Apex Ecotech Ltd. was incorporated on April 01, 2009. The company offers services including Raw Water Treatment for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, Sludge Dewatering Equipment, wastewater recycling through Membrane systems, and Thermal/Vapor Compression Evaporators & Crystallizers for Zero Liquid Discharge Systems
| Bidding Dates |
|---|
| 27 Nov 2024 - 29 Nov 2024 |
| Subscription |
|---|
| 420.73x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,13,600 | 1 | 1 | 1600 | 3.5 M | ₹71 - ₹73 | 69.29 % | ₹248.4 M - ₹255.4 M | RHP DOC |
Apex Ecotech Ltd. IPO SUBSCRIPTION STATUS
29 Nov '24Apex Ecotech Ltd. IPO overall subscription rate was 420.73 times the total available shares
Apex Ecotech Ltd. IPO retail subscription rate was 433.4 times in the retail segment
Apex Ecotech Ltd. IPO non-institutional investor subscription rate was 1554.31 times in the non-institutional investor category
Apex Ecotech Ltd. IPO Qualified Institutional Bidder subscription rate was 71.79 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Nov 2024 (Day 3) | 433.4x | 1554.31x | 71.79x |
28 Nov 2024 (Day 2) | 48.33x | 31.97x | 0.02x |
27 Nov 2024 (Day 1) | 4.3x | 1.67x | - |
Apex Ecotech Ltd. 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 | 15.5 | 217.0 | -25.4 | -26.1 | 9.6% |
| FY24 | 66.3 | 530.8 | -8.5 | -10.0 | 16.7% |
| FY23 | 35.2 | 345.7 | 26.0 | 25.3 | 12.1% |
| FY22 | -6.6 | 195.1 | -0.7 | 28.0 | -2.2% |
Apex Ecotech Ltd. IPO SUBSCRIPTION STATUS DETAILS
Apex Ecotech Ltd. had 3.5 M shares on offer
Apex Ecotech Ltd. IPO offer price was in the range ₹71 - ₹73
Apex Ecotech Ltd. IPO minimum Investment was ₹113600
Apex Ecotech Ltd. IPO issue size was ₹ 248.4 M - ₹ 255.4 M
Apex Ecotech Ltd. had a minimum lot size of 1600 Shares per application
Apex Ecotech Ltd. NUMBER OF SHARES ON OFFER
Apex Ecotech Ltd. IPO IMPORTANT DATES
| Issue Open Date | 27 Nov 2024 |
| Issue close Date | 29 Nov 2024 |
| Allotment Date | 02 Dec 2024 |
| Refund Date | 03 Dec 2024 |
| Demat Account Credit Date | 03 Dec 2024 |
| Listing Date | 04 Dec 2024 |
| Listing on Exchange(s) | NSE |
| Apex Ecotech Ltd. Allotment Status | Exchange |
Apex Ecotech Ltd. IPO subscription opened on 27 Nov 2024, and closed on 29 Nov 2024
IPO allotment for Apex Ecotech Ltd. was finalized on Monday, 02 Dec 2024
IPO listing for Apex Ecotech Ltd. was on NSE on Wednesday, 04 Dec 2024
Apex Ecotech Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 73.0 |
| Listing Open Price | 138.7 |
| Listing Close Price | 145.6 |
| Listing Gain% | 90.0% |
| Current Gain% | 286.2% |
Apex Ecotech Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apex Ecotech Ltd. | 282 | 371.8 | 21.8 | 0.2 | 2.5 | 26.9 | 19.1 | 149.9 | 109.5 | 17 | 98.8 | 12.9 | 98.8 |
| GAIL (India) Ltd. | 173.8 | 114275.2 | 11.6 | -0.8 | 0.8 | 8.5 | 5.4 | 143107.9 | 0 | 7582.5 | -39.1 | 15 | -15.1 |
| Adani Total Gas Ltd. | 666.8 | 73340.8 | 116 | -48.1 | 11.7 | 13.5 | 6.9 | 5932.3 | 17.9 | 655.7 | 0.2 | 5.7 | -2.4 |
| Gujarat Energy Ltd. | 276.8 | 25974.9 | 25.3 | -2.4 | 1.5 | 9.1 | 6.1 | 24161.9 | 44.7 | 1677.6 | 46.1 | 10.9 | -10.6 |
| Indraprastha Gas Ltd. | 152.6 | 21365.4 | 13.8 | -1.4 | 1.3 | 13.5 | 9.1 | 16541.2 | 8.4 | 1549.6 | -9.8 | 11.1 | -9.8 |
| Va Tech Wabag Ltd. | 1960.3 | 12235.7 | 33 | 1.3 | 3.1 | 14.4 | 6 | 4038.5 | 21 | 370.5 | 25.5 | 59.4 | 25.5 |
Apex Ecotech Ltd. INFORMATION ON IPO ISSUE
About Apex Ecotech Ltd.
Apex Ecotech Ltd. was incorporated on April 01, 2009. The company offers services including Raw Water Treatment for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, Sludge Dewatering Equipment, wastewater recycling through Membrane systems, and Thermal/Vapor Compression Evaporators & Crystallizers for Zero Liquid Discharge Systems
Object of the Issue
- To meet working capital requirements
- General corporate purposes
- To meet public issue expenses
Apex Ecotech Ltd. - PROMOTERS
| Name |
|---|
| Anuj Dosajh |
| Ajay Raina |
| Ramakrishnan Balasundaram Aiyer |
| Lalit Mohan Datta |
Apex Ecotech Ltd. Lead Manager of the Issue
Share India Capital Services Private Limited
kunal.bansal@shareindia.co.in
Apex Ecotech Ltd. Registrar to the issue
KFIN Technologies Limited
apex.ipo@kfintech.com
Apex Ecotech Ltd. Strengths
In house designing
The company has an in-house team of experienced engineers who provide detailed architectural and structural designs, reducing reliance on external consultants. Quality control managers conduct regular site inspections and tests to ensure effective quality management
Integrated expertise and robust partnerships
The company has strong ties with technology providers, consultants, equipment suppliers, and EPC contractors. Apex Ecotech has developed in-house systems, managed by experienced teams across various functions including marketing, design, procurement, logistics, finance, and operations
Geographical presence
The company's presence across multiple regions in India, including Punjab, Maharashtra, Gujarat, and more, along with international markets such as Nigeria, Pakistan, Bangladesh, and Egypt, provides a strategic advantage to expand its business footprint and tap into diverse markets
Apex Ecotech Ltd. Risks
Dependent on other industries
The company's dependence on key industries like Food Processing, Oil & Edibles, and Metals & Mining, for a small portion of sales, may pose a risk to the business
Dependent on few customers
The company's revenue heavily depends on a few key customers who contribute a significant portion of total revenue. The loss of any major customer could adversely impact its business, financial condition, operations, and future prospects
Capital intensive
The company requires significant working capital for ongoing operations and growth. Inability to meet these requirements could adversely affect its business, operations, and financial condition
IPO FAQs
The promoters of the company are Anuj Dosajh, Ajay Raina, Ramakrishnan Balasundaram Aiyer and Lalit Mohan Datta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 73.0.
The IPO application opens on Nov 27, 2024 and closes on Nov 29, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 113,600.0, the maximum value for this IPO is Rs 116,800.0.
This IPO will be allotted on Dec 02, 2024.
The refund will be credited to your account on Dec 03, 2024.
The allotted shares will be credited to your demat on Dec 03, 2024.
Apex Ecotech Ltd.’s shares listed on the stock exchanges on Dec 04, 2024.