Apex Ecotech IPO vs C2C Advanced Systems IPO

Comparision between Apex Ecotech IPO and C2C Advanced Systems IPO.

IPO Details

Apex Ecotech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while C2C Advanced Systems IPO is a SME Book Built Issue proposed to list at NSE SME.

	Apex Ecotech IPO	C2C Advanced Systems IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Mark Corporate Advisors Private Limited Beeline Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker	Share India Securities Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Apex Ecotech IPO is up to ₹25.54 Cr whereas the issue size of the C2C Advanced Systems IPO is up to ₹99.07 Cr. The final issue price of Apex Ecotech IPO is and of C2C Advanced Systems IPO is ₹226.00 per share.

	Apex Ecotech IPO	C2C Advanced Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹214.00 per share
Issue Price (Upper)	₹73.00 per share	₹226.00 per share
Issue Price (Final)		₹226.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	600 shares
Fresh Issue Size	34,99,200 shares	43,83,600 shares
Fresh Issue Size (Amount)	up to ₹25.54 Cr	up to ₹99.07 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,99,200 shares	43,83,600 shares
Issue Size Total (Amount)	up to ₹25.54 Cr	up to ₹99.07 Cr

IPO Timetable

Apex Ecotech IPO opens on Nov 27, 2024, while C2C Advanced Systems IPO opens on Nov 22, 2024. The closing date of Apex Ecotech IPO and C2C Advanced Systems IPO is Nov 29, 2024, and Nov 26, 2024, respectively.

	Apex Ecotech IPO	C2C Advanced Systems IPO
Anchor Bid Date	Nov 26, 2024	Nov 21, 2024
Issue Open	Nov 27, 2024	Nov 22, 2024
Issue Close	Nov 29, 2024	Nov 26, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Nov 27, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Nov 28, 2024
Credit of Share (Tentative)	Dec 03, 2024	Nov 28, 2024
Listing date (Tentative)	Dec 04, 2024	Nov 29, 2024
Anchor Lockin End date 1	Jan 01, 2025	Dec 27, 2024
Anchor Lockin End date 2	Mar 02, 2025	Feb 25, 2025

Financials

Apex Ecotech IPO P/E ratio is 10.66, as compared to C2C Advanced Systems IPO P/E ratio of 22.56.

Apex Ecotech IPO

C2C Advanced Systems IPO

Financial

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
Revenue	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

C2C Advanced Systems Limited Financial Information (Restated)

C2C Advanced Systems Limited's revenue increased by 412% and profit after tax (PAT) rose by 327% 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	11,058.01	8,583.51	1,849.78	903.18
Revenue	4,324.97	4,129.82	806.73	34.79
Profit After Tax	972.99	1,227.69	287.52	-238.21
Net Worth	8,618.72	7,645.73	252.14	-136.57
Reserves and Surplus		6,864.52	96.69
Total Borrowing	1,329.02		944.74	554.77
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.32%

56.52%

Promoter Shareholding (Post-Issue)

69.29%

P/E Ratio

10.66

22.56

Market Cap

₹96.25 Cr.

₹376.09 Cr.

ROE

10.01%%

ROCE

12.02%%

Debt/Equity

0.07

0.15

EPS

₹6.85

₹10.02

RoNW

10.01%%

11.29%%

Shares Offered

In the Apex Ecotech IPO retail investors (RII) are offered while in C2C Advanced Systems IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Apex Ecotech IPO and 8,32,800 shares in C2C Advanced Systems IPO.

	Apex Ecotech IPO	C2C Advanced Systems IPO
Anchor Investor Reserveration	9,88,800 shares	12,49,200 shares
Market Maker Reserveration	2,00,000 shares	2,19,600 shares
QIB		8,32,800 shares
NII		6,24,600 shares
RII		14,57,400 shares
Employee		0 shares
Others
Total		29,14,800 shares

Bids Received (Subscription)

Apex Ecotech IPO subscribed in total, whereas C2C Advanced Systems IPO subscribed 27.19x.

	Apex Ecotech IPO	C2C Advanced Systems IPO
QIB (times)		0.53x
NII (times)		26.68x
Big NII (times)
Small NII (times)
RII (times)		42.64x
Employee (times)
Other (times)
Total (times)		27.19x

Compare with others

Apex Ecotech IPO	C2C Advanced Systems IPO
Abha Power and Steel IPO	Ganesh Infraworld IPO
Ganesh Infraworld IPO	Agarwal Toughened Glass India IPO
Agarwal Toughened Glass India IPO	Apex Ecotech IPO
Rajputana Biodiesel IPO	Rajputana Biodiesel IPO
Rajesh Power Services IPO	Rajesh Power Services IPO
C2C Advanced Systems IPO	Lamosaic India IPO
Lamosaic India IPO	Nisus Finance Services IPO
Nisus Finance Services IPO	Onyx Biotec IPO
	Mangal Compusolution IPO
	Rosmerta Digital Services IPO

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