Aptex Ecotech IPO: Check GMP, subscription status & other key details | Stock Market News

Aptex Ecotech IPO: The initial public offer of Aptex Ecotech opened for subscription on November 27 in the price band of ₹71 to ₹73 per share. Aptex Ecotech IPO, worth ₹25.54 crore, is entirely a fresh issue of 34.99 lakh shares.

The issue closes for subscription on Friday, November 29, with the allotment expected to be finalized on Monday, December 2. Aptex Ecotech IPO listing is expected to take place on Wednesday, December 4.

The minimum lot size of Aptex Ecotech IPO is 1600 shares, requiring an investment of ₹116,800 by the retail investors to subscribe to one lot of the issue.

The company plans to utilize the funds raised from the IPO to meet working capital requirements, for general corporate purposes and to meet public issue expenses, as per its RHP.

Aptex Ecotech IPO Subscription Status

Aptex Ecotech IPO sailed through on the first day itself amid strong demand from both retail investors and non-institutional investors (NIIs).

At the end of the second day, Aptex Ecotech IPO subscription stood at 23.82 times. The retail investor portion was subscribed the most at 37.31 times, followed by the NII portion at 24 times. The qualified institutional buyer (QIB) quota garnered 0.04 times bids.

Aptex Ecotech IPO GMP

Aptex Ecotech IPO grey market premium or GMP stood at ₹35 apiece, suggesting a strong listing gain for its investors. Aptex Ecotech IPO GMP suggests the company shares could list at ₹108, a premium of ₹48% over the upper price band of ₹73.

Aptex Ecotech IPO GMP has risen sharply over the two days. It stood at nil on Tuesday but shot up to ₹35 when the IPO opened yesterday. So far, the GMP has remained steady at that level.

About Aptex Ecotech

Incorporated in 2009, Aptex Ecotech provides comprehensive solutions for water and wastewater treatment, recycling, and reuse across various applications. Its services include the setup of raw water treatment systems for industrial processes, effluent and sewage treatment plants to comply with pollution norms, and the provision of sludge dewatering equipment.

Additionally, it specialises in recycling pretreated wastewater through membrane systems such as ultrafiltration, nano filtration, reverse osmosis, and disc-type RO, along with thermal and vapour compression-based evaporators and crystallisers for zero liquid discharge systems.

Some of the marquee customers of Apex Ecotech include Aditya Birla Group, Ashok Leyland, Escorts Kubota, Haldiram, Hero Motocorp, Honda Cars, Honda Scooters & Motorcycle, HUL, Jubilant, Kohler, Lenskart, Mahindra & Mahindra and PepsiCo.

Apex Ecotech Limited’s revenue increased by 53.1% and profit after tax (PAT) rose by 88.31% between FY24 and FY23.

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