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apex ecotech IPO gmp

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Apex Ecotech listing Review

Will give detailed review on listing of this IPO

Apex Ecotech IPO allotment Link

What was the last grey market premium of Apex Ecotech IPO?

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Subscription status of Apex Ecotech IPO

Apex Ecotech IPO (Day 1)

Price Rs. 73 Lot 1600 shares, Rs.24.08 Crore

QIB NII x RII x Total x Applications
         
Amount wise bids recd. Rs. ? Crore
Note: 

What is the business of Apex Ecotech?

Founded in 2009, Apex Ecotech Limited specializes in providing integrated water and wastewater treatment, recycling, and reuse solutions for a wide range of applications.

The company offers a variety of services, including the installation of Raw Water Treatment Plants for industrial processes, Effluent & Sewage Treatment Plants to comply with pollution regulations, and Sludge Dewatering Equipment. Apex Ecotech also focuses on the recycling of pre-treated wastewater using advanced membrane systems such as Ultrafiltration, Nanofiltration, Reverse Osmosis, and Disc-Type RO. Additionally, the company provides Thermal/Vapor Compression-based Evaporators and Crystallizers for Zero Liquid Discharge (ZLD) systems. Apex Ecotech further supports its clients with after-sales services and operation and maintenance solutions.

The company serves a diverse clientele, including renowned brands such as 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 companies.

Apex Ecotech has successfully implemented complete Zero Liquid Discharge (ZLD) systems, achieving over 98% recovery rates for water reuse applications such as process water, boiler feed, cooling tower make-up, air washers, horticulture, and toilet flushing.

Get more information about the company @ http://www.apexecotech.com/

Apex Ecotech IPO Details

IPO opens on  27 November 2024
IPO closes on  29 November 2024
Issue Type Book Built Issue IPO
Issue Size 3499200 Shares /
Rs 24.70 Crore
* Fresh Issue 19,00,000 Shares /
Rs 25.54 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 200000 Shares
Net offer to Public 3299200 Shares/
Rs.24.08 Crore
Face Value per share Rs. 10
Price Band Rs. 71-73
Employee discount  Rs. 0 per share
Retail Lot Size  1600 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 1649600 12.04
NII  (15%) 494880 3.61
RII  (35%) 1154720 8.43
Total Shares  3299200 24.08
Retail portion will be
oversubscribed by 
722
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1600 Shares Rs.116800
Min HNI Application  3200 Shares Rs.233600

Who are the Promoters of Apex Ecotech?

Mr. Anuj Dosajh, Mr. Ramakrishnan Balasundaram Aiyer,Mr. Ajay Raina, and Mr. Lalit Mohan Datta are the company’s promoters

What are the Objects of Apex Ecotech IPO?

The Offer comprises of fresh issue of shares

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To meet Working Capital Requirements;
  2. General corporate purposes; and
  3. To meet Public Issue Expenses.

Tentative timetable

IPO opens on 27 November 2024
IPO Closes on 29 November 2024
IPO Allotment on  2 December 2024
Refund Initiation  3 December 2024
Credit of Shares 3 December 2024
Listing on 4 December 2024
Registered Office of the Company
Apex Ecotech Limited
Office No. 202, Garden Plaza,
Five Gardens Road, Sunshine Villas,
Rahatani, Pimpri Waghire, Pune -411017

Who is the Lead Manager of this IPO?
Share India Capital Services pvt ltd

Who is the Registrar to IPO?
Kfin Technologies Limited

Apex Ecotech IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Apex Ecotech IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22 20.03 -0.65  
2022-23 34.92 3.52  
2023-24  53.46 6.63 6.85 10.02
Book Value of the
Share on 31.03.2024
Rs      
BV of the Share at
cap price after IPO
Rs.    
Offer Price/upper band Rs. 73    

IPO
Key Performance indicators

Price/EPS of 23-24 10.66
Price/BV Ratio 4.34
Debt Equity Ratio 0.07


How Apex Ecotech IPO
compares with the Peers?

As on date of RHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Crore  
Apex Ecotech 10 53.46 10.66
Ion Exchange     48.13
Vatech Wabag     45.39
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Apex Ecotech IPO Review

Founded in 2009, Apex Ecotech Limited specializes in providing integrated water and wastewater treatment, recycling, and reuse solutions for a wide range of applications.

The company offers a variety of services, including the installation of Raw Water Treatment Plants for industrial processes, Effluent & Sewage Treatment Plants to comply with pollution regulations, and Sludge Dewatering Equipment. Apex Ecotech also focuses on the recycling of pre-treated wastewater using advanced membrane systems such as Ultrafiltration, Nanofiltration, Reverse Osmosis, and Disc-Type RO.

IPO Details and Market Outlook

The IPO size stands at an impressive Rs. 25.54 crore, offering 3499200 shares. This is a relatively not so small and not so large offering, especially when compared to recent IPO trends. With 722 applications, the retail portion of the offering is expected to be subscribed once. As compared to the net loss of Rs. 65 on total income of Rs. 20.03 crore, during 2021-22, the company has earned net profit of Rs. 6.63 crore on total income of Rs. 53.46 crore. The shares are offered at PE multiple of 10.66 which is quite attractive as compared to the peer group companies.

+ from fundamental angle: May Apply
+ from grey market angle: ?

Quicklinks

Apex Ecotech IPO GMP today allotment, review?

Apex Ecotech IPO GMP grey market premium

Apex Ecotech IPO FAQs

What is Apex Ecotech IPO
?

This is a SME IPO of 3499200 equity shares of the face value of Rs. 10 aggregating up to Rs.25.54 Crores. The issue is priced at Rs.71-73 per share. The minimum order quantity is 1600 Shares.

When will Apex Ecotech IPO subscription open?

Apex Ecotech IPO opens on November 27, 2024, and closes on November 29, 2024.

What is the lot size of Apex Ecotech IPO?

Apex Ecotech IPO lot size is 1600 Shares, and the minimum amount required is Rs.116800

How to apply for Apex Ecotech IPO?

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.

When is Apex Ecotech IPO allotment?

The finalization of Basis of Allotment for Apex Ecotech IPO will be done on December 2, 2024, and the allotted shares will be credited to your demat account by 3 December, 2024.

When is Apex Ecotech IPO listing date?

Apex Ecotech IPO listing date is December 4, 2024.

Disclaimer: Information provided on this post is based on the DRHP/RHP of the IPO-company only. We havenot independantly verified about the actual business of the company and qualifications of the promoters. and also about peer group companies. The past performance is also based on the financial information provided in the DRHP/RHP and we have not checked its genuineness.

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