Apex Ecotech IPO - Day 3 Subscription at 54.83 Times

Apex Ecotech's initial public offering (IPO) has received overwhelming investor interest over the three-day period. The IPO witnessed exceptional growth in demand, with subscription rates growing from 1.99 times on day one, to 24.04 times on day two, and reaching 54.83 times by 11:23 AM on the final day.

Apex Ecotech IPO, which opened on 27th November 2024, has seen strong participation across most categories. The Retail Investors segment has shown exceptional interest reaching 81.43 times subscription, while Non-Institutional Investors demonstrated strong participation at 65.73 times. The QIB portion remains subdued at 0.04 times.

This strong response comes amid positive sentiment in the Indian stock market, particularly towards companies in the water treatment sector.

Subscription Status of Apex Ecotech IPO:

*As of 11:23 AM

Here are the subscription details for Apex Ecotech IPO as of Day 3 (29th November 2024, 11:23 AM):

Total Applications: 63,307

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.

Key Highlights:

• Overall subscription soared to 54.83 times on final day
• Retail investors led with an exceptional 81.43 times subscription, worth ₹686.66 crores
• Non-institutional investors showed strong interest at 65.73 times, worth ₹237.99 crores
• QIB portion remained low at 0.04 times the subscription
• Total bids received for 12,66,89,600 shares worth ₹924.83 crores
• Applications reached 63,307, including 58,789 retail investors
• Total retail applications showed robust individual investor interest
• Strong momentum continued in the retail and NII segments
• Final day response indicated exceptional market confidence

Apex Ecotech IPO - Day 2 Subscription at 24.04 Times

Key Highlights:

Overall subscription improved significantly to 24.04 times
Retail investors showed strong interest with 37.71 times subscription
Non-institutional investors demonstrated good momentum at 24.09 times
QIB portion reached 0.04 times the subscription
Day two witnessed a substantial increase in application numbers
Strong momentum building in retail and NII segments
Significant improvement in subscription across categories
The market response showed growing investor confidence
Subscription trend indicated strong investor appetite

Apex Ecotech IPO - Day 1 Subscription at 1.99 Times

Key Highlights:

• Overall subscriptions opened at 1.99 times
• Retail investors led with 3.42 times subscription
• Non-institutional investors showed decent interest at 1.29 times
• QIB portion showed no participation
• Opening day witnessed good retail response
• Initial momentum indicated positive market sentiment
• Day one subscription showed a promising start
• Strong initial retail investor confidence
• The subscription trend suggested robust market interest

About Apex Ecotech Limited

Established in 2009, Apex Ecotech Limited has emerged as a specialist in water and wastewater treatment solutions, offering comprehensive services across the environmental management spectrum. The company provides end-to-end solutions including Raw Water Treatment Plants, Effluent & Sewage Treatment Plants, and Zero Liquid Discharge systems, serving a prestigious client base including Aditya Birla Group, Hero Motocorp, HUL, and PepsiCo among others.

With 118 full-time employees as of July 2024, the company leverages its in-house design and engineering capabilities to deliver successful projects, achieving over 98% recovery in water reuse applications. Their integrated expertise, strong partnerships, and geographical presence have contributed to their impressive financial performance, with revenue growth of 53.1% and PAT increase of 88.31% between FY2023 and FY2024. The company maintains strong customer relationships while continuously expanding its technological capabilities across industrial and municipal sectors.

Highlights of the Apex Ecotech IPO

• IPO type: Book Built Issue
• IPO size: ₹25.54 crores
• Fresh Issue: 34.99 lakh shares
• Face value: ₹10 per share
• Price band: ₹71 to ₹73 per share
• Lot size: 1,600 shares
• Minimum investment for retail investors: ₹116,800
• Minimum investment for HNI: ₹233,600 (2 lots)
• Listing at: NSE SME
• IPO opens: 27th November 2024
• IPO closes: 29th November 2024
• Allotment date: 2nd December 2024
• Refund initiation: 3rd December 2024
• Credit of shares: 3rd December 2024
• Listing date: 4th December 2024
• Lead Manager: Share India Capital Services Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Share India Securities