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Apex Ecotech listing Review
On 4th December 2024, the scrip is listed at Rs. 138.70, at premium cap of 90%. The listing price is above the expectation of the grey market.
Apex Ecotech IPO allotment Link
Rs. 45
Subscription status of Apex Ecotech IPO
Apex Ecotech Limited IPO Price Rs. 73 Lot 1600 shares, Rs. 25.54 Crore |
||||
QIB | NII x | RII x | Total x | Applications |
136.69 | 1179.62 | 329.65 | 457.07 | 2,61,139 (361.69x) |
Amount wise bids recd. Rs. ? Crore | ||||
Note: |
What is the business of Apex Ecotech?
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:
- To meet Working Capital Requirements;
- General corporate purposes; and
- 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? |
Apex Ecotech IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Apex Ecotech IPO Financial & Analytical Ratios |
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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
|
|
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.