Apex Ecotech IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
The Apex Ecotech IPO is scheduled to open on November 27, 2024, and close on November 29, 2024. This is a Book Built Issue IPO, aiming to raise approximately ₹25.54 crores. The issue comprises a fresh issue worth ₹25.54 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the IPO is set at ₹71 to ₹73 per share. The allocation is divided into 35% for retail investors, 50% for QIBs, and 15% for NIIs. The shares will be listed on the NSE SME platform on December 4, 2024, with allotments finalized by December 2, 2024.
The company reported a revenue of ₹53.46 crores in FY2024, compared to ₹34.92 crores in FY2023, with profits rising to ₹6.63 crores from ₹3.52 crores over the same period. Based on its financials, the IPO is seen as a promising long-term investment opportunity.
Apex Ecotech IPO Details
- IPO Open Date: November 27, 2024
- IPO Close Date: November 29, 2024
- Face Value: ₹10 per equity share
- IPO Price Band: ₹71 to ₹73 per share
- Issue Size: ₹25.54 crores (Fresh Issue)
- Issue Type: Book Built Issue
- Listing Platform: NSE SME
- Retail Quota: 35%
- QIB Quota: 50%
- NII Quota: 15%
Market Lot Details
The minimum market lot is 1600 shares, amounting to ₹116,800.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹116,800 |
| Retail Maximum | 1 | 1600 | ₹116,800 |
| S-HNI Minimum | 2 | 3200 | ₹233,600 |
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | November 27, 2024 |
| IPO Close Date | November 29, 2024 |
| Allotment Finalization | December 2, 2024 |
| Refund Initiation | December 3, 2024 |
| Shares Credited | December 3, 2024 |
| Listing Date | December 4, 2024 |
Promoters
The company’s promoters are:
- Mr. Anuj Dosajh
- Mr. Ramakrishnan Balasundaram Aiyer
- Mr. Ajay Raina
- Mr. Lalit Mohan Datta
Financial Overview
Apex Ecotech has demonstrated strong growth in recent years:
| Period Ended | Revenue | Expenses | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹20.03 Cr | ₹20.55 Cr | ₹0.66 Cr | ₹9.79 Cr |
| 2023 | ₹34.92 Cr | ₹30.76 Cr | ₹3.52 Cr | ₹17.68 Cr |
| 2024 | ₹53.46 Cr | ₹44.49 Cr | ₹6.63 Cr | ₹25.56 Cr |
Valuation Metrics (FY2024):
- ROE: 60.38%
- ROCE: 59.61%
- EBITDA Margin: 16.73%
- PAT Margin: 12.49%
- Debt-to-Equity Ratio: 0.03
- EPS (Basic): ₹7.25
- Net Asset Value (NAV): ₹16.11
Objects of the Issue
- To meet working capital requirements.
- For general corporate purposes.
- To cover public issue expenses.
Comparison with Industry Peers
| Company | EPS | PE Ratio | ROE (%) | NAV | Revenue |
|---|---|---|---|---|---|
| ION Exchange Limited | 13.32 | 53.89 | 21.06% | 69.53 | ₹2,347.85 Cr |
| VA Tech Wabag Limited | 36.87 | 34.10 | 14.45% | 293.28 | ₹2,856.40 Cr |
Registrar & Merchant Banker
Registrar: KFin Technologies Limited
- Phone: 040-67162222
- Email: apex.ipo@kfintech.com
Lead Manager: Share India Capital Services Private Limited
FAQs
What is Apex Ecotech IPO?
It is an SME IPO with a price band of ₹71-₹73 per equity share, aiming to raise ₹25.54 crores.
How can I apply?
You can apply via ASBA through your bank account or UPI-enabled brokers.
What is the listing date?
The shares will be listed on NSE SME on December 4, 2024.
For more details, visit Apex Ecotech
