Apex Ecotech is set to launch its initial public offering (IPO) from November 27 to November 29, 2024, with a price band fixed between ₹71 and ₹73 per share. The company specializes in water and wastewater treatment solutions, focusing on recycling and resource recovery to address environmental challenges. With a commitment to sustainability, Apex Ecotech aims to enhance its operational capacity and technological capabilities through the IPO, which seeks to raise approximately ₹25.54 crores.
₹40
₹73
₹138.70
Expert Opinions
Market sentiment for the Apex Ecotech IPO is optimistic, reflecting growing investor interest in sustainable environmental solutions. Company strengths include a solid track record in water and wastewater treatment, with revenue increasing from ₹34.92 crores in 2023 to ₹53.46 crores in 2024, demonstrating effective operational management. The company also reported a profit rise from ₹3.52 crores to ₹6.63 crores, highlighting its profitability.
However, potential risks and challenges involve competition from established players and the volatility of raw material costs. The valuation analysis, with a price band of ₹71 to ₹73 per share, appears attractive given the company’s growth metrics. From a long-term investment perspective, Apex Ecotech is well-positioned to benefit from increasing regulatory support for environmental sustainability and rising demand for eco-friendly solutions, making it an appealing option for investors seeking to engage with a forward-thinking company in the green technology sector.
Investor Considerations
Investors considering the Apex Ecotech IPO should assess several important factors. Company performance and fundamentals indicate strong growth, with revenue increasing from ₹34.92 crores in 2023 to ₹53.46 crores in 2024, alongside a profit rise from ₹3.52 crores to ₹6.63 crores, showcasing effective operational management. The sector outlook is promising, driven by rising demand for sustainable water and wastewater treatment solutions as environmental regulations tighten.
The IPO valuation, set between ₹71 and ₹73 per share, appears attractive given the company’s growth trajectory and market potential. Growth prospects are significant, with plans to expand service offerings and enhance technological capabilities in the environmental sector. However, investors should be aware of risk factors, including reliance on key customers and potential regulatory challenges. A long-term investment horizon is advisable, as Apex Ecotech is well-positioned to benefit from increasing investments in eco-friendly technologies, making it an appealing investment opportunity in the sustainability space.
| Date | GMP | Trend |
|---|---|---|
| 03 Dec 2024 11.23 | ₹40 | Up |
| 02 Dec 2024 11.11 | ₹30 | --- |
| 01 Dec 2024 11.20 | ₹30 | --- |
| 30 Nov 2024 13.00 | ₹30 | --- |
| 29 Nov 2024 10.59 | ₹30 | Down |
| 28 Nov 2024 10.47 | ₹35 | Up |
| 27 Nov 2024 15.59 | ₹25 | Up |
| 26 Nov 2024 10.49 | ₹00 | --- |
| 25 Nov 2024 11.07 | ₹00 | --- |
| 23 Nov 2024 11.24 | ₹00 | --- |
| 22 Nov 2024 18.03 | ₹00 | --- |
FAQs
The Grey Market Premium showed limited accuracy in predicting Apex Ecotech’s listing performance. While the GMP of ₹40 predicted a premium of 54.79% over the issue price, the stock actually delivered a much stronger gain of 90%. With a significant prediction error of 22.74%, the GMP correctly predicted the positive listing direction but substantially underestimated the magnitude of gains, demonstrating its limitations as a precise price predictor in this case.
Apex Ecotech IPO Current GMP is ₹40.
Apex Ecotech IPO Expected Returns is 54.79%.
Apex Ecotech IPO estimated listing price is ₹113.