Apex Ecotech IPO is a book-built issue with a total size of ₹25.54 crore. The offering consists entirely of a fresh issue of 34.99 lakh equity shares.
The subscription period for the Apex Ecotech IPO begins on November 27, 2024, and closes on November 29, 2024. The IPO allotment is expected to be finalized on Monday, December 2, 2024. The shares are scheduled to be listed on the NSE SME platform, with a tentative listing date of Wednesday, December 4, 2024.
Apex Ecotech operates in the water and wastewater management sector. They offer comprehensive solutions for industrial water treatment, effluent treatment, sewage treatment, and zero liquid discharge systems. Their services are designed to address complex water-related challenges with advanced, value-driven solutions.
The price band for the Apex Ecotech IPO is set at ₹71 to ₹73 per share. Retail investors must apply for a minimum lot size of 1,600 shares, requiring a minimum investment of ₹116,800 at the upper price band. High Net Worth Individuals (HNIs) need to apply for a minimum of 2 lots, or 3,200 shares, amounting to ₹233,600.
Share India Capital Services Private Limited is the book-running lead manager for this IPO, with Kfin Technologies Limited serving as the registrar. The market-making responsibility for this issue is handled by Share India Securities.
Apex Ecotech IPO Details:
| Company Name | Apex Ecotech Limited |
| Sector | Water and Wastewater Management |
| IPO Type | SME |
| IPO Open date | 27th Nov 2024 |
| IPO Close date | 29th Nov 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Apex Ecotech IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,16,800 |
| HNI (Min) | 2 | 3200 | 2,33,600 |
Apex Ecotech IPO Timeline:
| IPO Open Date | 27th Nov 2024 |
| IPO Close Date | 29th Nov 2024 |
| Basis of Allotment | 02nd Dec 2024 |
| Refund Initiation Date | 03rd Dec 2024 |
| Shares Credit to Demat | 03rd Dec 2024 |
| Listing Date | 04th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Apex Ecotech’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Water and Wastewater Management Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Apex Ecotech and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
