Apex Ecotech IPO
- IPO Date27 Nov, 2024 to 29 Nov, 2024
- Listing Date04 Dec, 2024
- Face Value₹10 per share
- Issue Price₹71 to ₹73 per share
- Lot Size1600 Shares
- Minimum Investment₹1,16,800
- Listing AtNSE SME
- Total Issue Size34,99,200 Shares
(aggregating up to ₹25.54 Cr) - Fresh Issue34,99,200 Shares
(aggregating up to ₹25.54 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue96,86,000
- Shareholding post issue1,31,85,200
IPO Dates
Closing Date
29 Nov, 2024
Initiation of Refunds
03 Nov, 2024
Listing Date
07 Nov, 2024
27 Nov, 2024
Opening Date
02 Nov, 2024
Basis of Allotment
03 Nov, 2024
Credit of Shares
Apex Ecotech Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1600 | ₹1,16,800 |
| S-HNI (Min) | 2 | 3200 | ₹2,33,600 |
| Retail (Min) | 1 | 1600 | ₹1,16,800 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
Apex Ecotech Promoter Holding
Mr. Anuj Dosajh, Mr. Ramakrishnan Balasundaram Aiyer,Mr. Ajay Raina, and Mr. Lalit Mohan Datta are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 94.32% | - |
Apex Ecotech COMPANY INFORMATION
Apex Ecotech IPO is a book built issue of Rs 25.54 crores. The issue is entirely a fresh issue of 34.99 lakh shares. Apex Ecotech IPO opens for subscription on November 27, 2024 and closes on November 29, 2024. The allotment for the Apex Ecotech IPO is expected to be finalized on Monday, December 2, 2024. Apex Ecotech IPO will list on NSE SME with tentative listing date fixed as Wednesday, December 4, 2024. Apex Ecotech IPO price band is set at ₹71 to ₹73 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹116,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹233,600. Share India Capital Services Private Limited is the book running lead manager of the Apex Ecotech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Apex Ecotech IPO is Share India Securities. Refer to Apex Ecotech IPO DRHP for detailed information.
Founded in 2009, Apex Ecotech Limited provides comprehensive water and wastewater treatment, recycling, and reuse solutions for a variety of applications.
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 team
- Experienced Promoters and Management Team
- Integrated expertise and solid partnerships
- Track record of successful projects
- Geographical presence
- Strong customer relationships
As of July 29, 2024, the company employed 118 full-time employees (including executive directors).
Apex Ecotech IPO
IPO Overview and Key Highlights
Apex Ecotech, a provider of solutions for water and wastewater management, is offering its Initial Public Offering (IPO) of up to 35,00,000 equity shares. This is a 100% fresh issue, with no Offer for Sale (OFS). The IPO aims to raise funds for working capital, business expansion, and general corporate purposes. Shares will be listed on the NSE EMERGE Platform.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: Up to 35,00,000 equity shares
- Face Value: Rs 10 per share
- Offer Opens: To be announced
- Offer Closes: To be announced
- Listing Exchange: NSE EMERGE.
Company Overview
Founded in 2009, Apex Ecotech specializes in providing comprehensive solutions for industrial water treatment, wastewater treatment, sewage treatment, and zero liquid discharge projects. The company offers end-to-end engineering, procurement, and construction (EPC) services, from designing and commissioning to maintenance. Based in Pune, Maharashtra, and with a corporate office in New Delhi, the company focuses on delivering sustainable and cost-effective solutions.
Financial Overview
Apex Ecotech has displayed consistent growth driven by increased demand for water and wastewater treatment solutions. IPO proceeds are expected to enhance working capital and support project expansion.
Key Strengths of Apex Ecotech
- Sector Expertise: Extensive experience in water treatment and environmental engineering.
- End-to-End Solutions: Comprehensive EPC services, including design, supply, installation, testing, and maintenance.
- Sustainable Focus: Emphasis on eco-friendly and cost-effective technologies.
IPO Pros and Cons
Pros
- Growing Demand: Rising urbanization and industrialization increase the need for water treatment solutions.
- Government Support: Favorable policies for clean water and waste management.
- IPO Proceeds Utilization: Funds will directly strengthen financial health and enable expansion.
Cons
- Project Dependencies: Heavy reliance on infrastructure and government projects may impact revenues.
- Regulatory Challenges: Any changes in environmental regulations could affect operations.
- First Public Issue: Uncertainty around stock performance post-listing.
Risk Factors
Potential investors should consider the following risks:
- Economic Sensitivity: Business is tied to industrial and infrastructure development.
- Execution Risks: Delays in project completion may lead to cost overruns.
- Market Competition: Intense competition in the water treatment sector.
Conclusion
The Apex Ecotech IPO provides a unique opportunity to invest in a growing company within the essential water treatment sector. With its focus on sustainability and comprehensive service offerings, Apex Ecotech is positioned for significant growth. However, investors should carefully evaluate risks, including market competition and project dependencies, before making an investment decision.
FAQs About Apex Ecotech Ipo
Apex Ecotech IPO will open on 27 Nov, 2024 and close on 29 Nov, 2024. Investors must apply within this period to participate.
The Apex Ecotech IPO price band is set between ₹71.00 and ₹73.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹116800.00.
The Apex Ecotech IPO shares are expected to be listed on 04 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Apex Ecotech IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Apex Ecotech IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.