Apex Ecotech Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Apex Ecotech

CMP

131.45

-6.90 (-4.99%)

  • DRHP
₹73

Offer Price

₹ 25.54 Cr

Issue Size

₹ 1,16,800

Min Investment

1,600

Lot size

Time Line

  • 27
    Nov 2024
    Open
  • 29
    Nov 2024
    Close
  • 02
    Dec 2024
    Finalisation of Basis of Allotment
  • 03
    Dec 2024
    Initiation of Refunds
  • 03
    Dec 2024
    Transfer of Shares to Demat Account
  • 04
    Dec 2024
    Listing Date

Objects of the Offer

  • Developing and Maintaining Cost-Optimal Water and Wastewater Management Systems.

  • Strengthening its Core Abilities through Recruitment, Retention, and Training of Skilled Personnel.

  • Expansion of its geographical footprint.

  • Leveraging its market skills and relationship.

Products & Services

  • Apex Ecotech Limited led by a team of engineering professionals, offers comprehensive solutions for water & wastewater management.

Strengths

  • Customization Expertise.

  • Experienced Promoter and management team with strong industry expertise and successful track record.

  • Sustainable business model.

  • Marquee clientele.

Risks

  • The Company has allotted Equity Shares during the preceding one year from the date of the Draft Red Herring Prospectus which may be lower than the Issue Price.

  • The company has certain outstanding litigation involving the company, promoters, directors. Any adverse outcome of which may adversely affect its business, reputation and results of operations.

  • Its dependence on key industries, such as Food Processing & Beverages, Oil & Edibles, and Metals & Mining, for an insignificant portion of its sales may pose a risk to the company`s business.

  • Its revenue from operations is largely dependent on a few key customers who contribute a substantial portion of its total revenue. The loss of any of its major customers due to any adverse development may adversely affect its business, financial condition, results of operations and future prospects.

  • The company requires sizeable amounts of working capital for its continued operation and growth. its inability to meet the company working capital requirements could have a material adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
25.03%
Pre Holding

94.32%

Post Holding

69.29%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 19.51 (-) 34.57 (77.20%) 53.08 (53.50%)
Gross Profit 0.52 (-) 4.44 (753.90%) 9.21 (107.40%)
Net Income 0.02 (-) 3.52 (17,500.00%) 6.63 (88.40%)
Assets 5.49 (-) 8.13 (48.10%) 15.56 (91.40%)
Liabilities 1.11 (-) 0.91 (-18.00%) 0.82 (-9.90%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Apex Ecotech Ltd 53.08 6.63 15.56 0.82 64.00 0.00 152.13 2.43 0.03
Ion Exchange (India) Ltd 2,347.85 196.02 2,449.37 2,449.37 19.25 165.34 71.67 8.00 0.14
Va Tech Wabag Ltd 2,856.40 245.60 4,574.50 4,574.50 13.50 39.49 294.19 5.36 0.15

Book Running Managers

  • Share India Capital Services Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

#.202 Garden Plaza 5 Garden Rd,
Sunshine Villas Pimpri Waghire,
Pune - 411017
Phone : +91 91759 03484 Email : info@apexecotech.com www.apexecotech.com

Offer Related Information

Initial public issue of up to 34,99,200 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Apex Ecotech Limited (the "Company" or the "Issuer") for cash at a price of Rs. 73 per equity share including a share premium of Rs. 63 per equity share (the "Issue Price") aggregating up to Rs. 25.54 crores ("The Issue") of which up to 2,00,000 equity shares aggregating to Rs. 1.46 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation... More

Apex Ecotech FAQ's

The shares of Apex Ecotech were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Apex Ecotech IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Apex Ecotech public issue was 125 shares.

The price band of the IPO of Apex Ecotech was Rs. 114 to Rs. 120 per equity share.

Apex Ecotech IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Apex Ecotech IPO.

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