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Apex Ecotech IPO is a book built issue of Rs 25.54 crores. The issue is entirely a fresh issue of 34.99 lakh shares.
Apex Ecotech IPO opens for subscription on November 27, 2024 and closes on November 29, 2024. The allotment for the Apex Ecotech IPO is expected to be finalized on Monday, December 2, 2024. Apex Ecotech IPO will list on NSE SME with tentative listing date fixed as Wednesday, December 4, 2024.
Apex Ecotech IPO price band is set at ₹71 to ₹73 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹116,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹233,600.
Share India Capital Services Private Limited is the book running lead manager of the Apex Ecotech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Apex Ecotech IPO is Share India Securities.
Refer to Apex Ecotech IPO RHP for detailed information.
| IPO Date | November 27, 2024 to November 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹73 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,499,200 shares (aggregating up to ₹25.54 Cr) |
| Fresh Issue | 3,499,200 shares (aggregating up to ₹25.54 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,686,000 |
| Share holding post issue | 13,185,200 |
| Market Maker portion | 200,000 shares Share India Securities |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Apex Ecotech IPO raises Rs 7.22 crore from anchor investors. Apex Ecotech IPO Anchor bid date is November 26, 2024.
| Bid Date | November 26, 2024 |
| Shares Offered | 988,800 |
| Anchor Portion Size (In Cr.) | 7.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 2, 2025 |
Apex Ecotech IPO opens on November 27, 2024, and closes on November 29, 2024.
| IPO Open Date | Wednesday, November 27, 2024 |
| IPO Close Date | Friday, November 29, 2024 |
| Basis of Allotment | Monday, December 2, 2024 |
| Initiation of Refunds | Tuesday, December 3, 2024 |
| Credit of Shares to Demat | Tuesday, December 3, 2024 |
| Listing Date | Wednesday, December 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 29, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹116,800 |
| Retail (Max) | 1 | 1600 | ₹116,800 |
| HNI (Min) | 2 | 3,200 | ₹233,600 |
| Lot Size Calculator | |||
Mr. Anuj Dosajh, Mr. Ramakrishnan Balasundaram Aiyer,Mr. Ajay Raina, and Mr. Lalit Mohan Datta are the company's promoters.
| Share Holding Pre Issue | 94.32% |
| Share Holding Post Issue | 69.29% |
Founded in 2009, Apex Ecotech Limited provides comprehensive water and wastewater treatment, recycling, and reuse solutions for a variety of applications.
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 |
| 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 | ||||
The market capitalization of Apex Ecotech IPO is Rs 96.25 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 10.01% |
| ROCE | 12.02% |
| Debt/Equity | 0.07 |
| RoNW | 10.01% |
| P/BV | 4.34 |
| PAT Margin (%) | 7.15 |
| 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...
Apex Ecotech Limited
Office No. 202, Garden Plaza,
Five Gardens Road, Sunshine Villas,
Rahatani, Pimpri Waghire, Pune -411017
Phone: +91-9999654360
Email: info@apexecotech.com
Website: http://www.apexecotech.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: apex.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Apex Ecotech IPO is a SME IPO of 3,499,200 equity shares of the face value of ₹10 aggregating up to ₹25.54 Crores. The issue is priced at ₹71 to ₹73 per share. The minimum order quantity is 1600 Shares.
The IPO opens on November 27, 2024, and closes on November 29, 2024.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹116,800.
You can apply in Apex Ecotech IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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