Apex Ecotech IPO - AstroIPO

Apex Ecotech IPO


November 21, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Apex Ecotech Ltd. is set to make a significant mark in the Indian stock market with its upcoming initial public offering (IPO) in the engineering and water supply sector.

The IPO open on 27 November 2024 and close on 29 November 2024, the offering comes with a price band of ₹71 to ₹73 per share. Investors can participate with a minimum application of 1,600 shares, which translates to an investment of approximately ₹116,800 at the cut-off price.

The issue comprises a fresh offering of 3,499,200 shares, aggregating up to ₹25.54 Crore. Targeting listing on the NSE SME platform.

Apex Ecotech IPO Details

The key details of Apex Ecotech’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹25.54 Cr
Price Range ₹71 - ₹73
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1600
Investment (cut-off price) ₹116,800
Pre IPO Promotor Holding 94.32%
Post IPO Promotor Holding 69.29%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Apex Ecotech IPO Timelines

The IPO process for Apex Ecotech includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

27/11/2024
Start Date
29/11/2024
End Date
02/12/2024
Allotment Date View Status
03/12/2024
Refund Initiation
03/12/2024
Credit of Shares to Demat Ac
04/12/2024
Listing Date

Apex Ecotech IPO Lot Size

The Apex Ecotech IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹73 per share, requiring ₹116,800 per lot for retail investors. For HNI investors, the minimum application is 3,200 shares (2 lots) amounting to ₹233,600.

Application Lot Size Shares Amount
Retail Minimum 1 1600 ₹116,800
Retail Maximum 1 1600 ₹116,800
S-HNI Minimum 2 3200 ₹233,600

Apex Ecotech IPO Subscription Status

The subscription status for Apex Ecotech IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
136.69x 1179.62x 329.65x -- 457.07x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹138.70 ₹145.60 ₹145.60 ₹138.70

Apex Ecotech IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹20.03 ₹20.55 ₹0.66
FY 2023 ₹34.92 ₹30.76 ₹3.52
FY 2024 ₹53.46 ₹44.49 ₹6.63

About Company

Apex Ecotech Limited, established in 2009, specializes in innovative and sustainable water and wastewater treatment solutions tailored for diverse industries. Its product portfolio includes Raw Water Treatment Plants, Effluent & Sewage Treatment Plants, Sludge Dewatering Equipment, and advanced systems like Ultrafiltration, Reverse Osmosis, and Thermal Evaporators for Zero Liquid Discharge (ZLD) applications. With a focus on energy-efficient and eco-friendly designs, the company helps clients optimize operations while adhering to environmental compliance standards. Apex also offers comprehensive after-sales support, ensuring reliable performance and maintenance of its systems.

Serving prominent clients such as Aditya Birla Group, Honda, and PepsiCo, Apex Ecotech has established a strong reputation for delivering ZLD systems with over 98% water recovery rates. The company’s experienced management, in-house design expertise, and wide geographical presence have enabled the successful execution of numerous projects, fostering long-term customer relationships. With a workforce of 118 professionals as of July 2024, Apex continues to lead in providing cutting-edge solutions for efficient water resource management.

Incorporation Date Sector Managing Director
2009 Engineering Anuj Dosajh

Know Before Investing

Apex Ecotech IPO Strengths

  • Advanced in-house design and engineering capabilities deliver top-notch, customized solutions.
  • Seasoned leadership drives innovation and ensures flawless execution of complex water treatment projects.
  • Strong client relationships secure repeat business from leading global companies.
  • Proven success in delivering Zero Liquid Discharge (ZLD) systems with impressive recovery rates.
  • A widespread presence ensures timely project delivery and robust post-sales support worldwide.

Apex Ecotech IPO Risks

  • Relying heavily on industrial clients may hinder the company’s expansion into broader water treatment market segments.
  • Fierce competition from industry leaders challenges market share growth and customer retention.
  • Capital-intensive operations strain financial flexibility, slowing expansion opportunities.
  • Shifts in water management policies could disrupt business operations and compliance.
  • A lean workforce may limit the company’s ability to scale efficiently during surges in demand.

Swot Analysis for Apex Ecotech IPO

Strengths

Established leader in water treatment, Strong client relationships

Weaknesses

Geographical concentration, Relatively new company in the market

Opportunities

Growing demand for sustainable water solutions, Expansion potential

Threats

Intense competition, Fluctuations in raw material prices

Company Details

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/

IPO Registar Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: apex.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

FAQs

The key objectives of Apex Ecotech IPO are:

  • To meet Working Capital Requirements;
  • General corporate purposes; and
  • To meet Public Issue Expenses.

Share India Capital Services Private Limited is the book-running lead managers for the Apex Ecotech IPO.

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