Apex Ecotech IPO
IPO Listing Details
- Listing Date
04 Dec 2024
- Listing Price
₹ 138.70
- Listing Change
90.00%
- Last Traded Price
₹ 120.50
IPO Details
- Open Date
27 Nov 2024
- Close Date
29 Nov 2024
- IPO Price Range
₹ 71 - ₹ 73
- IPO Size
₹ 25.54 Cr
- Listing Exchange
NSE SME
- Listing Date
04 Dec 2024
IPO Timeline
Apex Ecotech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Nov-24 | 0.00 | 1.29 | 3.37 | 1.96 |
| 28-Nov-24 | 0.04 | 24.00 | 37.41 | 23.87 |
| 29-Nov-24 | 136.69 | 1,179.58 | 328.95 | 456.71 |
Last Updated: 29 November 2024 6:55 PM by 5Paisa
Apex Ecotech IPO is set to open on 27 November 2024 and will close on 29 November 2024. Apex Ecotech specialises in water and wastewater treatment, offering innovative solutions for recycling and reuse across diverse industries
The IPO is a fresh issue of 0.35 Cr shares aggregating to ₹25.54 Cr. The price band is set at ₹71 to ₹73 per share and the lot size is 1600 shares.
The allotment is scheduled to be finalised on 2 December 2024. It will go public on NSE SME, with a tentative listing date of 4 December 2024.
Share India Capital Services Pvt Ltd is the book running lead manager while Kfin Technologies Ltd is the registrar.
Apex Ecotech IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹25.54 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹25.54 Cr |
Apex Ecotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹116,800 |
| Retail (Max) | 1 | 1600 | ₹116,800 |
| HNI (Min) | 2 | 3200 | ₹233,600 |
Apex Ecotech IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 136.69 | 6,59,200 | 9,01,05,600 | 657.77 |
| NII (HNI) | 1,179.58 | 4,96,000 | 58,50,72,000 | 4,271.03 |
| Retail | 328.95 | 11,55,200 | 38,00,01,600 | 2,774.01 |
| Total | 456.71 | 23,10,400 | 1,05,51,79,200 | 7,702.81 |
Apex Ecotech IPO Anchor Allocation
| Anchor Bid Date | 26 November, 2024 |
| Shares Offered | 988,800 |
| Anchor portion Size (In ₹ Cr.) | 7.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | 01 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 02 March, 2025 |
1. To meet Working Capital Requirements;
2. General corporate purposes; and
3. To meet Public Issue Expenses.
Apex Ecotech was founded in 2009. It specialises in water and wastewater treatment, offering innovative solutions for recycling and reuse across diverse industries. Its expertise spans Raw Water Treatment Plants for industrial processes, Effluent & Sewage Treatment Plants for pollution compliance, Sludge Dewatering Equipment, and advanced membrane systems like Ultrafiltration, Reverse Osmosis, and Thermal Evaporators for Zero Liquid Discharge (ZLD) systems. Apex also provides after-sales support, including operation and maintenance services, ensuring seamless functionality.
With a clientele featuring renowned names like Aditya Birla Group, Honda, PepsiCo, Haldiram, and Mahindra & Mahindra, Apex Ecotech has delivered ZLD systems achieving over 98% water recovery for applications such as process water, boiler feed, cooling towers, and horticulture. Backed by an experienced management team, in-house design and engineering expertise, and a strong geographical presence, the company has a proven track record of successful projects and robust customer relationships. Apex employs 118 professionals as of July 2024.
Peers
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 53.46 | 34.92 | 20.03 |
| EBITDA | 8.88 | 4.19 | 0.43 |
| PAT | 6.63 | 3.52 | 0.66 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 25.56 | 17.68 | 9.79 |
| Share Capital | 0.97 | 0.91 | 0.91 |
| Total Borrowings | 0.42 | 0.58 | 1.10 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -0.85 | 2.60 | -0.07 |
| Net Cash Generated From / (used in) investing activities | -0.05 | - | 3.31 |
| Net Cash Generated From / (used in) financing activities | 0.66 | -0.59 | -3.27 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.24 | -2.01 | -0.03 |
Strengths
1. Robust in-house design and engineering capabilities ensure high-quality, tailored solutions for clients.
2. Experienced leadership fosters innovation and reliable execution of complex water treatment projects.
3. Strong customer relationships build trust and ensure repeat business with leading global companies.
4. Proven track record in delivering efficient Zero Liquid Discharge (ZLD) systems with high recovery rates.
5. Wide geographical presence enables timely project execution and post-sales support across multiple regions.
Risks
1. Dependency on industrial clients may limit diversification into other water treatment market segments.
2. High competition from established players poses challenges in gaining market share and retaining customers.
3. Capital-intensive operations require significant investment, impacting financial flexibility for expansion initiatives.
4. Vulnerability to regulatory changes in water management policies could affect business operations.
5. Limited workforce size may constrain the company’s ability to scale rapidly during peak demand.
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FAQs
Apex Ecotech IPO opens from 27 November to 29 November 2024.
The size of Apex Ecotech IPO is ₹25.54 Cr.
The price of Apex Ecotech IPO is fixed at ₹71 to ₹73 per share.
To apply for Apex Ecotech IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Apex Ecotech IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Apex Ecotech IPO is 1600 shares and the investment required is ₹116,800.
The share allotment date of Apex Ecotech IPO is 2 December 2024
The Apex Ecotech IPO will be listed on 4 December 2024.
Share India Capital Services Pvt Ltd is the book running lead manager of the Apex Ecotech IPO.
Contact Information
Apex Ecotech
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/
Apex Ecotech IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: apex.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Apex Ecotech IPO Lead Manager
Share India Capital Services Private Limited
