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Apex Ecotech IPO
Apex Ecotech Ltd
₹1,13,600 /1600 sharesMinimum Investment
Apex Ecotech IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹73.00 | ₹138.70 | ₹65.70 (90.00%) |
Apex Ecotech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 Nov ‘24 - 29 Nov ‘24 | ₹1,13,600 | 1,600 | ₹71 - ₹73 |
| Issue Size | IPO Doc |
|---|---|
| 25.54Cr | RHP PDF |
Subscription rate
As of 29 Nov'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 414.00x |
About Apex Ecotech
Founded in
2009
Managing director
Mr. Anuj Dosajh
Parent organisation
Apex Ecotech Ltd
Strengths & Financials of Apex Ecotech
Strengths
Risks
Apex Ecotech claims to implement advanced membrane systems, including ultra-filtration, nano-filtration, reverse osmosis (RO), and disc-type RO, to recycle pretreated wastewater.
Apex Ecotech also states that the company employs thermal and vapour compression-based evaporators and crystallisers to achieve zero-liquid discharge (ZLD) systems.
The company holds an ISO 9001:2015 certificate for quality management systems.
The company’s clientele includes notable names such as 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 and Takenaka, among others.
The company claims to have successfully implemented complete ZLD systems that achieve over 98% recovery rates for water reuse in various applications, including process water, boiler feed, cooling tower makeup water, air washers, horticulture, and toilet flushing.
Apex Ecotech has a significant presence in regions, including Punjab, Maharashtra, Andhra Pradesh, Rajasthan, West Bengal, Gujarat, Himachal Pradesh, Odisha, Karnataka, Uttar Pradesh, Uttarakhand, Dadra & Nagar Haveli, Daman & Diu, Jammu & Kashmir, Jharkhand, and Delhi in India, as well as international locations like Nigeria, Pakistan, Bangladesh, Ghana, Vietnam, and Egypt.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 19.51 crore in FY22 to Rs 34.57 crore in FY23 to Rs 53.08 crore in FY24.
The company, its promoters, and its directors are involved in certain legal proceedings. Any adverse judgment in any of these cases can be detrimental to the company’s business prospects.
The company's revenue is dependent on a few customers. The top 10 customers contributed Rs 42.33 crore (79.76%), Rs 33.72 crore (97.53%), and Rs 17.62 crore (92.22%) to the total revenue in FY24, FY23, and FY22, respectively. Any loss of any of these customers or reduction in business from any of them can adversely affect the company’s operations and finances.
Apex Ecotech relies on its in-house design, engineering, and construction teams for project execution. Any loss of key talent can affect the implementation and execution of these projects and can negatively impact the company’s performance.
The company depends on third parties for civil construction works of installing its wastewater treatment plants. Any issues affecting the performance of these third parties can negatively impact project outcomes.
Failure to adequately perform operations and maintenance tasks or service deficiencies in the projects installed could result in penalties or contract terminations, potentially harming the company’s reputation and financial outcomes.
The company incurred a loss of Rs 0.66 crore in FY22. Any repeat of such losses in future will not be good for the company.
Apex Ecotech Financials
*All values are in Rs. Cr
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Application Details of Apex Ecotech IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹71 - 73 | ₹2 - 5 Lakh |
| High Networth Individual | ₹71 - 73 | ₹2 - 5 Lakh |
For Apex Ecotech IPO, eligible investors can apply as Regular.