Apex Ecotech IPO vs Nisus Finance IPO

Comparison between Apex Ecotech IPO and Nisus Finance IPO.

IPO Details

Apex Ecotech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Nisus Finance IPO is a SME Bookbuilding proposed to list at BSE SME.

	Apex Ecotech IPO	Nisus Finance IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Share India Capital Services Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Spread X Securities Pvt.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 Nisus Finance IPO is up to ₹107.91 Cr. The final issue price of Apex Ecotech IPO is ₹73.00 per share and of Nisus Finance IPO is ₹180.00 per share.

	Apex Ecotech IPO	Nisus Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹170.00 per share
Issue Price (Upper)	₹73.00 per share	₹180.00 per share
Issue Price (Final)	₹73.00 per share	₹180.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	32,99,200 shares	52,94,400 shares
Fresh Issue Size (Amount)	up to ₹24.08 Cr	up to ₹95.30 Cr
OFS Issue Size	0 shares	7,00,800 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹12.61 Cr
Issue Size Total	32,99,200 shares	59,95,200 shares
Issue Size Total (Amount)	up to ₹24.08 Cr	up to ₹107.91 Cr

IPO Timetable

Apex Ecotech IPO opens on Nov 27, 2024, while Nisus Finance IPO opens on Dec 04, 2024. The closing date of Apex Ecotech IPO and Nisus Finance IPO is Nov 29, 2024, and Dec 06, 2024, respectively.

	Apex Ecotech IPO	Nisus Finance IPO
Anchor Bid Date	Nov 26, 2024	Dec 03, 2024
Issue Open	Nov 27, 2024	Dec 04, 2024
Issue Close	Nov 29, 2024	Dec 06, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Dec 09, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Dec 10, 2024
Credit of Share (Tentative)	Dec 03, 2024	Dec 10, 2024
Listing date (Tentative)	Dec 04, 2024	Dec 11, 2024
Anchor Lockin End date 1	Dec 31, 2024	Jan 08, 2025
Anchor Lockin End date 2	Mar 01, 2025	Mar 09, 2025

Financials & KPIs

Apex Ecotech IPO P/E ratio is 10.66, as compared to Nisus Finance IPO P/E ratio of 14.24.

Apex Ecotech IPO

Nisus Finance 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

Nisus Finance Services Co Limited Financial Information (Restated Consolidated)

Nisus Finance Services Co Limited's revenue increased by 266.16% and profit after tax (PAT) rose by 663.29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,835.66	4,903.31	3,106.22	2,077.43
Total Income	1,500.53	4,224.92	1,153.83	749.51
Profit After Tax	835.72	2,305.29	302.02	129.43
Net Worth	3,876.66	3,129.80	938.95	638.90
Reserves and Surplus	2,236.20	3,119.19	831.70	531.65
Total Borrowing	663.83	726.50	1,813.50	1,041.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.32

99.74

Promoter Shareholding (Post-Issue)

69.29

73.22

P/E Ratio

10.66

14.24

Market Cap

₹96.25 Cr.

₹429.81 Cr.

ROE

10.01%

109.83%

ROCE

12.02%

101.63%

Debt/Equity

0.07

0.23

EPS

₹6.85

₹12.64

RoNW

10.01%

73.09%

Shares Offered

In the Apex Ecotech IPO Retail Individual Investors (RII) are offered 11,55,200 shares while in Nisus Finance IPO retail investors are offered 11,55,200 shares. Qualified Institutional Buyers (QIB) are offered 6,59,200 shares in Apex Ecotech IPO and 11,94,400 shares in Nisus Finance IPO.

	Apex Ecotech IPO	Nisus Finance IPO
Anchor Investor Reserveration	9,88,800 shares	17,89,600 shares
Market Maker Reserveration	2,00,000 shares	3,51,200 shares
QIB	6,59,200 shares	11,94,400 shares
NII	4,96,000 shares	8,96,000 shares
RII	11,55,200 shares	20,91,200 shares
Employee		24,000 shares
Others
Total	32,99,200 shares	59,95,200 shares

Bids Received (Subscription)

Apex Ecotech IPO subscribed 457.07x in total, whereas Nisus Finance IPO subscribed 192.29x.

	Apex Ecotech IPO	Nisus Finance IPO
QIB (times)	136.69x	93.84x
NII (times)	1,179.62x	451.21x
Big NII (times)
Small NII (times)
RII (times)	329.65x	139.78x
Employee (times)		0.90x
Other (times)
Total (times)	457.07x	192.29x

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