Apex Ecotech IPO Allotment Status

Summary

Apex Ecotech IPO has closed with an extraordinary response from investors, achieving a remarkable final subscription of 457.07 times by 29th November 2024 at 5:26:00 PM (Day 3). The public issue has witnessed overwhelming demand across all categories, with exceptional investor enthusiasm. The Non-Institutional Investors (NII) category led with an extraordinary 1,179.62 times subscription, demonstrating unprecedented institutional confidence.

The Retail Investors segment showed tremendous interest with 329.65 times subscription, while the Qualified Institutional Buyers (QIB) portion achieved an impressive 136.69 times subscription. The Anchor Investors portion was fully subscribed before the public issue, raising ₹7.22 crores. The offering has attracted a total of 2,61,139 applications, marking it as one of the most subscribed SME IPOs in recent times.

How to Check Apex Ecotech IPO Allotment Status:

How do you Check Apex Ecotech IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2: From the selection menu, choose Apex Ecotech IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Apex Ecotech IPO Allotment Status on NSE?

On the website of the National Stock Exchange (NSE), investors who placed a bid for the Apex Ecotech IPO can monitor the allotment status:

Step 1: Click on this link: (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Apex Ecotech Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Apex Ecotech IPO Timeline:

Apex Ecotech IPO Subscription Status

Apex Ecotech IPO received 457.07 times subscription with 2,61,139 applications. By 29th November 2024 at 5:26:00 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:26:00 PM)

• Total Subscription: 457.07 times
• QIB: 136.69 times (9,01,05,600 shares bid)
• NII: 1,179.62 times (58,50,91,200 shares bid)
• Retail investors: 329.65 times (38,08,06,400 shares bid)
• Total Amount Subscribed: ₹7,708.82 crores
• Application Distribution:
• Retail: 2,38,004 applications
• NII: 23,060 applications
• QIB: 75 applications
• Total: 2,61,139 applications

Subscription Day 2 (November 28, 2024)

• Total Subscription: 24.04 times
• QIB: 0.04 times
• NII: 24.09 times
• Retail investors: 37.71 times

Subscription Day 1 (November 27, 2024)

• Total Subscription: 1.99 times
• QIB: 0.00 times
• NII: 1.29 times
• Retail investors: 3.42 times

Apex Ecotech IPO Details 

Apex Ecotech's initial public offering (IPO) is a book built issue of ₹25.54 crores. This offering consists entirely of a fresh issue of 34.99 lakh shares.

The bidding process commenced on 27th November 2024 and will conclude on 29th November 2024. The allotment results are anticipated to be finalised on 2nd December 2024. Furthermore, the shares of Apex Ecotech are set to be listed on NSE SME, with a provisional listing date scheduled for 4th December 2024.

The price band has been established between ₹71 and ₹73 per share. Investors must apply for a minimum lot size of 1,600 shares, which requires a minimum investment of ₹116,800 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (3,200 shares), totalling ₹233,600.

Share India Capital Services Private Limited serves as the book running lead manager for the IPO, while Kfin Technologies Limited is designated as the registrar for this offering. Share India Securities is the market maker for this offering.