Apex Ecotech Limited is a prominent player in water and wastewater management, delivering solutions like Industrial Water Treatment, Effluent Treatment, Sewage Treatment, and Zero Liquid Discharge (ZLD). Known for its turnkey projects, the company handles design, installation, commissioning, and O&M services, ensuring cost-efficient and eco-friendly results.

Leadership and Expertise:

• Chairman and MD: Mr. Anuj Dosajh, with 36+ years of industry experience.
• Executive Directors: Mr. Ramakrishnan Balasundaram Aiyer and Mr. Ajay Raina, each with over 20 years of expertise.

IPO Details

• Issue Type: Book-built
• Issue Size: ₹25.54 Crores (Fresh Issue of 34.99 lakh shares)
• Price Band: ₹71 - ₹73 per share
• Market Capitalization: ₹96.25 Crores (at upper band)
• Lot Size: 1,600 shares
  • Retail Investment: Minimum ₹1,16,800
  • HNI Investment: Minimum ₹2,33,600 (2 lots)

Key Dates:

• Subscription Period: November 27 - 29, 2024
• Allotment Date: December 2, 2024
• Listing Date: December 4, 2024 (NSE SME platform)

Management:

• Book Running Lead Manager: Share India Capital Services Pvt. Ltd.
• Registrar: KFin Technologies Ltd.
• Market Maker: Share India Securities

Financial Performance

• Revenue:
  • FY22: ₹2,002.86 Lakhs
  • FY23: ₹3,492.06 Lakhs
  • FY24 (Q2): ₹2,182.60 Lakhs
• EBITDA:
  • FY22: ₹8.54 Lakhs
  • FY23: ₹453.24 Lakhs
  • FY24 (Q2): ₹220.41 Lakhs
• PAT:
  • FY22: ₹-65.86 Lakhs
  • FY23: ₹352.10 Lakhs
  • FY24 (Q2): ₹155.26 Lakhs

Valuation Metrics:

• Pre-Issue EPS: ₹7.25
• Post-Issue EPS: ₹5.03
• P/E Ratios:
  • Pre-Issue: 10.07x
  • Post-Issue: 14.52x
  • Industry P/E: ~30x

Grey Market Premium (GMP)

• Current GMP: ₹15 (20% premium)
  While the GMP reflects optimism, it is driven by demand and supply in the unregulated market and may not directly predict listing performance.

IPO Objectives

Proceeds from the fresh issue will fund:

1. Working Capital: ₹1,700 Lakhs
2. General Corporate Purposes

Subscription Updates

• Day 1 (as of 2:40 PM, Nov 27, 2024): IPO subscribed 0.82x.
  • Retail: Active participation
  • HNIs/QIBs: Moderate engagement

Anchor Investors

Apex Ecotech raised ₹7.22 Crores from anchor investors at ₹73 per share, allocating 9,88,800 shares.

Review and Recommendation

Apex Ecotech's consistent financial growth, high ROCE (59.61%), and ROE (60.38%) highlight strong fundamentals. However, with a P/E ratio below industry standards, the IPO appears attractively priced.

Recommendation:

• For Listing Gains: Suitable for risk-tolerant investors given GMP and growth potential.

How to Check IPO Allotment

1. Visit the registrar’s website.
2. Select "Apex Ecotech Limited IPO" from the dropdown.
3. Enter Application No./PAN/DP Client ID.
4. View your allotment status.

Invest wisely, considering both growth potential and associated risks.

The Upcoming IPOs in this week and coming weeks are  Agarwal Toughened, Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT, Rosmerta Digital, Avanse Financial and Nisus Finance.

The Current active IPO is Apex Ecotech, Abha Power and Steel, Rajputana Biodiesel, and Rajesh Power Services.

or more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.