Apex Ecotech Limited, a company that focuses on eco-friendly products, is all set to launch its IPO on the SME platform of the National Stock Exchange (NSE). The IPO will be open for subscription from November 27, 2024 to November 29, 2024. The company is offering 3,499,200 equity shares with a face value of ₹10 each, all of which are fresh issue shares. The total net issue size is approximately ₹25.54 crore. The price band for the shares is ₹71 to ₹73 per share.
Apex Ecotech Limited, formerly known as Apex Ecotech Private Limited, was established in 2009 and has become a leading provider of advanced water and wastewater treatment solutions. The company specializes in sustainable, energy-efficient, and eco-friendly systems designed to meet the diverse needs of industries and establishments.
With a focus on innovative design and cutting-edge technology, Apex Ecotech ensures clients achieve both operational efficiency and environmental sustainability. Over the years, the company has gained recognition for its expertise in water resource management and its commitment to replenishing and protecting the planet’s water resources.
Apex Ecotech IPO Highlights
| Section | Parameter | Details |
|---|---|---|
| Key Dates | IPO Start Date | November 27, 2024 |
| IPO End Date | November 29, 2024 | |
| Price Details | IPO Price Band | ₹71 to ₹73 per share |
| Face Value | ₹10 per share | |
| Offer Breakdown | Total Issue Size | 3,499,200 shares (₹25.54 Cr) |
| Fresh Issue Size | 3,499,200 shares (₹25.54 Cr) | |
| Offer For Sale (OFS) | Not Applicable | |
| Market Maker Allocation | 200,000 shares (Share India Securities) | |
| Investor Insights | Minimum Lot Size | 1600 shares |
| Pre-Issue Shareholding | 9,686,000 shares | |
| Post-Issue Shareholding | 13,185,200 shares | |
| Listing Details | Exchange Platform | NSE SME |
| IPO Type | Book Built Issue IPO |
What is GMP of Apex Ecotech IPO Today?
As of December 02, 2024, the Grey Market Premium (GMP) for the Apex Ecotech IPO is ₹39. This indicates that the shares are expected to list at approximately ₹112 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | November 27, 2024 (Wednesday) |
| IPO Closing Date | November 29, 2024 (Friday) |
| Basis of Allotment | December 2, 2024 (Monday) |
| Initiation of Refunds | December 3, 2024 (Tuesday) |
| Credit of Shares in Demat Account | December 3, 2024 (Tuesday) |
| Listing Date | December 4, 2024 (Wednesday) |
Company's Financial Key Standings
| Period | FY 2024 (Amount in ₹ Lakhs) | FY 2023 (Amount in ₹ Lakhs) | FY 2022 (Amount in ₹ Lakhs) |
|---|---|---|---|
| Total Assets | 2,555.93 | 1,767.81 | 978.73 |
| Total Revenue | 5,346.49 | 3,492.06 | 2,002.86 |
| Total Expense | 4,448.69 | 3,076.02 | 2,054.88 |
| Profit After Tax | 663.04 | 352.10 | -65.86 |
| Company’s Net Worth | 1,473.56 | 722.52 | 370.43 |
| Total Reserves & Surplus | 1,376.70 | 631.16 | 279.07 |
The company’s total assets increased from ₹978.73 lakhs in FY 2022 to ₹2,555.93 lakhs in FY 2024, showing steady growth in assets.
Revenue grew significantly from ₹2,002.86 lakhs in FY 2022 to ₹5,346.49 lakhs in FY 2024, showing the company’s ability to expand its business and take advantage of new opportunities.
After a loss of ₹65.86 lakhs in FY 2022, the company’s Profit After Tax increased to ₹663.04 lakhs in FY 2024, showing better earnings due to higher revenue and good cost control.
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 59.61% |
| Return on Equity (ROE) | 60.38% |
| EBITDA Margin (%) | 16.73% |
| After Tax Profit Margin (%) | 12.49% |
| Debt to Equity Ratio | 0.03 |
| Return on Net Worth (RONW) | 60.38% |
| Net Asset Value (NAV) | ₹16.11 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 1600 | 1,16,800 |
| Retail Investor (Maximum Lot) | 1 | 1600 | 1,16,800 |
| HNI Investor (Minimum Lot) | 2 | 3200 | 2,33,600 |
Retail investors are eligible to submit bids for a minimum of one lot, containing 1600 shares, amounting to ₹1,16,800. On the other hand, HNI can apply for a minimum of 2 lots comprising of 3200 shares amounting to ₹2,33,600.
Reserve Quota For Different Category of Investors
| Investor Category | Reservation (% of Total Issue) |
|---|---|
| Shares Reserved for QIB | Not more than 50% |
| Shares Reserved for Retail Investors | Not less than 35% |
| Shares Reserved for Non-Institutional Investors | Not less than 15% |
Net Cash Flow Overview
| Particulars | March 31, 2024 (Value in ₹ Lakhs) | March 31, 2023 (Value in ₹ Lakhs) | March 31, 2022 (Value in ₹ Lakhs) |
|---|---|---|---|
| Net Cash Flow from Operating Activities | 594.04 | 348.83 | 45.20 |
| Net Cash Flow from Investing Activities | 69.68 | -89.30 | 277.94 |
| Net Cash Flow from Financing Activities | 66.14 | -58.66 | -326.56 |
| Net Increase/(Decrease) in Cash | 729.85 | 200.88 | -3.41 |
Geographical Revenue Breakdown
| State | FY 2023-24 (₹ in Lakhs) | FY 2022-23 (₹ in Lakhs) | FY 2021-22 (₹ in Lakhs) |
|---|---|---|---|
| Punjab | 1,165.32 | 121.82 | - |
| Andhra Pradesh | 922.29 | 150.80 | - |
| Maharashtra | 897.84 | 267.09 | 172.50 |
| Gujarat | 669.66 | 17.97 | 805.71 |
| Jammu & Kashmir | 483.00 | - | - |
| Outside India | 407.71 | 487.70 | - |
| West Bengal | 292.66 | - | - |
| Rajasthan | 197.26 | 1,202.31 | 42.51 |
| Himachal Pradesh | 95.11 | 49.40 | 1.45 |
| Haryana | 87.90 | 81.80 | 346.98 |
| Uttarakhand | 62.58 | 0.18 | 86.84 |
| Karnataka | 28.85 | - | - |
| Uttar Pradesh | 0.12 | 229.48 | 397.00 |
| Dadra & Nagar Haveli and Daman & Diu | - | 848.85 | - |
| Jharkhand | - | - | 48.00 |
| Odisha | - | - | 50.19 |
| Total Revenue | 5,308.09 | 3,457.38 | 1,951.18 |
Revenue from Domestic vs. Export Sales
| Particulars | FY 2023-24 (₹ in Lakhs) | FY 2022-23 (₹ in Lakhs) | FY 2021-22 (₹ in Lakhs) |
|---|---|---|---|
| Revenue from Domestic Sale | 4,900.38 | 2,975.44 | 1,951.18 |
| Revenue from Export Sale | 407.71 | 481.94 | - |
| Total Revenue | 5,308.09 | 3,457.38 | 1,951.18 |
Revenue Breakdown: Product vs. Service Sales
| Revenue Source | FY 2023-24 (₹ in Lakhs) | FY 2022-23 (₹ in Lakhs) | FY 2021-22 (₹ in Lakhs) |
|---|---|---|---|
| Sale of Products | 5,118.32 | 3,336.58 | 1,471.38 |
| Supply of Services | 189.77 | 120.80 | 479.81 |
| Total Revenue | 5,308.09 | 3,457.38 | 1,951.18 |
Industry-Specific Revenue Breakdown
| Industry | FY 2023-24 (₹ in Lakhs) | FY 2022-23 (₹ in Lakhs) | FY 2021-22 (₹ in Lakhs) |
|---|---|---|---|
| Automobile & Auto Ancillary | 397.36 | 715.69 | 1,073.68 |
| Chemicals & Pesticides | 67.33 | 5.60 | 170.00 |
| Food Processing & Beverages | 1,705.27 | 632.68 | 282.29 |
| Metals & Mining | 1,254.09 | 853.08 | 163.83 |
| Milk & Dairy Products | 200.91 | 49.40 | 1.45 |
| Oil & Edibles | 922.29 | - | - |
| Optical & Healthcare | 44.06 | 705.67 | 121.08 |
| Pharmaceuticals & Aromatics | 481.00 | 487.70 | 88.63 |
| Sanitary & Fittings | 154.75 | - | - |
| Others | 83.24 | 7.56 | 50.23 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Apex Ecotech Limited | 7.25 | * | 10 |
| ION Exchange Limited | 13.32 | 53.89 | 10 |
| VA Tech Wabag Limited | 36.87 | 34.10 | 2 |
Key Objectives of this IPO
- Funds will be used for daily business operations.
- Part of the money will cover IPO expenses.
- Some proceeds will support general corporate needs.
Positive and Negatives of Apex Ecotech IPO
Positives:
- Apex Ecotech has a solid market presence and growing demand for its products.
- The company has shown steady financial growth over the years.
- Strong revenue growth demonstrates its ability to handle large projects.
- It has a well-established track record in the industry.
- Effective cost management has led to increasing profitability.
- The company has strong potential for future expansion and long-term growth.
Negatives:
Lead Managers to the Issue
Share India Capital Services Private Limited
Email: kunal.bansal@shareindia.co.in
Tel No.: +91-120-4910000
Website: www.shareindia.com
Registrar to the Issue
KFin Technologies Limited
Address: Selenium Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddi, Telangana, Hyderabad – 500032, India
Email: apex.ipo@kfintech.com
Tel No.: +91 40 6716 2222 / 1800 309 4001
Website: www.kfintech.com
Company Contact Details
Registered Office:
Office No. 202, Garden Plaza, Five Gardens Road, Sunshine Villas, Rahatani, Pimpri Waghire, Pune -411017, Maharashtra, India
Email: info@apexecotech.com
Telephone: +91-9175903484
Website: www.apexecotech.com
Our Verdict
Apex Ecotech Limited has shown solid financial growth over the past three years, proving its strong business operations and increasing demand for its products. The growing revenue shows the company’s ability to expand and grab market opportunities, while the rise in Profit After Tax (PAT) indicates good cost management and strong future potential.
That said, investors should be aware of risks like market changes and challenges specific to the industry before deciding to invest.
Overall, Apex Ecotech Limited looks like a good option for long-term investment. Make sure to read the Red Herring Prospectus (RHP) to get a better idea of the company’s financial health and future plans before making your decision.
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IPO - Commonly Asked Questions
- What is the opening and closing date for the Apex Ecotech Limited IPO?
The IPO opens on 27 November, 2024 (Wednesday) and closes on 29 November, 2024 (Friday). - What is the price band for the Apex Ecotech Limited IPO?
The price band for the Apex Ecotech Limited IPO is set between ₹71 and ₹73 per share. - What is the minimum lot size for retail investors in the Apex Ecotech Limited IPO?
Retail investors need to bid for a minimum of 1600 shares, which amounts to an investment of ₹116,800. - Who are the lead managers for this IPO?
The lead managers for this IPO are Share India Capital Services Private Limited. - Who is the registrar for the Apex Ecotech Limited IPO?
The registrar is KFin Technologies Limited. - What are the main objectives of the IPO?
The funds will primarily be used for working capital requirements, general corporate purposes, and IPO-related expenses. - On which stock exchanges will the shares be listed?
The shares will be listed on the NSE SME Exchange. - What is the total issue size for the Apex Ecotech Limited IPO?
The total issue size is 3,499,200 equity shares worth ₹25.54 Cr. - When will the allotment and refund process begin?
The allotment is scheduled for 2 December, 2024 (Monday), and refunds will begin on 3 December, 2024 (Tuesday). - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on 3 December, 2024 (Tuesday). - What is the expected listing date for the IPO?
The shares are expected to list on the stock exchange on 4 December, 2024 (Wednesday).
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Apex Ecotech IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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