Apex Ecotech IPO
GMP, Subscription, Price, Dates & Financial Details
Apex Ecotech Limited is a company incorporated as Apex Ecotech Private Limited on April 1, 2009, in Pune, Maharashtra, under the Companies Act, 1956. The company transitioned to a public limited entity on March 26, 2024, and changed its name to Apex Ecotech Limited on July 2, 2024. It is ISO…
Open Date
Wed, 27 Nov 2024
Close Date
Fri, 29 Nov 2024
Price Band
₹ 71 – 73
Lot Size
1600
Issue Size
₹ 25.54 Cr
Minimum Investment
₹ 233,600 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Apex Ecotech IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹25.54 Crore, comprising a fresh issue of 34.99 Lakh equity shares aggregating to ₹25.54 Crore.
The Apex Ecotech IPO remained open for subscription from November 27, 2024, to November 29, 2024. The basis of allotment was finalized on December 02, 2024, and the company's shares were listed on NSE SME Platform on December 04, 2024.
The company had fixed the price band at ₹71 to ₹73 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹233,600 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Share India Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Apex Ecotech Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Apex Ecotech IPO Timeline (Tentative)
- IPO Open Date
- Wed, 27 Nov 24
- IPO Close Date
- Fri, 29 Nov 24
- Basis of Allotment
- Mon, 02 Dec 24
- Initiation of Refunds
- Tue, 03 Dec 24
- Credit of Shares to Demat
- Tue, 03 Dec 24
- Listing Date
- Wed, 04 Dec 24 — NSE & BSE
Open Date
27 November 2024
Close Date
29 November 2024
Basis Of Allotment
02 December 2024
Listing Date
04 December 2024
IPO Subscription
Check Live Subscription →The Apex Ecotech IPO has received bids for 1,05,62,03,200 shares against 23,10,400 shares offered, resulting in an overall subscription of 457.15x. the NII category is subscribed 1,180.02x, Retail Investors 329.65x, and QIBs 136.69x.
QIB
136.69x
NII
1180.02x
RII
329.65x
Total
457.15x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 11,55,200 shares, representing 33.01% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 6,59,200 shares (18.84%), while Non-Institutional Investors (NIIs) receive 4,96,000 shares (14.17%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 988,800 | 28.26% |
| Market Maker | 200,000 | 5.72% |
| Qualified Institutions | 659,200 | 18.84% |
| Non-Institutional | 496,000 | 14.17% |
| Retail Investors | 1,155,200 | 33.01% |
| Total | 3,499,200 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 2555.93 | 1767.81 | 978.73 |
| Revenue | 5346.49 | 3492.06 | 2002.86 |
| Profit After Tax | 663.04 | 352.1 | -65.86 |
| Net Worth | 1473.56 | 722.52 | 370.43 |
| Reserve & Surplus | 1376.7 | 631.16 | 279.07 |
| Total Borrowings | 42.13 | 58.24 | 110.1 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Apex Ecotech Limited KPI Information
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROE % | 10.01 |
| ROCE % | 12.02 |
| Debt / Equity | 0.07 |
| RoNW % | 10.01 |
| PbW | 4.34 |
| Pat Margin % | 7.15 |
Peers Comparison
No Peer Comparision Available
About Apex Ecotech Limited
Apex Ecotech Limited is a company incorporated as Apex Ecotech Private Limited on April 1, 2009, in Pune, Maharashtra, under the Companies Act, 1956. The company transitioned to a public limited entity on March 26, 2024, and changed its name to Apex Ecotech Limited on July 2, 2024. It is ISO 9001:2015 certified and specializes in providing turnkey solutions for water and wastewater treatment, recycling, and reuse across various applications.
Their services include setting up Raw Water Treatment systems, Effluent & Sewage Treatment Plants, sludge dewatering equipment, and advanced membrane systems (such as Ultrafiltration, Nano Filtration, Reverse Osmosis, and Disc Type RO). They also provide Zero Liquid Discharge (ZLD) solutions using Thermal / Vapor Compression-based Evaporators & Crystallizers. After-sales support, as well as Operation & Maintenance (O&M) services, are key aspects of their offerings.
The company focuses on providing energy-efficient, sustainable, and reliable solutions that align with global standards, optimizing recovery and minimizing waste and sludge generation. The treated water is reused in various applications, such as industrial processes, cooling tower makeup, and horticulture. Apex Ecotech aims to meet customer expectations with reliable service and increased system uptime.
With an in-house team proficient in designing, engineering, project management, and after-sales support, the company has successfully delivered customized solutions. Their extensive client base includes renowned global and domestic companies like Aditya Birla Group, Ashok Leyland, Honda, PepsiCo, Reckitt Benckiser, and many others. Apex Ecotech has also delivered ZLD systems with an overall recovery rate exceeding 98%.
The company is committed to addressing global challenges such as water scarcity, climate change, and industrialization by promoting water conservation and recycling. They aim for growth while ensuring client satisfaction and contributing to the conservation of water resources, supported by strong government initiatives in India.
Apex Ecotech IPO Promoters
- Mr. Anuj Dosajh
- Mr. Ramakrishnan Balasundaram Aiyer
- Mr. Ajay Raina
- Mr. Lalit Mohan Datta
Promoters Holding
Holding Pre Issue
94.32%
Holding Post Issue
69.29%
Apex Ecotech IPO Objective
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To meet Working Capital Requirements;
- General corporate purposes; and
- To meet Public Issue Expenses.
Apex Ecotech Limited Address / Contact Details
Apex Ecotech Limited
Office No. 202, Garden Plaza,
Five Gardens Road, Sunshine Villas,
Rahatani, Pimpri Waghire, Pune -411017
Phone: +91-9999654360
Email: info@apexecotech.com
Website: http://www.apexecotech.com
IPO Snapshot
Apex Ecotech IPO Lot Size
The Apex Ecotech IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,16,800 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,16,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 116,800.00 |
| Retail (Max) | 1 | 1,600 | 116,800.00 |
| S-HNI (Min) | 2 | 3,200 | 233,600.00 |
Issue Reservation
- Anchor Investors — 28.26%
- Market Maker — 5.72%
- QIB — 18.84%
- NII — 14.17%
- RII — 33.01%
Book Running Lead Managers
- Share India Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Apex Ecotech IPO?
Apex Ecotech IPO is a Book-building IPO with a total issue size of ₹25.54 crore. The Apex Ecotech IPO price band is ₹71 to 73 per share. The Apex Ecotech IPO subscription opens on Wed, Nov 27, 2024, and closes on Fri, Nov 29, 2024. The Apex Ecotech IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Apex Ecotech IPO.
When will the Apex Ecotech IPO open for subscription?
The Apex Ecotech IPO opens on Wed, Nov 27, 2024 and closes on Fri, Nov 29, 2024
What is Apex Ecotech IPO Price Band?
Apex Ecotech IPO Price Band is ₹71 to 73 per share.
What is Apex Ecotech IPO Lot Size?
Apex Ecotech IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹233600 based on the upper price band
What is the minimum investment for Apex Ecotech IPO?
The minimum investment for Apex Ecotech IPO is ₹233600, based on one lot of 1600 shares at the upper price band of ₹73 per share.
How to apply for Apex Ecotech IPO?
Investors can apply for the Apex Ecotech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Nov 29, 2024. The application amount remains blocked until the Apex Ecotech IPO allotment is finalized.
What is Apex Ecotech IPO Issue Size?
Apex Ecotech IPO issue size is ₹25.54 crores.
What is the Apex Ecotech IPO Allotment Date?
Apex Ecotech IPO allotment date is Mon, Dec 2, 2024.
Who is the Apex Ecotech IPO Registrar?
The registrar for Apex Ecotech IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Apex Ecotech IPO allotment status, refund processing, and other IPO-related information.
What is the Apex Ecotech IPO GMP?
The Apex Ecotech IPO GMP (Grey Market Premium) is ₹45 as of Wed, Dec 4, 2024. Based on the upper price band of ₹73 per share, the estimated Apex Ecotech IPO listing price is ₹118, indicating a potential listing gain of approximately 61.64% over the issue price.
Who is the Apex Ecotech IPO Lead Manager?
The book-running lead managers (BRLMs) for the Apex Ecotech IPO are Share India Capital Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Apex Ecotech IPO Red Herring Prospectus (RHP).