Bookbuilding IPO | ₹26 Cr | Listed at NSE SME | Wed, Nov 27, 2024 - Fri, Nov 29, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,16,800 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Nov 27, 2024
IPO Close
Fri, Nov 29, 2024
Issue Price
₹73 per share
Market Cap (Pre-IPO)
₹96.25 Cr
| IPO Date | 27 to 29 Nov, 2024 |
| Listed on | Wed, Dec 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹73 |
| Issue Price | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,99,200 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 2,00,000 shares Share India Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 32,99,200 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 32,99,200 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 96,86,000 shares |
| Share Holding Post Issue | 1,31,85,200 shares |
| NSE Symbol | APEXECO |
| ISIN | INE0T4V01015 |
Apex Ecotech IPO comprises a total issue size of 34,99,200 shares. The net offer to the public is 32,99,200 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 16,48,000 (49.95%) are allocated to QIB, 4,96,000 (15.03%) allocated to NII 11,55,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 16,48,000 | 49.95% | 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 | 15.03% | 14.17% |
| Retail Shares Offered | 11,55,200 | 35.01% | 33.01% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.72% | |
| Total Shares Offered | 34,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Apex Ecotech IPO raises ₹7.22 crore from anchor investors. Apex Ecotech IPO Anchor bid date is November 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 26, 2024 |
| Shares Offered | 9,88,800 |
| Anchor Portion (₹ Cr.) | 7.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Dec 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Mar 1, 2025 |
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).
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 32.68 | 25.56 | 17.68 | 9.79 |
| Total Income | 21.83 | 53.46 | 34.92 | 20.03 |
| Profit After Tax | 1.55 | 6.63 | 3.52 | -0.66 |
| NET Worth | 16.29 | 14.74 | 7.23 | 3.70 |
| Reserves and Surplus | 6.60 | 13.77 | 6.31 | 2.79 |
| Total Borrowing | 1.21 | 0.42 | 0.58 | 1.10 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements | 17.00 |
| 2 | General corporate purpose | 6.16 |
| KPI | Sep 30, 2024 |
|---|---|
| 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 (₹) | 6.85 | 2.36 |
| P/E (x) | 10.66 | 31 |
| Promoter Holding | 94.32% | 69.29% |
| Market Cap | ₹96.25 Cr. |
The Apex Ecotech IPO is subscribed 457.07 times on November 29, 2024 6:19:59 PM (Day 3). The public issue subscribed 329.65 times in the retail category, 136.69 times in the QIB category, and 1,179.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 136.69 | 6,59,200 | 9,01,05,600 | 75 |
| NII* | 1,179.62 | 4,96,000 | 58,50,91,200 | 23,060 |
| Retail | 329.65 | 11,55,200 | 38,08,06,400 | 2,38,004 |
| Total | 457.07 | 23,10,400 | 1,05,60,03,200 | 2,61,139 |
Total Application : 2,61,139
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 1.68 |
| 2 | Fees Payable to Registrar to the Issue | 0.05 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.07 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.15 |
| 5 | Fees payable to Peer Review Auditor | 0.03 |
| 6 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 7 | Escrow Bank Fees | 0.05 |
| 8 | Others | 0.27 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹138.70 |
| Low | ₹138.70 |
| High | ₹145.60 |
| Last Trade | ₹145.60 |
Lead Manager Reports
Apex Ecotech IPO is a SME IPO of 34,99,200 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Nov 27, 2024, and closes on Fri, Nov 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 Wed, Nov 27, 2024 and closes on Fri, Nov 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 Tue, Dec 3, 2024. Check the Apex Ecotech IPO allotment status.
The Apex Ecotech IPO listing date is on Wed, Dec 4, 2024.
