Apex Ecotech IPO vs Purple United Sales IPO

Comparison between Apex Ecotech IPO and Purple United Sales IPO.

IPO Details

Apex Ecotech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Purple United Sales IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Apex Ecotech IPO is up to ₹24.08 Cr whereas the issue size of the Purple United Sales IPO is up to ₹31.16 Cr. The final issue price of Apex Ecotech IPO is ₹73.00 per share and of Purple United Sales IPO is ₹126.00 per share.

 Apex Ecotech IPOPurple United Sales IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share₹121.00 per share
Issue Price (Upper)₹73.00 per share₹126.00 per share
Issue Price (Final)₹73.00 per share₹126.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size32,99,200 shares24,73,000 shares
Fresh Issue Size (Amount)up to ₹24.08 Crup to ₹31.16 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,99,200 shares24,73,000 shares
Issue Size Total (Amount)up to ₹24.08 Crup to ₹31.16 Cr

IPO Timetable

Apex Ecotech IPO opens on Nov 27, 2024, while Purple United Sales IPO opens on Dec 11, 2024. The closing date of Apex Ecotech IPO and Purple United Sales IPO is Nov 29, 2024, and Dec 13, 2024, respectively.

 Apex Ecotech IPOPurple United Sales IPO
Anchor Bid DateNov 26, 2024Dec 10, 2024
Issue OpenNov 27, 2024Dec 11, 2024
Issue CloseNov 29, 2024Dec 13, 2024
Basis Of Allotment (Tentative)Dec 02, 2024Dec 16, 2024
Initiation of Refunds (Tentative)Dec 03, 2024Dec 17, 2024
Credit of Share (Tentative)Dec 03, 2024Dec 17, 2024
Listing date (Tentative)Dec 04, 2024Dec 18, 2024
Anchor Lockin End date 1Dec 31, 2024Jan 14, 2025
Anchor Lockin End date 2Mar 01, 2025Mar 15, 2025

Financials & KPIs

Apex Ecotech IPO P/E ratio is 10.66, as compared to Purple United Sales IPO P/E ratio of 18.33.

 Apex Ecotech IPOPurple United Sales IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets32.6825.5617.689.79
Total Income21.8353.4634.9220.03
Profit After Tax1.556.633.52-0.66
NET Worth16.2914.747.233.70
Reserves and Surplus6.6013.776.312.79
Total Borrowing1.210.420.581.10
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets70.3449.1432.5122.79
Total Income30.5242.9225.7116.56
Profit After Tax3.294.821.491.77
NET Worth23.6917.3410.376.18
Reserves and Surplus16.6810.704.290.64
Total Borrowing33.6725.6311.8711.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.3287.54
Promoter Shareholding (Post-Issue)69.2963.82
P/E Ratio10.6618.33
Market Cap₹96.25 Cr.₹121.08 Cr.
ROE10.01
ROCE12.0219.35
Debt/Equity0.071.48
EPS₹6.85₹6.87
RoNW10.0127.78

Shares Offered

In the Apex Ecotech IPO Retail Individual Investors (RII) are offered 11,55,200 shares while in Purple United Sales IPO retail investors are offered 11,55,200 shares. Qualified Institutional Buyers (QIB) are offered 6,59,200 shares in Apex Ecotech IPO and 4,95,000 shares in Purple United Sales IPO.

 Apex Ecotech IPOPurple United Sales IPO
Anchor Investor Reservation9,88,800 shares7,41,000 shares
Market Maker Reservation2,00,000 shares1,31,000 shares
QIB6,59,200 shares4,95,000 shares
NII4,96,000 shares3,71,000 shares
RII11,55,200 shares8,66,000 shares
Employee
Others
Total32,99,200 shares24,73,000 shares

Bids Received (Subscription)

Apex Ecotech IPO subscribed 320.08x in total, whereas Purple United Sales IPO subscribed 112.12x.

 Apex Ecotech IPOPurple United Sales IPO
QIB (times)136.69x86.30x
NII (times)1,179.62x269.70x
Big NII (times)
Small NII (times)
RII (times)329.65x155.29x
Employee (times)
Other (times)
Total (times)320.08x112.12x

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