Apex Ecotech Limited IPO is opening for subscription from 27 November 2024 and will be open until 29 November. This is an SME IPO that is looking to raise around ₹25.54 crore from a complete fresh issue of 34.99 lakh equity shares.
The allotment for the Apex Ecotech Ltd. IPO is expected to be finalized on Monday, 2 December 2024. Apex Ecotech shares will be listed on NSE SME on Wednesday, 4 December 2024 as decided yet.
The price band decided for the Apex Ecotech IPO is between ₹71 and ₹73 per share. The minimum ipo lot size of 1600 shares, which means the minimum investment, has to be ₹116800. However, this is for retail investors only, for HNIs, they need to buy at least two lots at a time, which makes the minimum investment for them stand at ₹233600.
Here Are the Quick Steps to Apply for the Apex Ecotech SME IPO!
Apex Ecotech NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | November 27, 2024 |
| IPO Closing Date | November 29, 2024 |
| Tentative IPO Listing Date | December 4, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹71 to ₹73 per share |
| Lot Size | 1600 shares |
| Total Issue Size | 3499200 shares (₹25.54 Cr) |
| Fresh Issue | 3499200 shares (₹25.54 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 9686000 shares |
| Shareholding Post-issue | 13185200 shares |
Apex Ecotech Limited | Company Overview
Apex Ecotech Limited was founded in the year 2009, and in these years, the company has expanded its business from water and wastewater management to now offering recycling, and reuse solutions as well.
The primary services of the firm include –
- Development of raw water treatment plants for industries
- Treatment plants for sewage and effluent
- Sludge dewatering equipment
- Thermal and vapor compression-based evaporators, and crystallizers used for zero liquid discharge systems
- Recycling of pre-treated wastewater via a membrane system
In addition to these above services, the company also provides operations and maintenance services.
The main clientele of Apex Ecotech includes –
- Ashok Leyland
- Aditya Birla Group
- Bhartiyam
- Apotex Research
- Escorts Kubota
- Hero MotoCorp
- Honda scooters and cars
- HUL
- Lenskart, Mahindra & Mahindra
- Kohler
- Others
Recently the firm has supplied complete ZLD systems, which have achieved more than 98% in overall recovery for applications based on water reuse methods. Such as boiler feed, air washers, toilet flushing, and others.
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Apex Ecotech Limited IPO | Key Details
- Apex Ecotech IPO Opening Date: November 27, 2024,
- Apex Ecotech IPO Closing Date: November 29, 2024,
- Allotment Date: December 2, 2024
- Price Band: ₹71 to ₹73 per share
- Lot Size: 1600 shares
- Refunds Initiated: December 3, 2024
- Shares Credited to Demat: December 3, 2024
- Listing Date: December 4, 2024
Apex Ecotech Ltd: Financial Overview
Apex Ecotech Ltd. has been performing well which is indicated by the 53% rise in its revenue between FY2023 and FY2024. During this period, the profit after tax jumped 88% while net worth, reserve, and surplus jumped over 100%. In addition, the firm has also successfully decreased its dependency on borrowings which decreased by around 27%.
All figures in ₹ Lakhs
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change (31 Mar’23 – 31 Mar’24) | Change (%) |
| Assets | 2,555.93 | 1,767.81 | 788.12 | 44.58 |
| Revenue | 5,346.49 | 3,492.06 | 1,854.43 | 53.10 |
| Profit After Tax | 663.04 | 352.1 | 310.94 | 88.31 |
| Net Worth | 1,473.56 | 722.52 | 751.04 | 103.95 |
| Reserves and Surplus | 1,376.70 | 631.16 | 745.54 | 118.12 |
| Total Borrowing | 42.13 | 58.24 | -16.11 | -27.66 |
FAQs | Apex Ecotech Ltd IPO
Apex Ecotech Ltd is engaged in the development, operations, and maintenance of water and wastewater treatment plants.
The tentative IPO listing date of Apex Ecotech has been fixed as Wednesday, December 4, 2024.
The bidding date for the Apex Ecotech IPO is November 27, 2024, and it will continue until November 29, 2024.
The minimum IPO lot size for Apex Ecotech is 1600 shares. For HNIs, it is 2 lots as the minimum investment requirement.
The IPO allotment is expected to be finalized on Monday, December 2, 2024.
The IPO face value is set at ₹10 per share.
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