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Apex Ecotech Ltd IPO

Status: Closed

Overview

IPO date
27 Nov 2024 to 29 Nov 2024
Face value
₹ 10 per share
Price
₹ 71 to ₹73 per share
Issue Size
3499200 shares
(aggregating up to ₹ 25.54 Cr)
Allotment Date
02 Dec 2024
Listing at
NSE
Issue type
Book Building - SME
Sector
Capital Goods-Non Electrical Equipment

Objectives of Apex Ecotech Ltd IPO

Initial public issue of up to 34,99,200 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Apex Ecotech Limited (the "Company" or the "Issuer") for cash at a price of Rs. 73 per equity share including a share premium of Rs. 63 per equity share (the "Issue Price") aggregating up to Rs. 25.54 crores ("The Issue") of which up to 2,00,000 equity shares aggregating to Rs. 1.46 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of up to 32,99,200 equity shares aggregating to Rs. 24.08 crores (the "Net Issue"). The issue and the net issue will constitute 26.54% and 25.02% respectively of the post issue paid-up equity share capital of the company.

Objectives of Apex Ecotech Ltd IPO

Initial public issue of up to 34,99,200 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Apex Ecotech Limited (the "Company" or the "Issuer") for cash at a price of Rs. 73 per equity share including a share premium of Rs. 63 per equity share (the "Issue Price") aggregating up to Rs. 25.54 crores ("The Issue") of which up to 2,00,000 equity shares aggregating to Rs. 1.46 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of up to 32,99,200 equity shares aggregating to Rs. 24.08 crores (the "Net Issue"). The issue and the net issue will constitute 26.54% and 25.02% respectively of the post issue paid-up equity share capital of the company.

Apex Ecotech Ltd IPO Strategy

  • Developing and Maintaining Cost-Optimal Water and Wastewater Management Systems.
  • Strengthening its Core Abilities through Recruitment, Retention, and Training of Skilled Personnel.
  • Expansion of its geographical footprint.
  • Leveraging its market skills and relationship.

About Apex Ecotech Ltd

Apex Ecotech Limited was incorporated as Apex Ecotech Private Limited vide Certificate of Incorporation dated April 01, 2009, in Maharashtra- Pune. Subsequently, Company was converted into a Public Limited Company and the name of Company was changed from 'Apex Ecotech Private Limited' to 'Apex Ecotech Limited' vide a fresh Certificate of Incorporation dated July 02, 2024 issued by the Registrar of Companies, Central Processing Centre. The Company offers comprehensive solutions for water & wastewater management. The Company is involved in distributing a sustainable and cost-effective solution for water purification and water desalination system. The Company services include setting up Raw Water Treatment for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, providing Sludge Dewatering Equipment, recycling of pretreated wastewater through Membrane systems (Ultrafiltration, Nano Filtration, Reverse Osmosis, Disc Type RO etc.) and Thermal / Vapor Compression-based Evaporators & Crystallizers for Zero Liquid Discharge Systems. Furthermore, it provide after sales support along with Operation & Maintenance services to clients. The Company specialize in delivering turnkey projects in the field of water & wastewater treatment, offering efficient solutions for wastewater recycling and zero liquid discharge (ZLD) systems. It also specialize in delivering turnkey projects in the field of water & wastewater treatment, offering efficient solutions for wastewater recycling and zero liquid discharge (ZLD) systems. The Company in year 2012, commissioned its first Zero Liquid Discharge Plant in Pharma sector; commissioned further 1st Zero Liquid Discharge Plant in Automobile sector in 2015. The Company developed inhouse electrocoagulation system based on low sacrificial electrodes to treat complex effluents in 2016. It commissioned 1st Mil Scale Filtration Plant outside India in Steel sector in 2017; commissioned EDR technology on wastewater in India in year 2020 and in 2023, the Company commissioned 1st Mechanical Vapor Recompression (MVR) technology based Evaporator system. The Company is proposing the Public Issue of upto 35,00,000 Fresh Issue Equity Shares.

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T&C*

Strengths vs Risks of Apex Ecotech Ltd

Know the pros & cons

Strengths

  • arrowCustomization Expertise.
  • arrowExperienced Promoter and management team with strong industry expertise and successful track record.
  • arrowSustainable business model.
  • arrowMarquee clientele.

Risks

  • arrowThe Company has allotted Equity Shares during the preceding one year from the date of the Draft Red Herring Prospectus which may be lower than the Issue Price.
  • arrowThe company has certain outstanding litigation involving the company, promoters, directors. Any adverse outcome of which may adversely affect its business, reputation and results of operations.
  • arrowIts dependence on key industries, such as Food Processing & Beverages, Oil & Edibles, and Metals & Mining, for an insignificant portion of its sales may pose a risk to the company's business.
  • arrowIts revenue from operations is largely dependent on a few key customers who contribute a substantial portion of its total revenue. The loss of any of its major customers due to any adverse development may adversely affect its business, financial condition, results of operations and future prospects.
  • arrowThe company requires sizeable amounts of working capital for its continued operation and growth. its inability to meet the company working capital requirements could have a material adverse effect on its business, results of operations and financial condition.
  • arrowThe company relies on its in-house designing, engineering and construction teams for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.
  • arrowFor some its projects, the company relies on various third parties in the civil construction activities of installing its WWTPs and factors affecting the performance of their obligations could adversely affect its projects.
  • arrowThere are certain instances of delays in payment of statutory dues by it. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on its financial condition and cash flows.
  • arrowThe company does not own the premises of its Registered, Corporate Office and Godowns.
  • arrowThe company deploy advanced technologies in the designing and installation of WWTPs. Any incapability to adopt a new technology or change in the requirement of a particular technology by the Industries may affect its position for WWTPs.
  • arrowIts operations are subject to environmental and workers' health and safety laws and regulations. Its may have to incur material costs to comply with these regulations or suffer material liabilities or damages in the event of an incidence or non-compliance of environment and other similar laws and regulations which may have a material adverse effect on its reputation, business, financial condition and results of operations.
  • arrowIts actual cost in executing WWTPs may vary substantially from the assumptions underlying its estimates. The company may be unable to recover all or some of the additional costs and expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.
  • arrowThe company does not have long term contracts or exclusive arrangements with any of its suppliers, and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.
  • arrowThe company has in the past entered into related party transactions and its may continue to do so in the future.
  • arrowThe company relies on the state of Maharashtra for the procurement of raw materials. Any shortages in the supply of components and raw materials, or increases in their costs, could adversely affect the pricing and availability of its products. Such issues may impact the company's business operations, financial performance, and overall financial condition.
  • arrowIf the company fails to perform O&M works or if there are any service deficiencies in the projects The company install according to the relevant contracts, its could face penalties or contract termination. This could seriously harm its reputation, business, financial condition, operational results, and cash flow.
  • arrowIts future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
  • arrowIf there is a shortage in the supply of its components and raw materials, or if their costs increase, it could negatively impact the pricing and availability of its products. This could harm its business, operational results, and financial condition.
  • arrowThe Company has reported negative cash flows in the recent period. Negative cash flows in the future could adversely affect its results of the company operations and financial condition.
  • arrowIts Promoters have provided personal guarantees to secure certain of the company fund facilities, which if revoked or invoked may require alternative guarantees, repayment of amounts due or termination of the facilities.
  • arrowChanges in government policies related to the environment and water treatment, in particular, may adversely affect its business, financial condition and results of operations.
  • arrowAfter conversion of Company into public limited the company is required to update the name of the company in some of the statutory approvals, certificates, licenses and registrations due to the change of Status of the Company.
  • arrowThe company is dependent on third party transportation and logistics service providers. Any increase in the charges of these entities could adversely affect its business, results of operations and financial condition.
  • arrowCertain delays and discrepancies have been detected in its statutory records, as well as in records related to the submission of returns and statutory expenses to the concerned Registrar of Companies.
  • arrowIts Promoters play key role in the company functioning and its heavily rely on their knowledge and experience in operating its business and therefore, it is critical for the company's business that its promoters remain associated with the company.
  • arrowIf the Company is unable to protect its intellectual property, its business may be adversely affected.
  • arrowThe company faces foreign exchange risk, which may negatively affect its business, financial condition and results of operations.
  • arrowThe company has been recently converted into public limited company and any non-compliance with the provisions of Companies Act, 2013 may attract penalties against the Company which could impact its financial and operational performance and reputation.
  • arrowContingent liabilities could adversely affect its financial condition. Crystallization of any of these contingent liabilities may adversely affect its financial condition.
  • arrowThe company has total indebtedness of Rs. 121.13 lakhs. If its unable to service its debt obligations in a timely manner or to comply with various financial and other covenants and other terms and conditions of its financing agreements, it may adversely affect the company's business, credit rating, reputation, prospects, results of operations, cash flows and financial condition.
  • arrowIts business is substantially dependent on the company design and engineering teams to accurately carry out the pre-bidding engineering studies for potential projects. Any discrepancies between these pre-bid estimates and the actual project execution could significantly impact its cash flows, operational results, and financial condition.
  • arrowWater reuse and zero liquid discharge technology is evolving rapidly. These advancements could impact the demand for its services and products. If the company fails to keep up with these technological changes and new product developments, its business, operational results, and financial condition could suffer.
  • arrowIts Promoters and Directors have interest in the Company, other than reimbursement of expenses incurred or remuneration.
  • arrowIts Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
  • arrowThe average cost of acquisition of Equity Shares held by its Promoters may be less than the Issue Price.
  • arrowThe Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
  • arrowThe company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • arrowMisconduct by its employees or failures of the company internal processes could harm it by impairing its ability to attract and retain customers.
  • arrowIts on-going projects are exposed to various implementation risks & uncertainties and may be delayed, modified or cancelled for reasons beyond its control which may materially and adversely affect the company's business, prospects, reputation, profitability, financial condition and results of operation.
  • arrowThe company has projects in diverse geographical regions which may expose it to various challenges.
  • arrowThe company failures to manage growth effectively may adversely impact its business, results of operations and financial condition.
  • arrowThe company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licences in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
  • arrowThe company relies on effective and efficient project management. Any adverse change in its project management procedures could affect the company ability to complete projects on a timely basis or at all, which may cause its to incur liquidated damages for time overruns pursuant to its contracts.
  • arrowThe insurance coverage taken by it may not be adequate to protect against certain business risks and this may have an adverse effect on the business operations.
  • arrowImproper handling of its products, or spoilage of and damage to the company products, could damage its reputation and have an adverse effect on its business, results of operations and financial condition.
  • arrowThe Company has not entered any long-term contracts with any of its customers and the company typically operates based on Contracts/ orders. Inability to maintain regular order flow would adversely impact its revenues and profitability.
  • arrowThe Company failures to maintain the quality standards of the Service could adversely impact its business, results of operations and financial condition.
  • arrowThe completion of its projects can be delayed on account of the company dependency on its contracted labour force. Also, the company results of operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or other disputes with the company employees or its contractors' employees.
  • arrowThe company operates in a highly competitive environment. Any failures to compete effectively could harm its business, future prospects and financial stability.
  • arrowThe company is exposed to the risk of delays or non-payment by its clients and other counter parties, which may also result in cash flow mismatches.
  • arrowThe company may not be successful in implementing its business strategies.
  • arrowThere is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and its Board of Directors, though it shall be monitored by its Audit Committee.
  • arrowIf the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
  • arrowIts ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • arrowIndustry information included in this Red Herring Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial, and other industry information is either complete or accurate.
  • arrowThe Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • arrowThe sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • arrowThere are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • arrowIts may need additional capital and the company may not be able to obtain it, which could adversely affect its liquidity and financial position.
  • arrowFailures to maintain confidential information of its customers could adversely affect the company results of operations or damage its reputation.
  • arrowIf the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.

Apex Ecotech Ltd Peer Comparison

Understand the company’s industry standing

Apex Ecotech Ltd
Ion Exchange (India) Ltd
Va Tech Wabag Ltd
Face Value
10
10
2
Standalone / Consolidated
Standalone
Consolidated
Consolidated
Total Income Rs. Cr.
34.5838
2347.85
2856.4
EPS-Basis
3.85
13.32
38.87
EPS-Diluted
---
---
---
NAV Per Share
7.91
69.53
293.28
P/E-Basic EPS
---
48.13
45.39
P/E-Diluted EPS
---
---
---
RONW(%)
64
21.06
14.45
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 27 Nov 2024 & closes on 29 Nov 2024.

Apex Ecotech Limited was incorporated as Apex Ecotech Private Limited vide Certificate of Incorporation dated April 01, 2009, in Maharashtra- Pune. Subsequently, Company was converted into a Public Limited Company and the name of Company was changed from 'Apex Ecotech Private Limited' to 'Apex Ecotech Limited' vide a fresh Certificate of Incorporation dated July 02, 2024 issued by the Registrar of Companies, Central Processing Centre. The Company offers comprehensive solutions for water & wastewater management. The Company is involved in distributing a sustainable and cost-effective solution for water purification and water desalination system. The Company services include setting up Raw Water Treatment for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, providing Sludge Dewatering Equipment, recycling of pretreated wastewater through Membrane systems (Ultrafiltration, Nano Filtration, Reverse Osmosis, Disc Type RO etc.) and Thermal / Vapor Compression-based Evaporators & Crystallizers for Zero Liquid Discharge Systems. Furthermore, it provide after sales support along with Operation & Maintenance services to clients. The Company specialize in delivering turnkey projects in the field of water & wastewater treatment, offering efficient solutions for wastewater recycling and zero liquid discharge (ZLD) systems. It also specialize in delivering turnkey projects in the field of water & wastewater treatment, offering efficient solutions for wastewater recycling and zero liquid discharge (ZLD) systems. The Company in year 2012, commissioned its first Zero Liquid Discharge Plant in Pharma sector; commissioned further 1st Zero Liquid Discharge Plant in Automobile sector in 2015. The Company developed inhouse electrocoagulation system based on low sacrificial electrodes to treat complex effluents in 2016. It commissioned 1st Mil Scale Filtration Plant outside India in Steel sector in 2017; commissioned EDR technology on wastewater in India in year 2020 and in 2023, the Company commissioned 1st Mechanical Vapor Recompression (MVR) technology based Evaporator system. The Company is proposing the Public Issue of upto 35,00,000 Fresh Issue Equity Shares.

Apex Ecotech Ltd IPO will close on 29 Nov 2024.

  • Customization Expertise.
  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • Sustainable business model.
  • Marquee clientele.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Anuj Dosajh 2759070 28.49 2759070 20.93
2 Ramakrishnan Balasundaram Aiye 2759070 28.49 2759070 20.93
3 Ajay Raina 1808530 18.67 1808530 13.72
4 Lalit Mohan Datta 1808930 18.68 1808930 13.72
5 Poonam Dosajh 100 --- 100 ---
6 Monica Bhat 100 --- 100 ---
7 Asha Aiyer 100 --- 100 ---
8 Ruby Datta 100 --- 100 ---

  • The Company has allotted Equity Shares during the preceding one year from the date of the Draft Red Herring Prospectus which may be lower than the Issue Price.
  • The company has certain outstanding litigation involving the company, promoters, directors. Any adverse outcome of which may adversely affect its business, reputation and results of operations.
  • Its dependence on key industries, such as Food Processing & Beverages, Oil & Edibles, and Metals & Mining, for an insignificant portion of its sales may pose a risk to the company's business.
  • Its revenue from operations is largely dependent on a few key customers who contribute a substantial portion of its total revenue. The loss of any of its major customers due to any adverse development may adversely affect its business, financial condition, results of operations and future prospects.
  • The company requires sizeable amounts of working capital for its continued operation and growth. its inability to meet the company working capital requirements could have a material adverse effect on its business, results of operations and financial condition.
  • The company relies on its in-house designing, engineering and construction teams for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.
  • For some its projects, the company relies on various third parties in the civil construction activities of installing its WWTPs and factors affecting the performance of their obligations could adversely affect its projects.
  • There are certain instances of delays in payment of statutory dues by it. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on its financial condition and cash flows.
  • The company does not own the premises of its Registered, Corporate Office and Godowns.
  • The company deploy advanced technologies in the designing and installation of WWTPs. Any incapability to adopt a new technology or change in the requirement of a particular technology by the Industries may affect its position for WWTPs.
  • Its operations are subject to environmental and workers' health and safety laws and regulations. Its may have to incur material costs to comply with these regulations or suffer material liabilities or damages in the event of an incidence or non-compliance of environment and other similar laws and regulations which may have a material adverse effect on its reputation, business, financial condition and results of operations.
  • Its actual cost in executing WWTPs may vary substantially from the assumptions underlying its estimates. The company may be unable to recover all or some of the additional costs and expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.
  • The company does not have long term contracts or exclusive arrangements with any of its suppliers, and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.
  • The company has in the past entered into related party transactions and its may continue to do so in the future.
  • The company relies on the state of Maharashtra for the procurement of raw materials. Any shortages in the supply of components and raw materials, or increases in their costs, could adversely affect the pricing and availability of its products. Such issues may impact the company's business operations, financial performance, and overall financial condition.
  • If the company fails to perform O&M works or if there are any service deficiencies in the projects The company install according to the relevant contracts, its could face penalties or contract termination. This could seriously harm its reputation, business, financial condition, operational results, and cash flow.
  • Its future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
  • If there is a shortage in the supply of its components and raw materials, or if their costs increase, it could negatively impact the pricing and availability of its products. This could harm its business, operational results, and financial condition.
  • The Company has reported negative cash flows in the recent period. Negative cash flows in the future could adversely affect its results of the company operations and financial condition.
  • Its Promoters have provided personal guarantees to secure certain of the company fund facilities, which if revoked or invoked may require alternative guarantees, repayment of amounts due or termination of the facilities.
  • Changes in government policies related to the environment and water treatment, in particular, may adversely affect its business, financial condition and results of operations.
  • After conversion of Company into public limited the company is required to update the name of the company in some of the statutory approvals, certificates, licenses and registrations due to the change of Status of the Company.
  • The company is dependent on third party transportation and logistics service providers. Any increase in the charges of these entities could adversely affect its business, results of operations and financial condition.
  • Certain delays and discrepancies have been detected in its statutory records, as well as in records related to the submission of returns and statutory expenses to the concerned Registrar of Companies.
  • Its Promoters play key role in the company functioning and its heavily rely on their knowledge and experience in operating its business and therefore, it is critical for the company's business that its promoters remain associated with the company.
  • If the Company is unable to protect its intellectual property, its business may be adversely affected.
  • The company faces foreign exchange risk, which may negatively affect its business, financial condition and results of operations.
  • The company has been recently converted into public limited company and any non-compliance with the provisions of Companies Act, 2013 may attract penalties against the Company which could impact its financial and operational performance and reputation.
  • Contingent liabilities could adversely affect its financial condition. Crystallization of any of these contingent liabilities may adversely affect its financial condition.
  • The company has total indebtedness of Rs. 121.13 lakhs. If its unable to service its debt obligations in a timely manner or to comply with various financial and other covenants and other terms and conditions of its financing agreements, it may adversely affect the company's business, credit rating, reputation, prospects, results of operations, cash flows and financial condition.
  • Its business is substantially dependent on the company design and engineering teams to accurately carry out the pre-bidding engineering studies for potential projects. Any discrepancies between these pre-bid estimates and the actual project execution could significantly impact its cash flows, operational results, and financial condition.
  • Water reuse and zero liquid discharge technology is evolving rapidly. These advancements could impact the demand for its services and products. If the company fails to keep up with these technological changes and new product developments, its business, operational results, and financial condition could suffer.
  • Its Promoters and Directors have interest in the Company, other than reimbursement of expenses incurred or remuneration.
  • Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
  • The average cost of acquisition of Equity Shares held by its Promoters may be less than the Issue Price.
  • The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • Misconduct by its employees or failures of the company internal processes could harm it by impairing its ability to attract and retain customers.
  • Its on-going projects are exposed to various implementation risks & uncertainties and may be delayed, modified or cancelled for reasons beyond its control which may materially and adversely affect the company's business, prospects, reputation, profitability, financial condition and results of operation.
  • The company has projects in diverse geographical regions which may expose it to various challenges.
  • The company failures to manage growth effectively may adversely impact its business, results of operations and financial condition.
  • The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licences in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
  • The company relies on effective and efficient project management. Any adverse change in its project management procedures could affect the company ability to complete projects on a timely basis or at all, which may cause its to incur liquidated damages for time overruns pursuant to its contracts.
  • The insurance coverage taken by it may not be adequate to protect against certain business risks and this may have an adverse effect on the business operations.
  • Improper handling of its products, or spoilage of and damage to the company products, could damage its reputation and have an adverse effect on its business, results of operations and financial condition.
  • The Company has not entered any long-term contracts with any of its customers and the company typically operates based on Contracts/ orders. Inability to maintain regular order flow would adversely impact its revenues and profitability.
  • The Company failures to maintain the quality standards of the Service could adversely impact its business, results of operations and financial condition.
  • The completion of its projects can be delayed on account of the company dependency on its contracted labour force. Also, the company results of operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or other disputes with the company employees or its contractors' employees.
  • The company operates in a highly competitive environment. Any failures to compete effectively could harm its business, future prospects and financial stability.
  • The company is exposed to the risk of delays or non-payment by its clients and other counter parties, which may also result in cash flow mismatches.
  • The company may not be successful in implementing its business strategies.
  • There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and its Board of Directors, though it shall be monitored by its Audit Committee.
  • If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
  • Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • Industry information included in this Red Herring Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial, and other industry information is either complete or accurate.
  • The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • The sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • Its may need additional capital and the company may not be able to obtain it, which could adversely affect its liquidity and financial position.
  • Failures to maintain confidential information of its customers could adversely affect the company results of operations or damage its reputation.
  • If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.

The Issue type of Apex Ecotech Ltd is Book Building - SME.

The minimum application for shares of Apex Ecotech Ltd is 1600.

The total shares issue of Apex Ecotech Ltd is 3499200.

Initial public issue of up to 34,99,200 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Apex Ecotech Limited (the "Company" or the "Issuer") for cash at a price of Rs. 73 per equity share including a share premium of Rs. 63 per equity share (the "Issue Price") aggregating up to Rs. 25.54 crores ("The Issue") of which up to 2,00,000 equity shares aggregating to Rs. 1.46 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of up to 32,99,200 equity shares aggregating to Rs. 24.08 crores (the "Net Issue"). The issue and the net issue will constitute 26.54% and 25.02% respectively of the post issue paid-up equity share capital of the company.