Apollo Techno Industries was incorporated on April 26, 2016. The company manufactures trenchless technology and foundation equipment, including HDD rigs, diaphragm drilling rigs, rotary drilling rigs, and spare parts for the construction industry. It also provides warranties, on-site support, and technical training to ensure effective use of its machinery
| Bidding Dates |
|---|
| 23 Dec 2025 - 26 Dec 2025 |
| Subscription |
|---|
| 47.15x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,46,000 | 2 | 2 | 1000 | 3.7 M | ₹123 - ₹130 | 73.05 % | ₹453.7 M - ₹479.6 M | RHP DOC |
Apollo Techno Industries IPO SUBSCRIPTION STATUS
26 Dec '25Apollo Techno Industries IPO overall subscription rate was 47.15 times the total available shares
Apollo Techno Industries IPO retail subscription rate was 59.57 times in the retail segment
Apollo Techno Industries IPO non-institutional investor subscription rate was 130.69 times in the non-institutional investor category
Apollo Techno Industries IPO Qualified Institutional Bidder subscription rate was 13.4 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Dec 2025 (Day 3) | 59.57x | 130.69x | 13.4x |
24 Dec 2025 (Day 2) | 9.21x | 16.29x | 0.88x |
23 Dec 2025 (Day 1) | 5.97x | 13.89x | 0.82x |
Apollo Techno Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 24.5 | 1.1 | 2.4 | 2.4 | 8.4% |
| FY25 | 99.1 | 13.8 | 14.5 | 14.2 | 18.3% |
| FY24 | 69.0 | 3.2 | 2.8 | 2.5 | 11.1% |
| FY23 | 71.7 | 0.9 | -1.0 | -1.5 | 4.1% |
Apollo Techno Industries IPO SUBSCRIPTION STATUS DETAILS
Apollo Techno Industries had 3.7 M shares on offer
Apollo Techno Industries IPO offer price was in the range ₹123 - ₹130
Apollo Techno Industries IPO minimum Investment was ₹246000
Apollo Techno Industries IPO issue size was ₹ 453.7 M - ₹ 479.6 M
Apollo Techno Industries had a minimum lot size of 1000 Shares per application
Apollo Techno Industries NUMBER OF SHARES ON OFFER
Apollo Techno Industries IPO IMPORTANT DATES
| Issue Open Date | 23 Dec 2025 |
| Issue close Date | 26 Dec 2025 |
| Allotment Date | 29 Dec 2025 |
| Refund Date | 30 Dec 2025 |
| Demat Account Credit Date | 30 Dec 2025 |
| Listing Date | 31 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Apollo Techno Industries Allotment Status | Exchange/ Registrar |
Apollo Techno Industries IPO subscription opened on 23 Dec 2025, and closed on 26 Dec 2025
IPO allotment for Apollo Techno Industries was finalized on Monday, 29 Dec 2025
IPO listing for Apollo Techno Industries was on BSE on Wednesday, 31 Dec 2025
Apollo Techno Industries IPO LISTING GAINS
| Issue Price (adjusted) | 130.0 |
| Listing Open Price | 145.0 |
| Listing Close Price | 151.9 |
| Listing Gain% | 11.5% |
| Current Gain% | -7.7% |
Apollo Techno Industries 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apollo Techno Industries Ltd. | 120 | 164.3 | 14.9 | -0.8 | 1.5 | 14.1 | 9.5 | 112.6 | 12.9 | 11 | -19.6 | 8.1 | -19.6 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Apollo Techno Industries INFORMATION ON IPO ISSUE
About Apollo Techno Industries
Apollo Techno Industries was incorporated on April 26, 2016. The company manufactures trenchless technology and foundation equipment, including HDD rigs, diaphragm drilling rigs, rotary drilling rigs, and spare parts for the construction industry. It also provides warranties, on-site support, and technical training to ensure effective use of its machinery
Object of the Issue
- To meet working capital requirements
- General corporate purpose
Apollo Techno Industries - PROMOTERS
| Name |
|---|
| Parth Rashmikant Patel |
| Rashmikant Haribhai |
| Manjulaben Rashmikant Patel |
| Parth Patel (HUF) |
| Rashmikant Haribhai Patel HUF |
Apollo Techno Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rashmikant Haribhai Patel | Chairman & Whole-Time Director |
| Parth Rashmikant Patel | Managing Director |
| Manjulaben Rashmikant Patel | Non-Executive Director |
| Satyam Kumar Rambhai Patel | Independent Director |
| Nikhilkumar Mahendrabhai Patel | Independent Director |
Apollo Techno Industries Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Apollo Techno Industries Registrar to the issue
MUFG Intime India Private Limited
apollotechno.smeipo@in.mpms.mufg.com
Apollo Techno Industries Strengths
Quality & customer service
The company prioritizes quality and is ISO 9001:2015 certified, ensuring all products meet strict standards before delivery. With a skilled team, it consistently strives to exceed client expectations and maintain a reputation for excellence
In-house engineering & design capabilities
The company leverages in-house design and manufacturing capabilities, supported by a skilled five-member design team using CAD tools, to develop and enhance products per market requirements. Its innovations include the Apollo A800 HDD (2017), Apollo A1200 HDD (2019), and the Diaphragm Wall Drilling Rig (2023)
Customer-centric approach
The company focuses on understanding customer needs and building long-term relationships, which supports customer retention and market expansion. As of June 30, 2025, its domestic sales are led by Gujarat (39.05%), followed by Delhi (12.70%) and Haryana (12.06%), highlighting strong regional presence
Apollo Techno Industries Risks
Strict Quality standards & certifications
The company must meet strict customer quality standards, and any failure in maintaining certifications or product specifications could harm its brand, orders, and financial performance. To ensure compliance, it invests in dedicated quality assurance teams, equipment, and rigorous testing throughout the manufacturing process
Depend on manufacturing unit
The company’s operations heavily depend on its manufacturing facility in Mehsana, Gujarat, and any unplanned shutdowns, equipment failures, or labor issues could disrupt production and impact revenue, cash flows, and financial condition. Social, political, economic, or natural disruptions, as well as changes in government policies, may require additional expenditure or operational adjustments
Working capital intensive
The company’s operations are working-capital intensive, with major funds tied up in inventory and trade receivables. Any inability to maintain sufficient cash flow or funding could adversely affect operations and financial performance
IPO FAQs
The promoters of the company are Parth Rashmikant Patel, Rashmikant Haribhai, Manjulaben Rashmikant Patel, Parth Patel (HUF) and Rashmikant Haribhai Patel HUF.
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 123.0 - 130.0.
The IPO application opens on Dec 23, 2025 and closes on Dec 26, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 246,000.0, the maximum value for this IPO is Rs 260,000.0.
This IPO will be allotted on Dec 29, 2025.
The refund will be credited to your account on Dec 30, 2025.
The allotted shares will be credited to your demat on Dec 30, 2025.
Apollo Techno Industries Ltd.’s shares listed on the stock exchanges on Dec 31, 2025.