Apollo Techno Industries IPO
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Apollo Techno Industries IPO details
Schedule of Apollo Techno Industries
| Issue open date | 23 Dec 2025 |
| Issue close date | 26 Dec 2025 |
| UPI mandate deadline | 26 Dec 2025 (5 PM) |
| Allotment finalization | 29 Dec 2025 |
| Refund initiation | 30 Dec 2025 |
| Share credit | 30 Dec 2025 |
| Listing date | 31 Dec 2025 |
| Mandate end date | 11 Jan 2026 |
| Lock-in end date for anchor investors (50%) | 28 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 28 Mar 2026 |
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 Apollo Techno Industries
Apollo Techno Industries Limited was incorporated in April 2016 and is headquartered in Gujarat, India. The company was originally established as a private limited entity and was converted into a public limited company in December 2024. It is promoted by Parth Rashmikant Patel, Rashmikant Haribhai Patel, Manjulaben Rashmikant Patel, along with their respective HUFs.The company operates in the construction equipment segment, with a focus on trenchless technology and foundation equipment. Its manufacturing portfolio includes Horizontal Directional Drilling (HDD) rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs, and related spare parts. These products are used in the installation of underground utilities, foundation work for infrastructure projects, and high-rise construction.
Apollo Techno follows a manufacturing-led business model supported by in-house engineering, design, and assembly capabilities. It also offers post-sales services, including warranties, on-site support, and technical training. The company’s key strengths lie in its specialised product range, technical expertise, and ability to serve infrastructure-driven demand across domestic and select international markets.
Financials of Apollo Techno Industries
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Total issue size | 47.96 |
| Fresh Issue – Proceeds go to the company | 47.96 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Working capital requirement | 38.5 (80.26%) |
| General corporate purposes | 9.46 (19.74%) |
Strengths
- Specialised manufacturer of trenchless and foundation equipment for infrastructure projects.
- Diverse product portfolio including HDD, diaphragm, and rotary drilling rigs.
- Strong promoter experience with technical and operational expertise.
- In-house manufacturing supported by engineering and design capabilities.
- Presence in the domestic market with select international sales exposure.
Risks
- High dependence on Horizontal Directional Drilling (HDD) machines for revenue.
- Revenue concentration in a few states and limited geographic regions.
- Dependence on a small number of customers for a large share of revenues.
- Exposure to cyclical infrastructure and construction industry demand.
- Reliance on limited suppliers for key raw materials and components.
Allotment Status for Apollo Techno Industries
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Apollo Techno Industries
As per media reports (Link), the Grey Market Premium (GMP) of Apollo Techno Industries is reported at ₹18 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on December 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 7.00 | 176.79 | 25.26x |
| NII | 5.26 | 515.50 | 98x |
| Retail | 12.28 | 550.24 | 44.81x |
| Total | 24.54 | 1242.53 | 50.63x |