Apex Ecotech IPO vs Ganesh Infraworld IPO

Comparision between Apex Ecotech IPO and Ganesh Infraworld IPO.

IPO Details

Apex Ecotech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Ganesh Infraworld IPO is a SME Book Built Issue proposed to list at NSE SME.

	Apex Ecotech IPO	Ganesh Infraworld 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	Vivro Financial Services Private Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker	Share India Securities Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Ganesh Infraworld IPO is up to ₹98.58 Cr. The final issue price of Apex Ecotech IPO is and of Ganesh Infraworld IPO is .

	Apex Ecotech IPO	Ganesh Infraworld IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹71.00 per share	₹78.00 per share
Issue Price (Upper)	₹73.00 per share	₹83.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	34,99,200 shares	1,18,76,800 shares
Fresh Issue Size (Amount)	up to ₹25.54 Cr	up to ₹98.58 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,99,200 shares	1,18,76,800 shares
Issue Size Total (Amount)	up to ₹25.54 Cr	up to ₹98.58 Cr

IPO Timetable

Apex Ecotech IPO opens on Nov 27, 2024, while Ganesh Infraworld IPO opens on Nov 29, 2024. The closing date of Apex Ecotech IPO and Ganesh Infraworld IPO is Nov 29, 2024, and Dec 03, 2024, respectively.

	Apex Ecotech IPO	Ganesh Infraworld IPO
Anchor Bid Date	Nov 26, 2024	Nov 28, 2024
Issue Open	Nov 27, 2024	Nov 29, 2024
Issue Close	Nov 29, 2024	Dec 03, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Dec 04, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Dec 05, 2024
Credit of Share (Tentative)	Dec 03, 2024	Dec 05, 2024
Listing date (Tentative)	Dec 04, 2024	Dec 06, 2024
Anchor Lockin End date 1	Jan 01, 2025	Jan 03, 2025
Anchor Lockin End date 2	Mar 02, 2025	Mar 04, 2025

Financials

Apex Ecotech IPO P/E ratio is 10.66, as compared to Ganesh Infraworld IPO P/E ratio of 16.47.

Apex Ecotech IPO

Ganesh Infraworld 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

Ganesh Infraworld Limited Financial Information (Restated)

Ganesh Infraworld Limited's revenue increased by 116% and profit after tax (PAT) rose by 198% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,006.17	17,725.32	4,266.89	2,529.77
Revenue	21,232.86	29,181.12	13,504.85	8,115.46
Profit After Tax	1,537.2	1,554.47	520.92	188.75
Net Worth	6,617.24	3,720.04	1,515.22	819.44
Reserves and Surplus	5,075.01	2,622.26
Total Borrowing	1,033.02	3,072.42	708.96	304.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.32%

81.84%

Promoter Shareholding (Post-Issue)

69.29%

P/E Ratio

10.66

16.47

Market Cap

₹96.25 Cr.

₹354.59 Cr.

ROE

10.01%%

29.74%

ROCE

12.02%%

35.17%

Debt/Equity

0.07

0.16

EPS

₹6.85

₹5.04

RoNW

10.01%%

29.74%

Shares Offered

In the Apex Ecotech IPO retail investors (RII) are offered while in Ganesh Infraworld IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Apex Ecotech IPO and in Ganesh Infraworld IPO.

	Apex Ecotech IPO	Ganesh Infraworld IPO
Anchor Investor Reserveration	9,88,800 shares
Market Maker Reserveration	2,00,000 shares	11,87,200 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Apex Ecotech IPO subscribed in total, whereas Ganesh Infraworld IPO subscribed .

	Apex Ecotech IPO	Ganesh Infraworld IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

Apex Ecotech IPO	Ganesh Infraworld IPO
Abha Power and Steel IPO	Abha Power and Steel 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	C2C Advanced Systems IPO
Lamosaic India IPO
Nisus Finance Services IPO

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