthood Services Ltd. IPO Details
Earthood Services was incorporated on September 14, 2012. Earthood is a globally recognized company offering carbon validation, verification services, and ESG advisory and assurance services both in India and internationally. It has been ranked as the "Best Verification Company" by Environmental Finance in the Voluntary Carbon Market Rankings for 2023 and 2024 (Source: CRISIL Report)
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 6.3 M | - | - | ₹0 | DRHP DOC |
Earthood Services issue details
Earthood Services has 6.3 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Earthood Services IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Earthood Services NUMBER OF SHARES ON OFFER
Earthood Services FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 54.3 | 218.9 | 69.2 | 66.6 | 39.1% |
| FY24 | 193.4 | 467.9 | 149.6 | 148.3 | 57.5% |
| FY23 | 107.4 | 323.9 | 77.5 | 75.7 | 42.6% |
| FY22 | 12.8 | 101.1 | 13.4 | 11.5 | 19.8% |
Earthood Services INFORMATION ON IPO ISSUE
About Earthood Services
Earthood Services was incorporated on September 14, 2012. Earthood is a globally recognized company offering carbon validation, verification services, and ESG advisory and assurance services both in India and internationally. It has been ranked as the "Best Verification Company" by Environmental Finance in the Voluntary Carbon Market Rankings for 2023 and 2024 (Source: CRISIL Report)
Object of the Issue
- Funding requirements towards strengthening their technological capabilities through the development, ownership and commercialization of proprietary DMRV intellectual property and solutions
- General corporate purposes
Earthood Services - PROMOTERS
| Name |
|---|
| Kaviraj Singh |
| Ashok Kumar Gautam |
Earthood Services Book Running Lead Manager
Unistone Capital Private Limited
mb@unistonecapital.com
Earthood Services Registrar to the Offer
MUFG Intime India Private Limited
earthood.ipo@linkintime.co.in
Earthood Services Strengths
Quality assurance
The company prioritizes delivering quality services both domestically and internationally by customizing its Quality Management Systems (QMS) to meet the unique needs of its services. Feedback from programs, clients, and stakeholders is actively sought to ensure consistency and compliance across all locations
Global client base
The company serves diverse industries like Energy, Energy Demand, and Manufacturing, with a strong global and domestic client base. In carbon verification and validation services, it has catered to clients across various sectors, serving 132, 100, and 89 countries in FY24, FY23, and FY22, respectively
Customer acquisition
As a validation and verification body registered with major standards like Verra, Gold Standards, American Carbon Registry, and Global Carbon Council, Earthood enjoys enhanced visibility and credibility. Being listed on these platforms boosts organic lead generation, providing a cost-effective way to acquire new clients globally
Earthood Services Risks
Dependent on overseas business
A significant portion of the company's business comes from overseas markets, particularly in Africa and Asia. Adverse developments in these regions could negatively affect the company's revenue and operational results
Comply with regulations
The company is subject to regulatory requirements in its service operations. Any failure to comply with these regulations could negatively impact its reputation, business, financial condition, and results of operations
Employee-intensive company
The industry is employee-intensive with high attrition rates, and Earthood may face challenges in retaining or attracting skilled professionals in the future. The loss of such professionals could negatively impact its business, results, and financial condition
IPO FAQs
The promoters of the company are Kaviraj Singh and Ashok Kumar Gautam.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.