Apex Ecotech IPO vs Ganesh Infraworld IPO

Comparison between Apex Ecotech IPO and Ganesh Infraworld IPO.

IPO Details

Apex Ecotech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Ganesh Infraworld IPO is a SME Bookbuilding proposed to list at NSE SME.

	Apex Ecotech IPO	Ganesh Infraworld IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Pvt.Ltd.	Vivro Financial Services Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 Ganesh Infraworld IPO is up to ₹88.72 Cr. The final issue price of Apex Ecotech IPO is ₹73.00 per share and of Ganesh Infraworld IPO is ₹83.00 per share.

	Apex Ecotech IPO	Ganesh Infraworld IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹71.00 per share	₹78.00 per share
Issue Price (Upper)	₹73.00 per share	₹83.00 per share
Issue Price (Final)	₹73.00 per share	₹83.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	32,99,200 shares	1,06,89,600 shares
Fresh Issue Size (Amount)	up to ₹24.08 Cr	up to ₹88.72 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	32,99,200 shares	1,06,89,600 shares
Issue Size Total (Amount)	up to ₹24.08 Cr	up to ₹88.72 Cr

IPO Timetable

Apex Ecotech IPO opens on Nov 27, 2024, while Ganesh Infraworld IPO opens on Nov 29, 2024. The closing date of Apex Ecotech IPO and Ganesh Infraworld IPO is Nov 29, 2024, and Dec 03, 2024, respectively.

	Apex Ecotech IPO	Ganesh Infraworld IPO
Anchor Bid Date	Nov 26, 2024	Nov 28, 2024
Issue Open	Nov 27, 2024	Nov 29, 2024
Issue Close	Nov 29, 2024	Dec 03, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Dec 04, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Dec 05, 2024
Credit of Share (Tentative)	Dec 03, 2024	Dec 05, 2024
Listing date (Tentative)	Dec 04, 2024	Dec 06, 2024
Anchor Lockin End date 1	Dec 31, 2024	Jan 03, 2025
Anchor Lockin End date 2	Mar 01, 2025	Mar 04, 2025

Financials & KPIs

Apex Ecotech IPO P/E ratio is 10.66, as compared to Ganesh Infraworld IPO P/E ratio of 16.47.

Apex Ecotech IPO

Ganesh Infraworld 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 Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,268.00	2,555.93	1,767.81	978.73
Total Income	2,182.60	5,346.49	3,492.06	2,002.86
Profit After Tax	155.26	663.04	352.10	-65.86
Net Worth	1,628.82	1,473.56	722.52	370.43
Reserves and Surplus	660.22	1,376.70	631.16	279.07
Total Borrowing	121.13	42.13	58.24	110.10
Amount in ₹ Lakhs

Ganesh Infraworld Limited Financial Information (Restated)

Ganesh Infraworld Limited's revenue increased by 116% and profit after tax (PAT) rose by 198% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,006.17	17,725.32	4,266.89	2,529.77
Total Income	21,232.86	29,181.12	13,504.85	8,115.46
Profit After Tax	1,537.2	1,554.47	520.92	188.75
Net Worth	6,617.24	3,720.04	1,515.22	819.44
Reserves and Surplus	5,075.01	2,622.26
Total Borrowing	1,033.02	3,072.42	708.96	304.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.32

81.84

Promoter Shareholding (Post-Issue)

69.29

P/E Ratio

10.66

16.47

Market Cap

₹96.25 Cr.

₹354.59 Cr.

ROE

10.01%

29.74

ROCE

12.02%

35.17

Debt/Equity

0.07

0.16

EPS

₹6.85

₹5.04

RoNW

10.01%

29.74

Shares Offered

In the Apex Ecotech IPO Retail Individual Investors (RII) are offered 11,55,200 shares while in Ganesh Infraworld IPO retail investors are offered 11,55,200 shares. Qualified Institutional Buyers (QIB) are offered 6,59,200 shares in Apex Ecotech IPO and 21,37,600 shares in Ganesh Infraworld IPO.

	Apex Ecotech IPO	Ganesh Infraworld IPO
Anchor Investor Reserveration	9,88,800 shares	32,03,200 shares
Market Maker Reserveration	2,00,000 shares	11,87,200 shares
QIB	6,59,200 shares	21,37,600 shares
NII	4,96,000 shares	16,04,800 shares
RII	11,55,200 shares	37,44,000 shares
Employee
Others
Total	32,99,200 shares	1,06,89,600 shares

Bids Received (Subscription)

Apex Ecotech IPO subscribed 457.07x in total, whereas Ganesh Infraworld IPO subscribed 369.56x.

	Apex Ecotech IPO	Ganesh Infraworld IPO
QIB (times)	136.69x	163.52x
NII (times)	1,179.62x	865.82x
Big NII (times)
Small NII (times)
RII (times)	329.65x	274.48x
Employee (times)
Other (times)
Total (times)	457.07x	369.56x

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