Apollo Techno Industries IPO
Apollo Techno Industries Ltd. is launching a Book-Built SME IPO of Rs. 47.96 crore, entirely a fresh issue of 36,89,000 equity shares.
The IPO opens on December 23, 2025 and closes on December 26, 2025.
The allotment is expected on December 29, 2025, and the tentative listing on December 31, 2025, on BSE SME.
The price band is Rs. 123 to Rs. 130 per share.
The lot size is 1,000 shares.
As the minimum retail application requires 2 lots (2,000 shares), minimum retail investment is Rs. 2,60,000 at upper price.
Lead Manager: Beeline Capital Advisors Pvt. Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
🕗 Last Update: 18 December 2025, 6.00 AM
👉 GMP | Reviews | Subscription | Allotment
👉 Chanakya Grey Market Intelligence – 8 PM Edition | News Crux |
👉 Power Calls | Breakout Stocks | Coffee Can Portfolio |
IPO Details
| Particulars | Details |
|---|---|
| IPO Dates | Dec 23, 2025 – Dec 26, 2025 |
| Listing | BSE SME |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 123 to Rs. 130 |
| Lot Size | 1,000 shares |
| Issue Size | 36,89,000 shares (Rs. 47.96 Cr) |
| Fresh Issue | Entirely Fresh |
| Market Maker Portion | 1,85,000 shares (Rs. 2.41 Cr) |
| Net Offer to Public | 35,04,000 shares (Rs. 45.55 Cr) |
| Pre-Issue Shares | 1,00,00,000 |
| Post-Issue Shares | 1,36,89,000 |
| Market Cap (Pre-IPO) | Rs. 177.96 Cr |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open | Tue, Dec 23, 2025 |
| IPO Close | Fri, Dec 26, 2025 |
| Allotment | Mon, Dec 29, 2025 |
| Refunds | Tue, Dec 30, 2025 |
| Shares in Demat | Tue, Dec 30, 2025 |
| Listing Date | Wed, Dec 31, 2025 |
| UPI Cut-off | 5 PM, Dec 26, 2025 |
Reservation Structure
| Investor Category | Shares |
|---|---|
| Market Maker | 1,85,000 (5.01%) |
| QIB | 17,50,000 (47.44%) |
| NII (HNI) | 5,26,000 (14.26%) |
| Retail | 12,28,000 (33.29%) |
| Total | 36,89,000 (100%) |
IPO Lot Size
| Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min–Max) | 2 | 2,000 | 2,60,000 |
| S-HNI (Min) | 3 | 3,000 | 3,90,000 |
| S-HNI (Max) | 7 | 7,000 | 9,10,000 |
| B-HNI (Min) | 8 | 8,000 | 10,40,000 |
Company Financials (Rs. in Crore)
| Period | 30-Jun-25 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Assets | 75.06 | 76.25 | 67.03 | 65.09 |
| Total Income | 24.67 | 99.66 | 69.28 | 72.57 |
| PAT | 1.08 | 13.79 | 3.23 | 0.90 |
| EBITDA | 2.07 | 18.15 | 7.65 | 2.97 |
| Net Worth | 26.38 | 25.32 | 11.57 | 8.21 |
| Reserves & Surplus | 16.38 | 15.32 | 9.07 | 5.71 |
| Borrowings | 30.57 | 31.75 | 43.29 | 43.97 |
Growth Snapshot
Revenue increased by 44% and PAT rose by 327% in FY25 compared to FY24.
Key Performance Indicators (As of FY25)
| KPI | Value |
|---|---|
| ROE | 74.75% |
| ROCE | 30.98% |
| RoNW | 54.45% |
| PAT Margin | 13.84% |
| EBITDA Margin | 18.31% |
| Debt / Equity | 3.74 |
| P/BV | 11.27 |
| EPS (Pre / Post) | Rs. 13.79 / Rs. 3.16 |
| P/E (Pre / Post) | 9.43x / 41.16x |
About the Company
Incorporated in 2016, Apollo Techno Industries Ltd. operates in the manufacturing and technology segments and specialises in trenchless technology and foundation equipment for the construction industry. The company offers products such as Horizontal Directional Drilling (HDD) rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs and related spare parts.
With in-house design and engineering capabilities, the company provides quality products, refurbishment services and sustainable solutions. The design team comprises five members and supports the company’s domestic as well as international expansion plans. Apollo Techno focuses on understanding customer requirements, building long-term relationships and expanding market presence. Gujarat contributes the highest share in domestic sales at 34.52%, followed by Maharashtra and Haryana.
As of June 30, 2025, the company had 154 employees.
Competitive Strengths
Focus on quality and customer service
Customer-centric approach supporting market presence
Experienced promoters and management team
In-house engineering and design capabilities
Strong presence across key regions
Promoters
Mr. Parth Rashmikant Patel, Mr. Rashmikant Haribhai Patel, Mrs. Manjulaben Rashmikant Patel, Parth Patel (HUF), and Rashmikant Haribhai Patel HUF
Company Contact
Apollo Techno Industries Ltd.
Lead Manager :
Beeline Capital Advisors Pvt. Ltd.
Registrar
MUFG Intime India Pvt. Ltd.
📞 +91-22-4918 6270
✉️ apollotechno.smeipo@in.mpms.mufg.com
🌐 https://in.mpms.mufg.com
Chanakya IPO Review
Apollo Techno Industries has reported strong profitability improvement with FY25 PAT up sharply, supported by product range in trenchless and foundation equipment and growing customer footprint across key states. However, higher leverage and a steep post-issue valuation (P/E ~41x on post EPS) remain key monitorables for risk-conscious investors.
Chanakya View: Suitable only for investors with higher risk appetite. Listing outcome will depend on subscription response, anchor participation and overall SME sentiment.
Quicklinks
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
