The Apex Ecotech IPO is a book-built issue with a total size of ₹25.54 crores. The issue comprises a fresh offering of 34.99 lakh shares, with no offer-for-sale component. The IPO will open for subscription on November 27, 2024, and close on November 29, 2024. Following the subscription period, the allotment is expected to be finalized on December 2, 2024 (Monday), and the shares are scheduled to be listed on the NSE SME platform on December 4, 2024 (Wednesday).
The price band for the Apex Ecotech IPO is set at ₹71 to ₹73 per share. Investors can apply for a minimum lot size of 1,600 shares, which translates to a minimum investment of ₹116,800 for retail investors. High Net Worth Individuals (HNI) can apply for a minimum of 2 lots, amounting to 3,200 shares and requiring an investment of ₹233,600.
This IPO offers an opportunity for investors looking to participate in the SME space, with Apex Ecotech aiming to leverage the funds raised for its growth and expansion.
Overview of Contents
Apex Ecotech IPO Overview
| IPO Date | November 27, 2024 to November 29, 2024 |
|---|---|
| Listing Date | 3rd December |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹73 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,499,200 shares |
| Fresh Issue | 3,499,200 shares |
| 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 |
Founded in 2009, Apex Ecotech Limited specializes in providing end-to-end solutions for water and wastewater treatment, recycling, and reuse, catering to diverse industrial and commercial applications. The company’s expertise spans designing and implementing Raw Water Treatment Plants for industrial processes, as well as Effluent and Sewage Treatment Plants to ensure compliance with stringent pollution control norms.
Apex Ecotech also offers advanced solutions such as Sludge Dewatering Equipment, recycling pre-treated wastewater using membrane systems like Ultrafiltration, Nanofiltration, Reverse Osmosis, and Disc Type RO. Additionally, the company provides Thermal and Vapor Compression-based Evaporators & Crystallizers for achieving Zero Liquid Discharge (ZLD) systems. Complementing its core services, Apex Ecotech delivers comprehensive after-sales support and operation and maintenance services, ensuring seamless functionality and sustainability for its clients.
The company has earned the trust of prestigious clients, including Aditya Birla Group, Ashok Leyland, Apotex Research, Escorts Kubota, Hero Motocorp, Honda Cars, Hindustan Unilever (HUL), PepsiCo, Piramal Pharma, and Reckitt Benckiser, among others. Its clientele represents a wide spectrum of industries, showcasing Apex Ecotech’s capability to address complex and diverse water management challenges.
Apex Ecotech IPO Timeline (Tentative Schedule)
The Apex Ecotech IPO is scheduled to open for subscription on November 27, 2024, and will close 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 |
Apex Ecotech IPO Lot Size
The Apex Ecotech IPO allows investors to bid for a minimum of 1,600 shares, with applications to be made in multiples of this lot size. For retail investors, the minimum and maximum investment is 1 lot comprising 1,600 shares, amounting to an investment of ₹116,800. High Net Worth Individuals (HNI) are required to bid for a minimum of 2 lots, which equals 3,200 shares, requiring an investment of ₹233,600.
Apex Ecotech IPO Reservation
The allocation of shares in the Apex Ecotech IPO is structured to cater to different categories of investors. Qualified Institutional Buyers (QIBs) will be offered not more than 50% of the net offer, while retail investors will be allocated not less than 35% of the total offer. High Net Worth Individuals (HNI/NII) will be entitled to not less than 15% of the offer, ensuring a balanced distribution across investor categories.
The promoters of Apex Ecotech Limited include Mr. Anuj Dosajh, Mr. Ramakrishnan Balasundaram Aiyer, Mr. Ajay Raina, and Mr. Lalit Mohan Datta. Prior to the IPO, the promoters hold a 94.32% stake in the company. Post-issue shareholding details will be updated upon finalization of the IPO allotment.
Apex Ecotech IPO Promoter Holding
The Apex Ecotech IPO secured ₹7.22 crore from anchor investors, with the anchor bid date set for November 26, 2024. A total of 988,800 shares were allocated to anchor investors under this portion. The lock-in period for 50% of these shares will end on January 1, 2025 (30 days from the allotment date), while the remaining shares will be locked in until March 2, 2025 (90 days). This anchor investment highlights strong institutional interest in the IPO.
Apex Ecotech Limited Financial Information (Restated Standalone)
The financial performance of Apex Ecotech Limited has shown significant improvement over the years, as evidenced by its restated standalone financials. Between the financial years ending March 31, 2023, and March 31, 2024, the company’s revenue surged by 53.1%, reaching ₹5,346.49 lakh compared to ₹3,492.06 lakh in the previous year. During the same period, the company’s Profit After Tax (PAT) exhibited an impressive growth of 88.31%, rising from ₹352.10 lakh to ₹663.04 lakh.
Over the last three years, Apex Ecotech’s total assets increased significantly, from ₹978.73 lakh in FY 2022 to ₹2,555.93 lakh in FY 2024. The company’s net worth more than doubled, growing from ₹722.52 lakh in FY 2023 to ₹1,473.56 lakh in FY 2024, supported by a consistent rise in reserves and surplus, which stood at ₹1,376.70 lakh by the end of FY 2024. Additionally, the company’s debt levels reduced substantially, with total borrowings declining from ₹110.10 lakh in FY 2022 to ₹42.13 lakh in FY 2024, reflecting its strengthened financial position.
These robust financial indicators highlight Apex Ecotech’s strong growth trajectory and its commitment to financial stability, positioning it as an attractive proposition for potential investors.
Key Performance Indicator
The Apex Ecotech IPO has a market capitalization of ₹96.25 crore, reflecting its valuation post-issue. Key performance indicators include the company’s Earnings Per Share (EPS) and Price-to-Earnings (P/E) ratio, both pre-IPO and post-IPO.
The Pre-IPO EPS is ₹6.85, calculated based on the pre-issue shareholding as stated in the Red Herring Prospectus (RHP) and the financial year earnings as of March 31, 2024. After the IPO, the Post-IPO EPS adjusts to ₹5.03, reflecting the diluted shareholding. The corresponding P/E ratio increases from 10.66x pre-IPO to 14.52x post-IPO, based on the annualized earnings of the same financial year.
These metrics underline the impact of the IPO on Apex Ecotech’s valuation and provide valuable insights into its earnings performance relative to the offering.
Apex Ecotech Limited Contact Details
For any queries regarding Apex Ecotech Limited, you can contact the company at the following 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: www.apexecotech.com
Apex Ecotech IPO Registrar
The Registrar for the Apex Ecotech IPO is Kfin Technologies Limited. For any issues related to the IPO, you can contact them via:
Phone: 04067162222, 04079611000
Email: apex.ipo@kfintech.com
Website: Kfin IPO Status