Apex Ecotech Lists Strongly at ₹138.70, 90% Above IPO Price of ₹73, Hits Upper Circuit Instantly!Apex Ecotech Lists Strongly at ₹138.70, 90% Above IPO Price of ₹73, Hits Upper Circuit Instantly!

Apex Ecotech made a remarkable debut on the NSE SME, listing at ₹138.70, a 90% premium over its IPO price of ₹73. Within minutes, the stock hit the upper circuit, reflecting strong investor enthusiasm for the wastewater treatment and recycling solutions provider.

Apex Ecotech IPO witnessed an overwhelming response on Day 3, with a total subscription of 457.07 times. The Qualified Institutional Buyers (QIB) category subscribed 136.69 times, Non-Institutional Investors (NII) at 1,179.62 times, and the Retail category recorded a strong 329.65 times subscription.

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Apex Ecotech Limited, ISO 9001:2015 certified, specializes in water and wastewater treatment, recycling, and zero liquid discharge systems. With an expert in-house team, they deliver sustainable, energy-efficient turnkey solutions, optimizing recovery, minimizing waste, and ensuring client satisfaction across diverse industrial applications aligned with global standards.

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Apex Ecotech Ltd aims to utilize ₹17 crores for FY 2024-25 working capital needs and funds for corporate purposes, including marketing, brand-building, strategic initiatives, and strengthening operations to enhance market presence.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.