Apex Ecotech IPO subscription started on Monday, November 27, and will close on November 29 as per the schedule. The price band is set at ₹71 to ₹73 per share with a face value of ₹10.
Apex Ecotech IPO Subscription Status
Apex Ecotech IPO Subscribed over 14.74x on its second day till 05.00 PM on 28th November.
- Apex Ecotech IPO subscription QIB investors portion is 0.02x times, while NII subscribed 12.09x times and RII investors subscribed 24.28x times.
- The company has received bids for 3,40,62,400 shares against 23,10,400 shares on offer on the second day.
- Apex Ecotech IPO Subscribed over 14.74x on day 2.
- Apex Ecotech IPO Subscribed over 1.95x on day 1.
About Apex Ecotech IPO
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 IPO Company Financial Report
The company reported revenue of ₹53.46 crores 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.
Apex Ecotech IPO GMP:
Apex Ecotech IPO GMP was ₹35 as of Thursday, November 28th. That indicates the IPO is trading at ₹108 with ₹35 premium in the grey market against the issue price of ₹73.
