Apex Ecotech Limited, a water and wastewater treatment solutions provider, made a stellar debut on the NSE Emerge platform, with its shares listing at ₹138.70 per share, a 90% premium over the issue price of ₹73.

Listing Performance

The company's share performance on listing day exceeded grey market expectations. Ahead of the listing, the shares commanded a grey market premium (GMP) of ₹45, suggesting gains of approximately 62%, but the actual listing delivered an impressive 90% premium.

Key Figures

• Issue Price: ₹73 per share
• Listing Price: ₹138.70 per share
• Premium: 90%

Subscription Details

The IPO garnered overwhelming interest, being subscribed an extraordinary 421 times, driven by strong demand across investor categories:

1. Non-Institutional Investors (NII): Subscribed 1,182.7 times their reserved quota.
2. Retail Investors: Subscribed 329.8 times their allotted portion.
3. Qualified Institutional Buyers (QIB): Subscribed 136.4 times their reserved allocation.

This exceptional subscription reflects strong investor confidence in Apex Ecotech’s business model and growth potential.

IPO Details

The IPO, with a total size of ₹25.54 crore, was priced in a range of ₹71-73 per share. The funds will be utilized for:

1. Working Capital Requirements: Supporting the company's expanding operations.
2. General Corporate Purposes: Meeting strategic and operational needs.
3. Public Issue Expenses: Covering IPO-related costs.

Industry and Business Context

Apex Ecotech operates in the water and wastewater treatment solutions sector, an industry gaining importance due to increasing environmental awareness and regulatory pressures. With its innovative offerings and strategic approach, the company is well-positioned to capitalize on the growing demand for sustainable water management solutions.

Conclusion

The 90% premium listing of Apex Ecotech Limited on the NSE SME platform underscores its strong business fundamentals, market confidence, and robust investor demand. The remarkable subscription levels and GMP performance indicate the company's promising growth trajectory in a niche and essential industry.

Proceeds from the IPO will enable Apex Ecotech to strengthen its working capital, enhance operational efficiencies, and further establish itself as a leader in the water treatment solutions market.

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