The Aptex Ecotech IPO opened for subscription on November 27, 2024, with a price band of ₹71 to ₹73 per equity share. This IPO aims to raise ₹25.54 crore through a fresh issue of 34.99 lakh shares. The proceeds will be used for working capital requirements, general corporate purposes, and public issue expenses.
Key Details of Aptex Ecotech IPO
| Aspect | Details |
|---|---|
| IPO Price Band | ₹71 to ₹73 per share |
| IPO Size | ₹25.54 crore (fresh issue) |
| Lot Size | 1600 shares |
| Minimum Investment | ₹116,800 |
| IPO Opening Date | November 27, 2024 |
| IPO Closing Date | November 29, 2024 |
| Allotment Date | December 2, 2024 |
| Listing Date | December 4, 2024 |
Aptex Ecotech IPO Subscription Status
The IPO received significant interest from investors, with the retail portion oversubscribed 37.31 times as of Day 2. Here’s the breakdown:
| Investor Category | Subscription Status |
|---|---|
| Retail Investors | 37.31 times |
| Non-Institutional Investors (NII) | 24 times |
| Qualified Institutional Buyers (QIB) | 0.04 times |
| Overall Subscription | 23.82 times |
Grey Market Premium (GMP)
The Aptex Ecotech IPO grey market premium (GMP) indicates strong post-listing gains. As of now, the GMP stands at ₹35 per share, suggesting that the listing price could reach ₹108, a 48% premium over the upper price band.
Day-Wise GMP Trend:
| Date | GMP (₹) |
|---|---|
| Nov 26, 2024 | Nil |
| Nov 27, 2024 | ₹35 |
| Nov 28, 2024 | ₹35 |
About Aptex Ecotech
Founded in 2009, Aptex Ecotech specializes in water and wastewater treatment solutions. The company provides end-to-end services, including:
- Raw Water Treatment Systems: For industrial processes.
- Effluent and Sewage Treatment Plants: To meet pollution control norms.
- Wastewater Recycling: Using advanced technologies such as ultrafiltration, reverse osmosis, and nano filtration.
- Zero Liquid Discharge Systems: With evaporators and crystallizers for environmental compliance.
Key Clients:
The company’s clientele includes major industry players like Aditya Birla Group, Ashok Leyland, Hero MotoCorp, Honda Cars, PepsiCo, and Mahindra & Mahindra.
Financial Performance
Aptex Ecotech has shown remarkable growth between FY23 and FY24, as highlighted below:
| Metric | FY2023 | FY2024 | Change |
|---|---|---|---|
| Total Revenue | $79.2 million | $67.64 million | -14.56% |
| Net Loss | $121.76 million | $133.82 million | +9.88% |
| Earnings Per Share (EPS) | -$5.77 | -$6.31 | -9.36% |
| R&D Expenses | $34.1 million | $30.8 million | -9.68% |
| G&A Expenses | $13.8 million | $13.7 million | -0.72% |
| Cash and Cash Equivalents | $85.4 million | $37.2 million | -56.45% |
| Total Assets | $462.28 million | $376.65 million | -18.51% |
Expert Opinions
- Positive Sentiment:
Analysts highlight Aptex Ecotech’s position in the water treatment sector, driven by rising industrial demand and government initiatives like Namami Gange. - Potential Concerns:
While the IPO shows potential for strong listing gains, investors should consider broader market conditions and execution risks for long-term growth.
Should You Invest in Aptex Ecotech IPO?
Pros:
- Significant growth in revenue and profitability.
- Strong demand in water and wastewater treatment solutions.
- Prestigious clientele across diverse industries.
Cons:
- High dependency on industrial demand.
- Potential risks associated with project execution.
Final Recommendation:
The IPO is suitable for investors looking for short-term listing gains and those confident in the long-term growth of the water treatment sector.
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Disclaimer: This article is for informational purposes only. Please consult a financial advisor before making investment decisions.