Apex Ecotech IPO subscribed overall 457.07 times on the last day, whilea retail quota was subscribed 329.65 times and QIB was 136.69 and NII 1,179.62 respectively.
Details About Apex Ecotech’s IPO
Apex Ecotech got approval from SEBI for an IPO of ₹25.54 crores to raise funds and maintain financial stability. This IPO was a fresh issue of ₹25.54 crores. The face value of each share was Rs 10. Moreover, the company has set up a ₹71 to ₹73 per share. In this IPO total of 1,600 shares were available in 1 lot size for the minimum Retail category and maximum as well. While S-HNI (Min) total of 3200 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹116,800.
- Small HNI (S-HNI): Minimum investment of ₹233,600.
Subscription duration of Apex Ecotech
This IPO started on November 27, 2024, and closed on November 29, 2024. The investor’s allotment date was December 2, 2024, and they received a refund on December 3, 2024
Funds Deployment of This IPO
- To meet Working Capital Requirements;
- General corporate purposes; and
- To meet Public Issue Expenses.
About Apex Ecotech Company
Apex Ecotech Limited founded in 2009, is renowned for providing wide solutions in water and wastewater treatment, as well as recycling and reuse, catering to a wide range of applications. They handle end-to-end projects like 1. Raw water treatment. 2. Effluent and Sewage treatment 3. Sludge Dewatering Equipment for Efficient Waste Management. 4. Advanced Membrane Systems like Ultrafiltration, Nano Filtration, Reverse Osmosis, and Disc-Type RO for recycling wastewater. 5. Zero Liquid Discharge Systems. With advanced technologies, their goal is to deliver sustainable, reliable, and energy-efficient solutions. They focus on maximizing system effectiveness, minimizing waste, and enabling treated water reuse for applications like industrial processes, cooling towers, make-up water, air washers, boilers, and horticulture. Apex Ecotech Limited achieved incredible growth between the financial years ending March 31, 2023, and March 31, 2024, with revenue rising by 53.1% and profit after tax (PAT) soaring by an impressive 88.31%.
Apex Ecotech’s Financial Background
The company reported revenue of ₹53.46 crore in 2024 against ₹34.92 crore in 2023. The company reported Profit of ₹6.63 crores in 2024 against Profit of ₹3.52 crores in 2023.
