Apollo Techno Industries is stepping into the stock market with a Rs 48 crore IPO on the BSE SME platform, and early market signals are already showing interest.
IPO Overview
- Issue size: Rs 47.96 crore (about 0.37 crore shares)
- Price band: Rs 123 – Rs 130 per share (face value Rs 10)
- Grey‑market premium: around 12 % before opening
- Lot size: 1,000 shares
- Retail minimum: 2 lots (2,000 shares) ≈ Rs 2.60 crore at the top price
- HNI minimum: 3 lots (3,000 shares) ≈ Rs 3.90 crore at the top price
What the Company Does
Apollo Techno Industries, founded in 2016, makes specialised trenchless‑technology and foundation equipment for infrastructure projects. Its product line includes horizontal directional drilling rigs, diaphragm rigs, rotary rigs and related spare parts. These machines are used for underground utilities, metro rail works, bridge foundations and deep excavations where surface disruption must be minimal.
Financial Highlights
- Revenue grew about 44 % from FY 24 to FY 25, reaching Rs 99.66 crore.
- Profit after tax jumped over 327 %, ending FY 25 at Rs 13.79 crore.
- Strong earnings are driven by rising demand for precision drilling equipment in infrastructure‑heavy states like Gujarat (34 % of domestic sales), Maharashtra and Haryana.
How the IPO Money Will Be Used
- Primarily for working capital to support project cycles and inventory needs.
- Remaining funds will go toward general corporate purposes.
Subscription Timeline
- IPO open: Tuesday (date)
- Closing date for applications: Friday, 26 December
- Allotment basis announced: 29 December
- Refunds and share credit: 30 December
- Expected listing on BSE SME: 31 December
Investor Takeaways
- The 12 % grey‑market premium suggests traders expect a positive listing.
- Retail investors need a sizable capital outlay (≈ Rs 2.6 crore) to participate.
- Strong recent profit growth and a niche product portfolio could appeal to long‑term investors, but the high entry cost and concentration in infrastructure projects add risk.
Disclaimer
Remember, this information is for educational purposes only and not a recommendation to buy or sell any securities. Do your own research and consider your risk tolerance before investing.