Apex Ecotech Limited is coming up with an IPO with a fresh issue of 35,00,000 shares worth INR 25.54 crores. The company aims to meet working capital requirements and general corporate purposes.
Apex Ecotech IPO – Important Dates
| Apex Ecotech Limited IPO Date | November 27, 2024 to November 29, 2024 |
| Apex Ecotech Limited IPO Listing Date | December 4, 2024 |
| Apex Ecotech Limited IPO Price | INR 71-73 per share |
| Apex Ecotech Limited IPO Lot Size | 1600 Shares |
| Apex Ecotech Limited IPO Total Issue Size | INR 25.54 crores |
| Apex Ecotech Limited IPO Basis of Allotment | December 2, 2024 |
| Apex Ecotech Limited IPO Initiation of Refunds | December 3, 2024 |
| Apex Ecotech Limited IPO Credit of Shares to Demat | December 3, 2024 |
| Apex Ecotech Limited IPO Issue Type | Book Built Issue IPO |
| Apex Ecotech Limited IPO Listing At | NSE SME |
Apex Ecotech Limited IPO – Company Profile
Apex Ecotech Limited, an ISO 9001:2015 certified company, specializes in turnkey water and wastewater treatment solutions, including recycling, zero liquid discharge systems, and O&M services, catering to diverse industrial applications with expert engineering support.
They aim to deliver sustainable, energy-efficient solutions aligned with global standards, ensuring optimized recovery, minimized waste, and treated water reuse for various applications while consistently meeting customer expectations and enhancing system reliability and uptime.
With a skilled in-house team for design, engineering, project management, and support functions, they excel in providing self-reliant, customized solutions for water treatment, recycling, and reuse, ensuring optimal performance and comprehensive client satisfaction.
Apex Ecotech Ltd IPO Fundamental Analysis
Apex Ecotech Limited’s financial analysis reveals a mixed performance. Revenue has grown steadily with improved profitability, higher EPS, and RoNW, while increased assets and inventory turnover indicate growth despite higher debt-equity and liquidity challenges.
- Revenue Trend: The revenue increased from ₹1,951.18 lakhs in March 2022 to ₹3,457.38 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 5,308.09 lakhs.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹(65.86) lakhs in March 2022 to ₹663.04 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹(7.21) in March 2022 to ₹72.47 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from (16.33)% to 60.38%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover Ratio, which might suggest faster sales or efficient inventory management.
Check out the other upcoming IPOs this month:
| Upcoming IPO | IPO Going Live |
| Rosmerta Digital Services Limited IPO | N/A |
| Avanse Financial Services Limited IPO | N/A |
| Nisus Finance Services Co Limited IPO | N/A |
| Rajesh Power Services Limited IPO | Nov 25, 2024 |
| Rajputana Biodiesel Limited IPO | Nov 26, 2024 |
| Abha Power and Steel Limited IPO | Nov 27, 2024 |
| Agarwal Toughened Glass India Limited IPO | Nov 28, 2024 |
| Ganesh Infraworld Limited IPO | Nov 29, 2024 |
Apex Ecotech IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 1,951.18 | 3,457.38 | 5,308.09 |
| Equity (₹ in lakhs) | 370.43 | 722.52 | 1,473.56 |
| Expenses (₹ in lakhs) | 2,054.88 | 3,076.02 | 4,448.69 |
| Profit and Loss After Tax (₹ in lakhs) | (65.86) | 352.10 | 663.04 |
| Diluted EPS only (₹) | (7.21) | 38.54 | 72.47 |
| Return on Net Worth (%) | (16.33) | 64.43 | 60.38 |
| NAV per Equity Share (₹) | 4.05 | 7.91 | 16.11 |
| Total Assets (in lakhs) | 978.73 | 1,767.81 | 2,555.93 |
| Total Liabilities (in lakhs) | 608.3 | 1,045.29 | 1,082.37 |
| Debt Equity Ratio | 0.30 | 0.08 | 0.03 |
| Current Ratio (in times) | 1.64 | 1.66 | 2.36 |
| Inventory Turnover Ratio | 5.65 | 8.57 | 14.04 |
Apex Ecotech Limited IPO Peer Comparison
Apex Ecotech Limited showcases competitive performance in standalone operations, emphasizing growth potential. Comparatively, ION Exchange and VA Tech Wabag excel in consolidated metrics, reflecting robust market positions, higher earnings, and efficiency in the water treatment sector.
| Company | Type of financial | Revenue from operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | RoNW (%) | NAV per EquityShare (₹) |
| Apex Ecotech Limited | Standalone | 3,457.38 | 10 | – | 3.85 | 64 | 7.91 |
| ION Exchange Limited | Consolidated | 2,34,785.00 | 10 | 53.89 | 13.32 | 21.06 | 69.53 |
| VA Tech Wabag Limited | Consolidated | 2,85,640.00 | 2 | 34.10 | 36.87 | 14.45 | 293.28 |
Apex Ecotech Ltd IPO Objective
The main objective of Apex Ecotech Limited is to meet working capital requirements.
- To meet Working Capital Requirements: The company intends to utilize ₹17 crores from issue proceeds for FY 2024-25 working capital needs, supplementing growth in water treatment services, with the balance met through internal accruals as required.
- General corporate purposes: The company will deploy funds for general corporate purposes, including strategic initiatives, enhancing marketing capabilities, meeting difficulties, and brand-building efforts to strengthen its operations and overall market presence further.
Apex Ecotech IPO Risks And Challenges
Apex Ecotech Limited’s risk includes pending legal proceedings, dependence on key customers, and working capital challenges. Adverse rulings, customer loss, delayed payments, and financing risks could impact business stability, liquidity, and future growth prospects.
- The company, promoters, and directors face pending civil, criminal, and tax proceedings with disclosed liabilities. Unfavorable rulings or additional legal actions could impact financial statements, liabilities, and operations, posing potential risks to business stability.
- Their revenue heavily depends on a few key customers, and the loss of any significant customer due to adverse developments could negatively impact their business, financial condition, operations, and future growth prospects.
- The company’s working capital needs, reliant on assumptions, are crucial for project execution. Changes in payment terms, client delays, and financing risks could affect liquidity, increasing receivables and costs and impacting financial stability and operations.
Apex Ecotech Ltd IPO – Industry & Market Potential
The global water and wastewater treatment market was valued at $301.7 billion in 2022 and is expected to grow to approximately $536.4 billion by 2030, with a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
The global industrial wastewater treatment market, valued at over $106.6 billion in 2021, is expected to reach $193.7 billion by 2031, growing at a 5% CAGR. Strict regulations, R&D, and new technologies drive market growth.
The Indian water and wastewater treatment market is projected to grow from $1.31 billion in 2020 to $2.08 billion by 2025, registering a CAGR of 9.7%. India is ranked as the sixth-largest global market for environmental technologies.
Apex Ecotech Limited IPO – Type of Offer
Apex Ecotech Limited is coming up with an IPO with a fresh issue of 35,00,000 shares worth INR 25.54 crores. The company aims to meet working capital requirements and general corporate purposes.
Apex Ecotech IPO Offer Size
The offer size of Apex Ecotech Limited is INR 25.54 crores, consisting of a fresh issue of 35,00,000 shares. The company aims to meet working capital requirements and general corporate purposes.
Apex Ecotech Limited IPO Allotment Structure
Apex Ecotech Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 200,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 200,000 shares, are reserved for market makers.
How to apply for Apex Ecotech IPO?
To apply for the Apex Ecotech Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Apex Ecotech Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Apex Ecotech Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Apex Ecotech IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Apex Ecotech Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Apex Ecotech Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Apex Ecotech Limited IPO:
● Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Apex Ecotech Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Apex Ecotech Ltd IPO Offer Registrar
The registrar for the Apex Ecotech Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFIN TECHNOLOGIES LIMITED
Selenium Tower-B, Plot No- 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Rangareddi,
Telengana, Hyderabad – 500032, India
Tel No.: +91 40 6716 2222/ 1800 309 4001
Email: [email protected]
Website: www.kfintech.com
Apex Ecotech IPO – FAQs
1. What is the allotment date of the Apex Ecotech IPO?
The allotment date of the Apex Ecotech is December 2, 2024.
2. What is the price band of the Apex Ecotech IPO?
The price band if the issue is INR 71-73 per share.
3. What is the size of the Apex Ecotech IPO?
The offer size of Apex Ecotech Limited is INR 25.54 crores, consisting of a fresh issue of 35,00,000 shares. The company aims to meet working capital requirements and general corporate purposes.
4. What is the listing date of the Apex Ecotech IPO?
The listing date of Apex Ecotech is December 4, 2024.
5. Where is the Apex Ecotech IPO Getting Listed?
Apex Ecotech is getting listed on the National Stock Exchange (NSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the Apex Ecotech Limited IPO?
The open and close dates of Apex Ecotech Limited are November 27, 2024, and November 29, 2024, respectively.
7. How to apply for Apex Ecotech Ltd IPO in Alice Blue?
To apply for the Apex Ecotech Limited IPO via Alice Blue, open a Demat and Trading account, check IPO details, place your bid within the price band, submit your application, and later check the allotment status. Allotment depends on demand.
8. Who is the Book Runner for the Apex Ecotech IPO?
The Book Runner for the Apex Ecotech is SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED.
