IPO Details
Bidding Dates
27 Nov 24 - 29 Nov 24
Price Range ₹
71 - 73
Total Equity
₹ 18.33Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
27 Nov 2024
Offer end
29 Nov 2024
Allotment
02 Dec 2024
Refund initiation
03 Dec 2024
Demat transfer
03 Dec 2024
Listing
04 Dec 2024
Offer start
27 Nov 2024
Offer end
29 Nov 2024
Allotment
02 Dec 2024
Refund initiation
03 Dec 2024
Demat transfer
03 Dec 2024
Listing
04 Dec 2024
About Company
Established in 2009, Apex Ecotech Limited specializes in providing comprehensive solutions for water and wastewater treatment, recycling, and reuse. The company's offerings include the design and installation of Raw Water Treatment Plants for industrial processes, Effluent and Sewage Treatment Plants to ensure compliance with pollution control norms, and Sludge Dewatering Equipment. It also provides advanced recycling solutions using membrane systems such as Ultrafiltration, Nanofiltration, Reverse Osmosis (RO), and Disc Type RO, as well as Thermal and Vapor Compression-based Evaporators and Crystallizers for achieving Zero Liquid Discharge (ZLD) systems. Additionally, Apex Ecotech offers after-sales support and operation and maintenance services to its customers. The company's prestigious clientele includes the Aditya Birla Group, Ashok Leyland, Apotex Research, Bharatiyam, Escorts Kubota, Haldiram, Hero MotoCorp, Honda Cars, Honda Scooters & Motorcycles, Hindustan Unilever (HUL), Jubilant, Kohler, Lenskart, Mahindra & Mahindra, PepsiCo, Piramal Pharma, Reckitt Benckiser, Shimizu Corporation, SMCC, and Takenaka, among others. Apex Ecotech has successfully delivered complete ZLD systems with over 98% overall recovery, enabling water reuse for applications such as process water, boiler feed, cooling tower makeup, air washers, horticulture, and toilet flushing.
Year Founded
01-04-2009
Promotor Details
Anuj Dosajh
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.32 | 69.29 |
| Share Capital | 9136000 | 9136000 |
Offer to Public
25,10,400.00 Cr
Project Details
- To Meet Working Capital Requirements - 170cr
- General corporate purposes - 61.603cr
Objectives
- To meet Working Capital RequirementsGeneral corporate purposesTo meet Public Issue Expenses
Highlights
- Utilization of cutting-edge membrane systems (Ultrafiltration, Nanofiltration, Reverse Osmosis, Disc-type RO) and thermal/vapor compression-based evaporators ensures effective wastewater recycling and Zero Liquid Discharge (ZLD) solutions.
- Certification for quality management systems reflects the company’s commitment to delivering high-quality products and services.
- A robust client base, including industry leaders such as Aditya Birla Group, Ashok Leyland, PepsiCo, and Reckitt Benckiser, showcases its credibility and reliability in the market.
- Proven capability to implement ZLD systems with over 98% water recovery for diverse reuse applications demonstrates technological expertise and environmental stewardship.
- A strong footprint across multiple Indian states and international markets, including Nigeria, Pakistan, Bangladesh, and Vietnam, positions the company as a key player in the water treatment industry.
Challenges
- Ongoing legal cases involving the company, its promoters, and directors could lead to adverse judgments, potentially affecting business prospects and reputation.
- A significant reliance on a few customers, with the top 10 contributing the majority of revenue, makes the company vulnerable to financial instability if key clients reduce or discontinue their business.
- Reliance on in-house design, engineering, and construction teams means the loss of key personnel could disrupt project execution and negatively impact performance.
- Dependence on external contractors for civil construction works adds a layer of risk, as any underperformance or delays by these third parties could hinder project timelines and outcomes.
- Failure to meet operational and maintenance standards for installed projects may result in penalties, contract cancellations, and reputational damage. Past financial losses, such as Rs 0.66 crore in FY22, underline potential vulnerabilities in financial stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 2,543.88 | 96.86 | 663.04 | 663.04 | 6.8453 |
| 2023 | 1,756.61 | 91.36 | 352.10 | 352.10 | 3.854 |
| 2022 | 969.37 | 91.36 | -65.86 | -65.86 | -0.7209 |
