Apex Ecotech IPO

Apex Ecotech IPO opens for subscription on November 27, 2024 and closes on November 29, 2024. The allotment for the Apex Ecotech IPO is expected to be finalized on Monday, December 2, 2024. Apex Ecotech IPO will list on NSE SME with tentative listing date fixed as Wednesday, December 4, 2024.

Apex Ecotech IPO price band is set at ₹71 to ₹73 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹116,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹233,600.

Apex Ecotech IPO is a book built issue of Rs 25.54 crores. The issue is entirely a fresh issue of 34.99 lakh shares.

Apex Ecotech IPO Details

Apex Ecotech IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Apex Ecotech IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To meet Working Capital Requirements;
2. General corporate purposes; and
3. To meet Public Issue Expenses.

About Apex Ecotech

Founded in 2009, Apex Ecotech Limited provides comprehensive water and wastewater treatment, recycling, and reuse solutions for a variety of applications.

The company’s services include setting up Raw Water Treatment Plants for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, providing Sludge Dewatering Equipment, recycling of pre-treated wastewater through membrane systems (Ultrafiltration, Nanofiltration, Reverse Osmosis, Disc Type RO, etc.) and Thermal / Vapor Compression- based Evaporators & Crystallizers for Zero Liquid Discharge systems. In addition, the company also offers its customers after-sales support as well as operation and maintenance services.

Apex Ecotech’s customers include Aditya Birla Group, Ashok Leyland, Apotex Research, Bharatiyam, Escorts Kubota, Haldiram, Hero Motocorp, Honda Cars, Honda Scooters & Motorcycle, HUL, Jubilant, Kohler, Lenskart, Mahindra & Mahindra, PepsiCo, Piramal Pharma, Reckitt Benckiser, Shimizu Corporation, SMCC, Takenaka and many more esteemed users.

The company has successfully supplied complete ZLD systems achieving more than 98% overall recovery for water reuse applications such as process water applications, boiler feed, cooling tower make-up water, air washers, horticulture, toilet flushing, etc.

Competitive strengths:

• In-house design, engineering, and execution team
• Experienced Promoters and Management Team
• Integrated expertise and solid partnerships
• Track record of successful projects
• Geographical presence
• Strong customer relationships

As of July 29, 2024, the company employed 118 full-time employees (including executive directors).

Apex Ecotech Financial Information

Apex Ecotech IPO Reservation

Apex Ecotech IPO Timeline (Tentative Schedule)

Apex Ecotech IPO opens on November 27, 2024, and closes on November 29, 2024.