Apex Ecotech IPO allotment today: Here’s how to check status on NSE, KFin Technologies

Apex Ecotech IPO share allotment status is scheduled to be finalised on Monday, December 2. The NSE SME issue closed with a strong subscription on Friday, November 29.

Apex Ecotech IPO received bids for more than 105.62 crore shares compared to 23.1 lakh shares on offer. The issue was subscribed 457.15 times across all investor categories.

Apex Ecotech’s retail quota was booked 329.64 times as retail investors placed bids for 38 crore shares compared to 11.55 lakh shares set aside for the category. The Non-Institutional Investors (NIIs) applied for 58.53 crore shares compared to the 4.96 lakh shares on offer, leading to a subscription of 1,180 times in the category. The Qualified Institutional Buyers (QIBs) subscribed to the issue 139.69 times by applying for 9 crore shares against 6.59 lakh shares set aside for the category.

The subscription window for the public issue was open from November 27 to November 29.

Refunds will be initiated for unsuccessful bidders, and successful bidders will also receive shares of Apex Ecotech in their demat accounts on Tuesday, December 3. Shares of Apex Ecotech will be listed on the NSE SME platform Emerge. The tentative IPO listing date has been fixed as December 4.

The investors are now waiting for the company to finalise the IPO share allotment status.

The status of the share allotment for the Apex Ecotech IPO can be checked on the NSE website and the issue registrar, Kfin Technologies.

• Visit the IPO allotment status page on the NSE website: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter login details (If you don’t have an account, you will need to sign up on the NSE website)
• Select 'Apex Ecotech Limited'
• Verify PAN details
• Type in your IPO application number
• Click on the 'submit' button

• Go to the Kfin Technologies' IPO allotment status page: https://ris.kfintech.com/ipostatus/
• Select any of the available server links to continue checking your allotment status.
• Select "Apex Ecotech" from the dropdown menu for issue names.
• Type in any of the required details: Application number, DP/Client ID, PAN, and Account number/IFSC.
• Click on the 'Submit' button.

Apex Ecotech IPO details

Apex Ecotech IPO is worth ₹25.54 crore and consists of an entirely fresh issue of 34.99 lakh shares. Apex Ecotech IPO price band was fixed at ₹71 to ₹73 per share. The minimum lot size for retail investors was fixed at 1600 shares which aggregated to an investment of ₹1,16,800.

Apex Ecotech IPO objective

The company plans to use the money raised via the public issue to meet working capital requirements, general corporate purposes and for issue expenses.

About Apex Ecotech

Apex Ecotech Limited was founded in 2009. The company provides water and wastewater treatment, recycling, and reuse solutions. The company also offers its customers after-sales support as well as operation and maintenance services.