Apex Ecotech IPO Review

Apex Ecotech Limited provides end-to-end water and wastewater management solutions, including Industrial Water Treatment, Effluent Treatment, Sewage Treatment, and Zero Liquid Discharge (ZLD). Apex Ecotech deliver sustainable, turnkey projects with services spanning design, installation, commissioning, and O&M, ensuring efficient and eco-friendly water management.

The Chairman, Managing Director and one of the Promoters, Mr. Anuj Dosajh has over 36 years of experience in the Water & Waste Water Industry. Mr. Ramakrishnan Balasundaram Aiyer & Mr. Ajay Raina, one of the Promoters and Executive Director, has over 20 years of experience in the Water & Waste Water Industry.

Financially, Revenue for the quarter ended Sep 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022 was  ₹ 2,182.60 Lakhs, ₹ 5,346.49 Lakhs, ₹ 3,492.06 Lakhs and ₹ 2,002.86 Lakhs  respectively. The EBITDA for the quarter ended Sep 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022 were ₹ 220.41 Lakhs, ₹ 926.48 Lakhs, ₹ 453.24 Lakhs and ₹ 8.54 Lakhs  respectively. The Profit after Tax for the quarter ended Sep 30, 2024 and Fiscal 2024, Fiscal 2023 and Fiscal 2022 were ₹ 155.26 Lakhs, ₹ 663.04 Lakhs, ₹ 352.10 Lakhs and ₹ -65.86 Lakhs respectively. This indicates steady growth in financial performance.

For the  ApexEcotech IPO, the company is issuing shares at a pre-issue EPS of ₹7.25 and a post-issue EPS of ₹5.03. The pre-issue P/E ratio is 10.07x, while the post-issue P/E ratio is 14.52x against Industry P/E ratio is 30x. The company's ROCE for FY24 is 59.61% and RoNW for FY24 is 60.38%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Apex Ecotech showing potential listing gains of 20%. Given the company's financial performance and the valuation of the IPO, we recommend only Risky Investors to Apply to the Apex Ecotech Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 
About the Author
 CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
You can connect with the Author on Telegram, YouTube and Website.