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Apex Ecotech IPO vs C2C Advanced Systems IPO

Comparison between Apex Ecotech IPO and C2C Advanced Systems IPO.

IPO Details

Apex Ecotech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while C2C Advanced Systems IPO is a SME Bookbuilding proposed to list at NSE SME.

 Apex Ecotech IPOC2C Advanced Systems IPO
LogoApex Ecotech IPO LogoC2C Advanced Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShare India Capital Services Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerShare India Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Apex Ecotech IPO is up to ₹24.08 Cr whereas the issue size of the C2C Advanced Systems IPO is up to ₹94.11 Cr. The final issue price of Apex Ecotech IPO is ₹73.00 per share and of C2C Advanced Systems IPO is ₹226.00 per share.

 Apex Ecotech IPOC2C Advanced Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share₹214.00 per share
Issue Price (Upper)₹73.00 per share₹226.00 per share
Issue Price (Final)₹73.00 per share₹226.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares600 shares
Fresh Issue Size32,99,200 shares41,64,000 shares
Fresh Issue Size (Amount)up to ₹24.08 Crup to ₹94.11 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,99,200 shares41,64,000 shares
Issue Size Total (Amount)up to ₹24.08 Crup to ₹94.11 Cr

IPO Timetable

Apex Ecotech IPO opens on Nov 27, 2024, while C2C Advanced Systems IPO opens on Nov 22, 2024. The closing date of Apex Ecotech IPO and C2C Advanced Systems IPO is Nov 29, 2024, and Nov 26, 2024, respectively.

 Apex Ecotech IPOC2C Advanced Systems IPO
Anchor Bid DateNov 26, 2024Nov 21, 2024
Issue OpenNov 27, 2024Nov 22, 2024
Issue CloseNov 29, 2024Nov 26, 2024
Basis Of Allotment (Tentative)Dec 02, 2024Nov 29, 2024
Initiation of Refunds (Tentative)Dec 03, 2024Dec 02, 2024
Credit of Share (Tentative)Dec 03, 2024Dec 02, 2024
Listing date (Tentative)Dec 04, 2024Dec 03, 2024
Anchor Lockin End date 1Dec 31, 2024Dec 31, 2024
Anchor Lockin End date 2Mar 01, 2025Mar 01, 2025

Financials & KPIs

Apex Ecotech IPO P/E ratio is 10.66, as compared to C2C Advanced Systems IPO P/E ratio of 22.56.

 Apex Ecotech IPOC2C Advanced Systems IPO
Financials

Apex Ecotech Limited Financial Information (Restated Standalone)

Apex Ecotech Limited's revenue increased by 53.1% and profit after tax (PAT) rose by 88.31% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets3,268.002,555.931,767.81978.73
Total Income2,182.605,346.493,492.062,002.86
Profit After Tax155.26663.04352.10-65.86
Net Worth1,628.821,473.56722.52370.43
Reserves and Surplus660.221,376.70631.16279.07
Total Borrowing121.1342.1358.24110.10
Amount in ₹ Lakhs

C2C Advanced Systems Limited Financial Information (Restated)

C2C Advanced Systems Limited's revenue increased by 412% and profit after tax (PAT) rose by 327% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets11,058.018,583.511,849.78903.18
Total Income4,324.974,129.82806.7334.79
Profit After Tax972.991,227.69287.52-238.21
Net Worth8,618.727,645.73252.14-136.57
Reserves and Surplus6,864.5296.69
Total Borrowing1,329.02944.74554.77
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)94.3256.52
Promoter Shareholding (Post-Issue)69.29
P/E Ratio10.6622.56
Market Cap₹96.25 Cr.₹376.09 Cr.
ROE10.01%
ROCE12.02%
Debt/Equity0.070.15
EPS₹6.85₹10.02
RoNW10.01%11.29%

Shares Offered

In the Apex Ecotech IPO Retail Individual Investors (RII) are offered 11,55,200 shares while in C2C Advanced Systems IPO retail investors are offered 11,55,200 shares. Qualified Institutional Buyers (QIB) are offered 6,59,200 shares in Apex Ecotech IPO and 8,32,800 shares in C2C Advanced Systems IPO.

 Apex Ecotech IPOC2C Advanced Systems IPO
Anchor Investor Reserveration9,88,800 shares12,49,200 shares
Market Maker Reserveration2,00,000 shares2,19,600 shares
QIB6,59,200 shares8,32,800 shares
NII4,96,000 shares6,24,600 shares
RII11,55,200 shares14,57,400 shares
Employee
Others
Total32,99,200 shares41,64,000 shares

Bids Received (Subscription)

Apex Ecotech IPO subscribed 457.07x in total, whereas C2C Advanced Systems IPO subscribed 125.35x.

 Apex Ecotech IPOC2C Advanced Systems IPO
QIB (times)136.69x31.61x
NII (times)1,179.62x233.13x
Big NII (times)
Small NII (times)
RII (times)329.65x132.73x
Employee (times)
Other (times)
Total (times)457.07x125.35x