Schedule of Apex Ecotech
| Issue open date | 27 Nov 2024 |
| Issue close date | 29 Nov 2024 |
| UPI mandate deadline | 29 Nov 2024 (5 PM) |
| Allotment finalization | 02 Dec 2024 |
| Refund initiation | 03 Dec 2024 |
| Share credit | 03 Dec 2024 |
| Listing date | 04 Dec 2024 |
| Mandate end date | 14 Dec 2024 |
| Lock-in end date for anchor investors (50%) | 01 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 02 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Apex Ecotech
Apex Ecotech Limited, founded in 2009, provides water and wastewater treatment solutions, focusing on recycling and reuse. Its services include setting up raw water treatment plants, effluent & sewage treatment plants, sludge dewatering equipment, and advanced systems like ultrafiltration, nanofiltration, and reverse osmosis. The company also delivers Zero Liquid Discharge (ZLD) systems, after-sales support and maintenance services. With a client base that includes Aditya Birla Group, Hero Motocorp, Honda Cars, and PepsiCo, the company has implemented systems achieving over 98% recovery for applications such as boiler feed, cooling tower makeup, and horticulture.
Financials of Apex Ecotech
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.54 crores |
| Fresh Issue | ₹25.54 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working Capital Requirements | 17.00 (66.56%) |
| Public Issue Expenses | 2.16 (8.46%) |
| General corporate purposes | 6.38 (24.98%) |
Strengths
- In-house team ensures efficient execution and adherence to specifications.
- Expertise in complex water and wastewater treatment projects.
- Promoters and management with 120+ years of combined experience.
- Strong partnerships with reliable vendors and technology providers.
- Presence across India and international markets for diverse opportunities.
Risks
- Revenue concentration in key industries and Maharashtra-dependent supply chain pose risks.
- High working capital needs and debt reliance strain financial stability.
- Limited long-term contracts expose revenue to variability.
- Cost overruns in projects and inflation risks affect profitability.
- Compliance delays and high debt burden impact operations and credit ratings.