1) Apex Ecotech IPO dimension
The IPO is totally a recent fairness sale of 34.99 lakh shares and thru the problem, the corporate plans to boost round Rs 25.54 crore.
2) Apex Ecotech IPO value band
The corporate is providing its shares at Rs 71-73 apiece, and traders can bid for 1600 shares in 1 lot.
3) Apex Ecotech GMP
Within the unlisted market, the corporate’s shares had been buying and selling with a GMP of Rs 0, indicating a premium of 0% over the problem value.
4) About Apex Ecotech
Apex Ecotech presents complete options for water and wastewater administration. Its built-in system options cowl a variety of providers together with industrial water therapy, effluent therapy, sewage therapy, zero liquid discharge.
5) Business Overview
Among the many international areas, Asia generated the most important volumes of wastewater representing 42% (159 billion m3) of the wastewater globally. It’s anticipated that by 2030 there might be a rise within the wastewater technology to 44%, and therefore wants consideration.
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6) Apex Ecotech monetary efficiency
For the interval ended September 2024, the corporate clocked complete revenues of Rs 21.7 crore and web revenue of Rs 1.55 crore.
7) Objects of the supply
The web proceeds from the general public supply might be used for working capital necessities, public problem bills and normal company functions.
8) Lead managers and Registrar
Share India Capital Providers is appearing because the lead supervisor to the problem and Kfin Applied sciences is the registrar.
9) Challenge construction
About 50% of the supply is reserved for QIB traders, 35% for retail traders and the opposite 15% for non-institutional traders.
10) Necessary dates
The IPO opened on November 27 and can shut on November 29. The ultimate allotment will probably be made on December 2. The corporate’s shares will probably get listed on December 4.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)
