Apex Ecotech IPO

Apex Ecotech Limited specialises in water and wastewater treatment solutions, offering recycling and reuse options for diverse applications. The Apex Ecotech IPO is a book-built issue worth ₹25.54 crore, comprising a fresh issue of 34.99 lakh shares. The IPO opens for subscription on November 27, 2024, and concludes on November 29, 2024.

The allotment of shares is expected to be finalised on December 2, 2024, with a tentative listing date of December 4, 2024, on NSE SME. The IPO price band ranges from ₹71 to ₹73 per share, with a minimum application lot size of 1600 shares. Retail investors need to invest at least ₹1,16,800, while HNIs require a minimum of two lots, amounting to ₹2,33,600.

Share India Capital Services Private Limited is the book-running lead manager for the issue, with Kfin Technologies Limited as the registrar. Share India Securities serves as the market maker.

For a comprehensive understanding of the IPO, refer to the RHP (Red Herring Prospectus) of Apex Ecotech Limited.

Industry Outlook

1. Studies estimate that annual wastewater generation, currently at 380 billion m³ globally, will rise to 470 billion m³ by 2030, a 24% increase. Asia, responsible for 42% of global wastewater, is expected to generate even more, requiring advanced treatment solutions.
2. The global water and wastewater treatment market, valued at $301.7 billion in 2022, is projected to grow at a CAGR of 7.5% to $536.4 billion by 2030, reflecting strong growth potential for companies in this sector.
3. India's water demand is projected to double its supply by 2030, with the wastewater treatment market expected to grow from $1.31 billion in 2020 to $2.08 billion by 2025, at a CAGR of 9.7%.

Apex Ecotech IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Funds will be utilised to meet public issue expenses.
2. Part of the funds will address additional working capital requirements, ensuring smooth business operations.
3. The remaining funds will be utilised for general corporate purposes.

About Apex Ecotech Limited 

Apex Ecotech Limited, established on April 1, 2009, in Pune, Maharashtra, has become a key player in water and wastewater treatment solutions. Originally incorporated as a private limited company, it transitioned to a public limited company in 2024, reflecting its growth and ambition. 

With ISO 9001:2015 certification, the company specialises in designing and executing turnkey projects that focus on water treatment, recycling, and reuse across various industrial applications.

The services provided include setting up raw water treatment systems, effluent and sewage treatment plants, sludge dewatering equipment, and advanced membrane systems like ultrafiltration, reverse osmosis, and thermal evaporators. 

Apex Ecotech Limited also offers robust after-sales support and operation and maintenance services. It has successfully implemented Zero Liquid Discharge (ZLD) systems, ensuring minimal waste and optimised water recovery.

The company has an extensive clientele, including renowned names such as Aditya Birla Group, Hero MotoCorp, HUL, and PepsiCo. It has executed over 250 projects, commissioning advanced technologies like EDR and MBR, with a cumulative treatment capacity of 145 million litres per day. 

Amid increasing global water scarcity and rising demand for sustainable solutions, Apex Ecotech Limited is positioned to drive growth while contributing to water conservation and recycling initiatives.

Peer Details

According to RHP, the following are the listed peers considered by Apex Ecotech Limited:

1. ION Exchange Limited
2. VA Tech Wabag Limited

How To Check the Allotment Status of the Apex Ecotech IPO?

A: Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Apex Ecotech IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Apex Ecotech IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Apex Ecotech IPO 

Registered office: Office No. 202, Garden Plaza, Five

Gardens Road, Sunshine Villas, Rahatani, Pimpri Waghire, Pune, -411017, Maharashtra, India,

Phone: : +91-9999654360

E-mail: info@apexecotech.com

Apex Ecotech IPO Financial

Know before investing

Strengths

1. Apex Ecotech Limited excels in designing complex water and wastewater projects.

2. Strong partnerships with vendors ensure quality and timely project delivery.

3. Proven track record of successfully completing diverse client-focused projects.

4. Strategic geographical presence boosts market expansion across India and globally.

5. Skilled team ensures cost-effective solutions through training and expertise.

6. Focus on developing sustainable water management systems enhances industry relevance.

Risks

1. Equity share pricing differences may impact investor confidence post-issue.

2. Outstanding litigation risks could adversely affect reputation and operations.

3. Heavy dependence on key customers poses revenue and business risks.

4. High working capital requirements may strain financial resources and growth.

5. Employee turnover may hinder project execution and operational efficiency.

6. Reliance on third-party contractors may cause delays and quality issues.