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Apex Ecotech IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Apex Ecotech Limited provides end-to-end water and wastewater management solutions, including Industrial Water Treatment, Effluent Treatment, Sewage Treatment, and Zero Liquid Discharge (ZLD). Apex Ecotech deliver sustainable, turnkey projects with services spanning design, installation, commissioning, and O&M, ensuring efficient and eco-friendly water management.
Apex Ecotech, an Book Built Issue amounting to ₹25.54 Crores,
consisting entirely an Fresh Issue of 34.99 Lakh Shares. The subscription
period for the Apex Ecotech IPO opens on November
27, 2024, and closes on November 29, 2024. The allotment is expected to be
finalized on or about Monday, December 2, 2024, and the
shares will be listed on the NSE SME with a tentative listing
date set on or about Wednesday, December 4, 2024.
The Share price of Apex Ecotech IPO
is set at ₹71 to ₹73 per equity share. The Market
Capitalisation of the Apex Ecotech Limited at IPO price of ₹73 per
equity share will be ₹96.25 Crores. The lot size of the IPO is 1600
shares. Retail investors are required to invest a minimum of
₹1,16,800, while the minimum investment for High-Net-Worth Individuals
(HNIs) is 2 lots (3,200 shares), amounting to ₹2,33,600.
Share India Capital Services Private Limited is the
book-running lead manager while KFinTechnologies Limited is the registrar for the Issue. Share India Securities is
Market Maker for the Apex Ecotech IPO.
Apex Ecotech Limited IPO GMP
Today
The Grey Market Premium of Apex Ecotech Limited IPO is
expected to be ₹15 (20%) based on the financial performance of the
company. No real trading is done on the basis of Grey Market Premium
that's why no real discovery of price can be done before the listing of shares
on the stock exchange. The Grey Market Premium totally depends upon the Demand
and Supply of the shares of the company in unorganized manner which is not
recommended. The Grey Market Premium is mentioned for educational and
informational purposes only.
Apex Ecotech Limited IPO Live Subscription
Status Today: Real-Time Updates
As of 05:00 PM on 29 November 2024, the Apex Ecotech IPO live subscription status shows that the IPO subscribed 420.73 times on its Final day of subscription period. Check the Apex Ecotech IPO Live Subscription Status today at NSE.
Apex Ecotech Limited IPO Anchor Investors Report
Apex Ecotech has raised ₹7.22 Crores from Anchor Investors
at a price of ₹73 per shares in consultation of the Book Running Lead
Managers. The company allocated 9,88,800 equity shares to
the Anchor Investors. CheckFullList of Apex Ecotech Anchor Investor List.
Note:- Equity Shares allotted to
Anchor Investors (if any) are allotted from Qualified Institutional Buyers
(QIBs) reservation portion.
Note:- The Number of shares offered shown IPO
subscription section table is calculated at the lower end of the price band and
Number of shares calculated in IPO details table section is calculated at upper
end of the price band in case of Book Building Issue, so there can be
difference. This is because we assume shares will be issued by the company at
upper band as Anchor Investors also subscribe at upper band and shares will be
issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown
separately in subscription table and included in NIIs reservation portion.
Apex Ecotech Limited IPO Allotment Date -
Step by Step Guide to Check Allotment Status Online
Apex Ecotech IPO allotment date is 2nd December,
2024, Monday. Apex Ecotech IPO Allotment will be out on 2nd December, 2024 and will be live on Registrar Website from the allotment
date. Check Apex Ecotech IPO Allotment Status here. Here's
how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Apex Ecotech Limited IPO from the
dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their
allotment status and proceed accordingly with their investments.
Objectives of Apex Ecotech Limited IPO
Apex Ecotech Issue Proceeds from the Fresh Issue will be utilized
towards the following objects :
1. ₹1,700 Lakhs is required for Working Capital
Requirements.
2. Remaining for General Corporate Purposes.
Refer to Apex EcotechLimited RHP for more details about the Company.
Check latest IPO information, latest IPO news, Upcoming IPO News, IPO Details, subscription status, IPO GMP and IPO Review of Upcoming IPO, Active IPO, and Listed IPOs at one place. Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
The Upcoming IPOs in this week and coming weeks are Agarwal Toughened, Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT, Rosmerta Digital, Avanse Financial and Nisus Finance.
The Current active IPO is Apex Ecotech, Abha Power and Steel, Rajputana Biodiesel, and Rajesh Power Services.
The Closed IPOs are C2C Advanced System, Enviro Infra Engineers, Lomosaic India, NTPC Green Energy.
The Recently Listed IPOs which is available for trading in stock Market are Waaree Energies Limited IPO, Diffusion Engineers Limited IPO, KRN Heat Exchanger Limited IPO, P N Gadgil Jewellers Limited IPO, Bajaj Housing Finance Limited IPO, Gala Precision Engineering Limited IPO, Premier Energies Limited IPO, Orient Technologies Limited IPO, Interarch Building Products Limited IPO, Unicommerce eSolutions Limited IPO and many more.
Apex Ecotech Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|
Apex Ecotech IPO Details
| Market Capitalization | |
| IPO Date | November 27, 2024 to November 29, 2024 |
| Listing Date | December 04, 2024 |
| Face Value | ₹10 |
| Price Band | ₹71 to ₹73 per share |
| Issue Price | ₹71 to ₹73 per share |
| Employee Discount | |
| Lot Size | 1600 Equity Shares |
| Total Issue Size | 34,99,200 Equity Shares (aggregating up to ₹25.54 Cr) |
| Fresh Issue | 34,99,200 Equity Shares (aggregating up to ₹25.54 Cr) |
| Offer for Sale | NIL |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Share holding pre issue | 96,86,000 |
| Share holding post issue | 1,31,85,200 |
| Rating |
Apex Ecotech IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Apex Ecotech IPO Timeline (Tentative Schedule)
| IPO Open Date | Wednesday, November 27, 2024 |
| IPO Close Date | Friday, November 29, 2024 |
| Basis of Allotment | Monday, December 2, 2024 |
| Initiation of Refunds | Tuesday, December 3, 2024 |
| Credit of Shares to Demat | Tuesday, December 3, 2024 |
| Listing Date | Wednesday, December 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 29, 2024 |
Apex Ecotech IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 1,649,600 | Not More than 50% of the Issue |
| Non-Institutional Investor Portion | 494,880 | Not Less than 15% of the Issue |
| Retail Shares Offered | 1,154,720 | Not Less than 35% of the Issue |
| Market Maker Portion | 200,000 | - |
| Anchor Investor | 988,800 | Allotted from QIB Portion |
Apex Ecotech IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.29% |
Apex Ecotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,16,800 |
| Retail (Max) | 1 | 1,600 | ₹1,16,800 |
| HNI (Min) | 2 | 3,200 | ₹2,33,600 |
Apex Ecotech IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 1,649,600 | 9,01,05,600 | 54.62x | 2024-11-27 08:13:37 |
| Non Institutional Investors(NIIS) | 694,880 | 58,52,91,200 | 842.29x | 2024-11-27 08:13:56 |
| Retail Individual Investors (RIIs) | 1,154,720 | 38,08,06,400 | 329.78x | 2024-11-27 08:15:15 |
| Total | 2,510,400 | 1,05,62,03,200 | 420.73x | 2024-11-27 08:15:58 |
About Apex Ecotech Limited
Business Overview
Apex Ecotech Limited (formerly Apex Ecotech Private Limited), is an Indian company specializing in providing end-to-end water and wastewater treatment solutions across various industries. The company was founded on 1 April 2009 and is based in Pune, Maharashtra. Apex Ecotech transitioned from a private to a public limited company following a shareholder resolution passed on 26 March 2024. The company was subsequently issued a fresh Certificate of Incorporation, reflecting its change in status, on 2 July 2024.
Apex Ecotech's primary business activities encompass the design, engineering, manufacturing, installation, and commissioning of a wide range of water and wastewater treatment plants. Their comprehensive product portfolio caters to diverse industries, including:
- Automobile and Auto Ancillaries
- Chemicals and Pesticides
- Food Processing and Beverages
- Metals and Mining
- Oil and Edibles
- Pharmaceuticals
- Power Plants
- Refineries
- Textiles
- Residential and Commercial Complexes
Key products and services provided by Apex Ecotech include:
- Sewage Treatment Plants
- Effluent Treatment Plants
- Water Treatment Plants
- Zero Liquid Discharge Systems
- Dewatering Systems
In addition to designing and implementing treatment systems, the company also supplies essential components, equipment, chemicals, and spares related to water, sewage, and effluent treatment.
Apex Ecotech predominantly targets the industrial sector, tailoring its water and wastewater treatment solutions to meet the specific needs and regulatory requirements of various industries.
Industry Recognition: The company received the Global Ecological Transformation Award in Shanghai, China, from Veolia Water Technologies in 2024. Veolia is a global leader in water treatment, so this award signals that Apex Ecotech's work is being recognized within the industry.
Key Milestones in Apex Ecotech's History:
- 1 April 2009: Incorporation as Apex Ecotech Private Limited in Pune, Maharashtra.
- 26 March 2024: Conversion into a public limited company following a shareholder resolution.
- 2 July 2024: Issuance of a fresh Certificate of Incorporation.
- November 2024: Preparing for its Initial Public Offering (IPO) on the Emerge Platform of the National Stock Exchange of India Limited (NSE).
Industry Analysis
The water and wastewater treatment industry is experiencing significant growth globally, driven by various factors including:
- Increasing demand for clean water
- Rising pollution levels
- Stringent environmental regulations
- Growing awareness of water scarcity
- Rapid industrial growth
- A heightened focus on public health
Market Size and Growth Trends:
- The global water and wastewater treatment market is projected to reach USD 536.4 billion by 2030, growing at a CAGR of 7.5% during the forecast period.
- In India, the market is estimated to reach USD 2.08 billion by 2025 (Note: this information is from the previous response and may require verification).
Competitive Landscape:
The water and wastewater treatment sector is highly competitive, with companies vying for projects based on various factors including:
- Project type and complexity
- Contract value and potential profit margins
- Project location and associated risks
- Revenue generation potential
Companies operating in this industry differentiate themselves through:
- Service quality and reliability
- Advanced technology and innovation
- Competitive pricing strategies
- Strong client relationships
Apex Ecotech's Strengths and Competitive Advantages
Apex Ecotech has established a strong foothold in the market by leveraging its core competencies and unique selling propositions (USPs):
- Customization Expertise: Apex Ecotech excels in tailoring its solutions to meet the unique needs of each client and project. This ability to provide customized solutions is crucial in a market where standardized approaches often fail to address specific industry requirements.
- Experienced Leadership and Management Team: The company benefits from the guidance of a seasoned management team with extensive industry knowledge and a successful track record in the water and wastewater treatment sector.
- Sustainable Business Model: Apex Ecotech is committed to promoting sustainability through its solutions, prioritizing resource recovery, and emphasizing efficient water usage. This focus on environmentally responsible practices resonates with clients who are increasingly conscious of their ecological footprint.
- Strong Client Relationships and a Portfolio of Marquee Clients: Apex Ecotech has forged enduring relationships with prominent clients in various sectors, demonstrating its capability to deliver high-quality solutions and build trust within the industry.
Growth Strategies and Future Plans
Apex Ecotech aims to capitalize on the growing water and wastewater treatment market through the following strategic initiatives:
- Maintaining a Strong Focus on the Industrial Sector: The company will continue to concentrate on providing specialized solutions for industrial clients, leveraging its expertise and deep understanding of the unique requirements of various industries.
- Expanding into New Markets and Industry Segments: Apex Ecotech plans to broaden its geographical reach and explore opportunities in new industry segments. This strategic expansion will diversify the company's revenue streams and mitigate risks associated with dependence on specific sectors or regions.
- Driving Innovation and Adopting Advanced Technologies: Apex Ecotech is committed to investing in research and development to create innovative solutions that meet evolving industry needs and incorporate cutting-edge technologies. This focus on innovation will ensure the company remains competitive and offers high-value solutions to its clients.
- Strengthening Strategic Partnerships: Apex Ecotech aims to collaborate with leading technology providers, industry consultants, equipment suppliers, and EPC contractors. These strategic partnerships will provide the company with access to specialized knowledge, resources, and expertise, supporting its innovation efforts and market expansion plans.
Risk Factors and Concerns
Potential investors should carefully consider the following challenges and risks associated with Apex Ecotech and its business model:
- Dependence on Key Industries: A significant portion of Apex Ecotech's revenue is generated from a limited number of industries, making it vulnerable to fluctuations in those specific sectors.
- Intense Competition: The water and wastewater treatment industry is highly competitive, with both domestic and international players vying for market share. Apex Ecotech must continually adapt and innovate to maintain its competitive edge.
- Market Volatility: Following the IPO, the company's share price may experience volatility influenced by market sentiment, industry trends, and broader economic conditions.
- Ongoing Litigation: Apex Ecotech is currently involved in material litigations, the outcomes of which could lead to financial liabilities, reputational damage, or operational disruptions.
- Share Allotment at a Lower Price: Apex Ecotech has allotted Equity Shares during the preceding year at a price potentially lower than the IPO price, which could raise concerns for investors.
As of Nov 17, 2024, the total number of employees of the company stand at 119. The Bankers of the Apex Ecotech Limited is Bank of India Limited.
Apex Ecotech Limited Financial Information ()
Amount in (₹ in Lakhs)
| Period Ended | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Reserve of Surplus | 660.22 | 1,376.70 | 631.16 | 279.07 |
| Total Assets | 3,268.00 | 2,555.93 | 1,767.81 | 978.73 |
| Total Borrowings | 121.13 | 42.13 | 58.23 | 110.10 |
| Fixed Assets | 125.73 | 128.14 | 137.65 | 158.59 |
| Cash | 18.55 | 191.24 | 215.37 | 14.49 |
| Cash flow from operating activities | ||||
| Cash flows from investing activities | ||||
| Cash flow from financing activities | ||||
| Net Borrowing | 102.58 | -149.11 | -157.14 | 95.61 |
| Revenue | 2,182.60 | 5,346.49 | 3,492.06 | 2,002.86 |
| EBITDA | 220.41 | 926.48 | 453.24 | 8.54 |
| PAT | 155.26 | 663.04 | 352.10 | -65.86 |
| PAT Margin | ||||
| EPS | 1.6 | 7.25 | 3.85 | -0.72 |
Note 1:- RoE calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue, given in Financial Express.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | ₹7.25 |
| EPS Post IPO (Rs.) | ₹5.03 |
| Adjusted 12M EPS Post IPO (Rs.) | |
| P/E Pre IPO | 10.07x |
| P/E Post IPO | 14.52x |
| Adjusted 12M P/E Post IPO | |
| ROE | 60.38% |
| ROCE | 59.61% |
| P/BV | 4.53 |
| Debt/Equity | 0.07 |
| RoNW | 60.38% |
| EBITDA Margin | |
| PAT Margin |
Apex Ecotech Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Apex Ecotech | 5.03 | 14.52 | 60.38% | 59.61% | 4.53 | 0.07 | 60.38% |
| Va Tech Wabag Ltd | ₹42 | 40x | 13.80% | 19.80% | 5.35 | 0.22 | 13.50% |
| Ion Exchange (India) Ltd | ₹14.70 | 42.60x | 21.10% | 27.50% | 8.37 | 0.20 | 19.23% |
Apex Ecotech Limited Contact Details
APEX ECOTECH LIMITED
Registered Office: Office No. 202, Garden Plaza, Five Gardens Road, Sunshine Villas, Rahatani, Pimpri Waghire, Pune, - 411017, Maharashtra.
Corporate Office: Plot No. 3, First Floor. 2 West End Marg, Kehar Singh Estate, Behind Saket Metro Station, New Delhi, Delhi, India- 110030.
Contact Person : Ms. Kirti Jain
Company Secretary &
Compliance Officer
Telephone : +91 9999654360
Email ID : info@apexecotech.com
Website : https://www.apexecotech.com/
Apex Ecotech IPO Registrar and Lead Manager(s)
Registrar : KFinTechnologies Limited
Telephone : +91 40 6716 2222
Contact Person : Mr. M. Murali Krishna
Email ID : apex.ipo@kfintech.com
Website : https://www.kfintech.com/
Lead Manager : Share India Capital Services Private Limited
Telephone : +91 120-4910000
Contact Person : Mr. Kunal Bansal
Email ID : kunal.bansal@shareindia.co.in
Website : https://www.shareindia.com/
Apex Ecotech IPO Review
Apex Ecotech Limited provides end-to-end water and wastewater management solutions, including Industrial Water Treatment, Effluent Treatment, Sewage Treatment, and Zero Liquid Discharge (ZLD). Apex Ecotech deliver sustainable, turnkey projects with services spanning design, installation, commissioning, and O&M, ensuring efficient and eco-friendly water management.
The Chairman, Managing Director and one of the Promoters, Mr. Anuj Dosajh has over 36 years of experience in the
Water & Waste Water Industry. Mr. Ramakrishnan Balasundaram Aiyer & Mr. Ajay Raina, one of the
Promoters and Executive Director, has over 20 years of experience in the Water & Waste Water Industry.
Financially, Revenue for the quarter ended Sep 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022 was ₹ 2,182.60 Lakhs, ₹ 5,346.49 Lakhs, ₹ 3,492.06 Lakhs and ₹ 2,002.86 Lakhs respectively. The EBITDA for the quarter ended Sep 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022 were ₹ 220.41 Lakhs, ₹ 926.48 Lakhs, ₹ 453.24 Lakhs and ₹ 8.54 Lakhs respectively. The Profit after Tax for the quarter ended Sep 30, 2024 and Fiscal 2024, Fiscal 2023 and Fiscal 2022 were ₹ 155.26 Lakhs, ₹ 663.04 Lakhs, ₹ 352.10 Lakhs and ₹ -65.86 Lakhs respectively. This indicates steady growth in financial performance.
For the ApexEcotech IPO, the company is issuing shares at a pre-issue EPS
of ₹7.25 and a post-issue EPS of ₹5.03. The pre-issue P/E ratio is 10.07x,
while the post-issue P/E ratio is 14.52x against Industry P/E ratio is 30x. The
company's ROCE for FY24 is 59.61% and RoNW for FY24 is 60.38%.
These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Apex Ecotech showing
potential listing gains of 20%. Given the company's financial
performance and the valuation of the IPO, we recommend only Risky Investors to Apply to the Apex Ecotech Limited IPO for
Listing gain.
Disclaimer: The information provided in this IPO review
is for educational and informational purposes only and should not be construed
as financial advice or an offer to buy or sell securities. The review must not
be used as a singular basis of any investment decision. The views herein are of
a general nature and do not consider the risk appetite or the particular
circumstances of an individual investor; readers are requested to take
professional advice before investing. Nothing in this document should be
construed as investment advice. The content is based on publicly available
information and market perceptions as of the date of publication and is subject
to change. Neither the author nor the website is responsible for any losses or
damages arising from the use of this information.
About the Author
CA Abhay Kumar (Also
known as CA Abhay Varn) is a qualified Chartered Accountant by profession and
cleared CA at age 21. He is a SEBI Registered Research Analyst with
Registration Number - INH300008465. He Possesses 8+ years of experience in the
Stock Market Field and has also worked in Big CA firms during the training
period. He is good at Technical analysis and Fundamental Analysis and uses both
Technical and Fundamental analysis along with five other important factors that
affect the movement of the Market namely Global Market Analysis, Upcoming Event
Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions
and Sentiment of Traders and Investors in his Framework called - Technical
Fundamental GUIDE to find the winning Trades.
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