IPO Issue Details
Issue Price / Price Band₹73 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size34,99,200 shares (aggregating up to ₹25.54 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 27 Nov 2024
Subscription CloseFri, 29 Nov 2024
Anchor AllotmentTue, 26 Nov 2024
Basis of AllotmentMon, 02 Dec 2024
Initiation of RefundsTue, 03 Dec 2024
Credit of Shares to DematTue, 03 Dec 2024
Listing DateWed, 04 Dec 2024
UPI Mandate Deadline2024-11-29
Application & Investment Details
Retail — Min (1 Lots)₹1,16,800 — 1,600 shares
Retail — Max (13 Lots)₹1,518,400 (13 Lots)
HNI — Min (2 Lots)₹2,33,600 — 3,200 shares
EPS (Pre-IPO)₹6.85
EPS (Post-IPO)₹2.36
P/E Ratio (Pre-IPO)10.66x
P/E Ratio (Post-IPO)31x
Net Offer to Public32,99,200 shares (aggregating up to ₹24.08 Cr)
Reserved for Market Maker2,00,000 shares (aggregating up to ₹1.46 Cr)
Pre-IPO Promoter Holding96,86,000 shares
Post-IPO Promoter Holding1,31,85,200 shares
About Apex Ecotech Ltd
Founded in 2009, Apex Ecotech Limited provides water and wastewater treatment, recycling, and reuse solutions.The company's services include setting up Raw Water Treatment Plants for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, providing Sludge Dewatering Equipment, recycling of pre-treated wastewater through membrane systems (Ultrafiltration, Nanofiltration, Reverse Osmosis, Disc Type RO, etc.) and Thermal / Vapor Compression- based Evaporators & Crystallizers for Zero Liquid Discharge systems. In addition, the company also offers its customers after-sales support as well as operation and maintenance services.Apex Ecotech's customers include 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 users.The company has successfully supplied complete ZLD systems achieving more than 98% overall recovery for water reuse applications such as process water applications, boiler feed, cooling tower make-up water, air washers, horticulture, toilet flushing, etc.Competitive strengths:In-house design, engineering, and execution teamExperienced Promoters and Management TeamIntegrated expertise and solid partnershipsTrack record of successful projectsGeographical presenceStrong customer relationshipsAs of July 29, 2024, the company employed 118 full-time employees (including executive directors).
Objects of the Issue
Apex Ecotech Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet Working Capital Requirements;
2
To meet Working Capital Requirements;
3
To meet Public Issue Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
96,86,000 shares
Post-IPO Promoter Holding
1,31,85,200 shares