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Apex Ecotech IPO is a book build issue of ₹25.54 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹25.54 crore.
Apex Ecotech IPO bidding started from Nov 27, 2024 and ended on Nov 29, 2024. The allotment for Apex Ecotech IPO was finalized on Dec 2, 2024. The shares got listed on NSE SME on Dec 4, 2024.
Apex Ecotech IPO price band is set at ₹73.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,33,600.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Share India Securities Ltd..
Refer to Apex Ecotech IPO RHP for detailed Information.
| IPO Date | November 27, 2024 to November 29, 2024 |
| Listing Date | December 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹73 per share |
| Issue Price Final | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,99,200 shares (aggregating up to ₹25.54 Cr) |
| Reserved for Market Maker | 2,00,000 shares Share India Securities Ltd. (aggregating up to ₹1.46 Cr) |
| Net Offered to Public | 32,99,200 shares (aggregating up to ₹24.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 96,86,000 shares |
| Share Holding Post Issue | 1,31,85,200 shares |
Apex Ecotech IPO offers total 34,99,200 shares. Out of which 16,48,000 (47.10%) allocated to QIB, 6,59,200 (18.84%) allocated to QIB, 4,96,000 (14.17%) allocated to NII, 11,55,200 (33.01%) allocated to RII and 9,88,800 (28.26%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.72%) |
| QIB Shares Offered | 16,48,000 (47.10%) |
| − Anchor Investor Shares Offered | 9,88,800 (28.26%) |
| − QIB (Ex. Anchor) Shares Offered | 6,59,200 (18.84%) |
| NII (HNI) Shares Offered | 4,96,000 (14.17%) |
| Retail Shares Offered | 11,55,200 (33.01%) |
| Total Shares Offered | 34,99,200 (100.00%) |
Apex Ecotech IPO raises ₹7.22 crore from anchor investors. Apex Ecotech IPO Anchor bid date is November 26, 2024. Apex Ecotech IPO Anchor Investors list
| Bid Date | November 26, 2024 |
| Shares Offered | 9,88,800 |
| Anchor Portion Size (In Cr.) | 7.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 1, 2025 |
Apex Ecotech IPO opens on November 27, 2024, and closes on November 29, 2024.
| IPO Open Date | Wed, Nov 27, 2024 |
| IPO Close Date | Fri, Nov 29, 2024 |
| Tentative Allotment | Mon, Dec 2, 2024 |
| Initiation of Refunds | Tue, Dec 3, 2024 |
| Credit of Shares to Demat | Tue, Dec 3, 2024 |
| Tentative Listing Date | Wed, Dec 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 29, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,16,800 |
| Retail (Max) | 1 | 1,600 | ₹1,16,800 |
| HNI (Min) | 2 | 3,200 | ₹2,33,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2009, Apex Ecotech Limited provides water and wastewater treatment, recycling, and reuse solutions.
The company's services include setting up Raw Water Treatment Plants for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, providing Sludge Dewatering Equipment, recycling of pre-treated wastewater through membrane systems (Ultrafiltration, Nanofiltration, Reverse Osmosis, Disc Type RO, etc.) and Thermal / Vapor Compression- based Evaporators & Crystallizers for Zero Liquid Discharge systems. In addition, the company also offers its customers after-sales support as well as operation and maintenance services.
Apex Ecotech's customers include Aditya Birla Group, Ashok Leyland, Apotex Research, Bharatiyam, Escorts Kubota, Haldiram, Hero Motocorp, Honda Cars, Honda Scooters & Motorcycle, HUL, Jubilant, Kohler, Lenskart, Mahindra & Mahindra, PepsiCo, Piramal Pharma, Reckitt Benckiser, Shimizu Corporation, SMCC, Takenaka and many more esteemed users.
The company has successfully supplied complete ZLD systems achieving more than 98% overall recovery for water reuse applications such as process water applications, boiler feed, cooling tower make-up water, air washers, horticulture, toilet flushing, etc.
Competitive strengths:
As of July 29, 2024, the company employed 118 full-time employees (including executive directors).
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 | ||||
The market capitalization of Apex Ecotech IPO is ₹96.25 Cr.
KPI as of Mon, Sep 30, 2024.
| KPI | Values |
|---|---|
| ROE | 10.01% |
| ROCE | 12.02% |
| Debt/Equity | 0.07 |
| RoNW | 10.01% |
| PAT Margin | 7.15% |
| Price to Book Value | 4.34 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.85 | 2.36 |
| P/E (x) | 10.66 | 31 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is engaged in providing comprehensive solutions for water, wastewater treatment, recycling. Its customer list included big corporate like HUL, Hero MotoCorp, Ashok Leyland, Honda, M & M, Jubilant etc. Based on its latest financial performance, the IPO appears fully priced. It holds promises for bright prospects ahead with the inflow of orders. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | December 4, 2024 |
| BSE Script Code | |
| NSE Symbol | APEXECO |
| ISIN | INE0T4V01015 |
| Final Issue Price | ₹73 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹138.70 |
| Low | ₹138.70 |
| High | ₹145.60 |
| Last Trade | ₹145.60 |
Apex Ecotech Ltd.
Office No. 202, Garden Plaza,
Five Gardens Road, Sunshine Villas,
Rahatani, Pimpri Waghire,
Pune, Maharashtra, 411017
Phone: +91-9999654360
Email: info@apexecotech.com
Website: http://www.apexecotech.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: apex.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Apex Ecotech IPO is a SME IPO of 34,99,200 equity shares of the face value of ₹10 aggregating up to ₹25.54 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on November 27, 2024, and closes on November 29, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Apex Ecotech IPO using UPI as a payment gateway. Zerodha customers can apply in Apex Ecotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Apex Ecotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Apex Ecotech IPO opens on November 27, 2024 and closes on November 29, 2024.
Apex Ecotech IPO lot size is 1600, and the minimum amount required for application is ₹1,16,800.
You can apply in Apex Ecotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Apex Ecotech IPO will be done on Monday, December 2, 2024, and the allotted shares will be credited to your demat account by Tuesday, December 3, 2024. Check the Apex Ecotech IPO allotment status.
The Apex Ecotech IPO listing date is on Wednesday, December 4, 2024.
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