The SME IPO of Apex Ecotech will open for subscription today and will close on November 29. The company aims to raise Rs 25.54 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) Apex Ecotech IPO size
2) Apex Ecotech IPO price band
3) Apex Ecotech GMP
4) About Apex Ecotech
5) Industry Overview
6) Apex Ecotech financial performance
7) Objects of the offer
8) Lead managers and Registrar
9) Issue structure
10) Important dates
1) Apex Ecotech IPO size
The IPO is completely a fresh equity sale of 34.99 lakh shares and through the issue, the company plans to raise around Rs 25.54 crore.
2) Apex Ecotech IPO price band
The company is offering its shares at Rs 71-73 apiece, and investors can bid for 1600 shares in 1 lot.
3) Apex Ecotech GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 0, indicating a premium of 0% over the issue price.
4) About Apex Ecotech
Apex Ecotech offers comprehensive solutions for water and wastewater management. Its integrated system solutions cover a wide range of services including industrial water treatment, effluent treatment, sewage treatment, zero liquid discharge.
5) Industry Overview
Among the global regions, Asia generated the largest volumes of wastewater representing 42% (159 billion m3) of the wastewater globally. It is expected that by 2030 there will be an increase in the wastewater generation to 44%, and hence needs attention.
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6) Apex Ecotech financial performance
For the period ended September 2024, the company clocked total revenues of Rs 21.7 crore and net profit of Rs 1.55 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for working capital requirements, public issue expenses and general corporate purposes.
8) Lead managers and Registrar
Share India Capital Services is acting as the lead manager to the issue and Kfin Technologies is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors.
10) Important dates
The IPO opened on November 27 and will close on November 29. The final allotment will likely be made on December 2. The company’s shares will likely get listed on December 4.
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