Apollo Techno Industries is set to make its debut on the BSE SME platform today, December 31, following a highly successful initial public offering that demonstrated strong investor appetite. The company's shares are trading at a modest premium in the grey market, indicating measured optimism ahead of the official listing.

IPO Performance and Subscription Details

Strong Demand Across Investor Categories

The public issue witnessed robust participation from all investor segments. Non-institutional investors led the demand with an impressive subscription of 98 times, while retail investors subscribed their portion nearly 45 times. Qualified institutional buyers also showed strong interest, subscribing about 25 times their allocated quota.

The company had also raised ₹13.65 crore from anchor investors ahead of the issue, providing early institutional validation and confidence in the business model.

Business Operations and Market Position

Apollo Techno Industries operates in the specialized segment of trenchless technology and foundation equipment for the construction and infrastructure sector. The company's product portfolio includes horizontal directional drilling rigs, diaphragm drilling rigs, rotary drilling rigs, and related spare parts, catering to infrastructure projects such as metros, bridges, utilities, and urban construction.

The company has established a strong presence in key domestic markets including Gujarat, Maharashtra, and Haryana, while also exploring overseas expansion opportunities to diversify its revenue streams.

Strong Financial Performance

Apollo Techno Industries has demonstrated impressive financial growth, with revenue rising 44.00% to ₹99.66 crore and profit after tax surging to ₹13.79 crore. The company's return ratios reflect strong operational efficiency, with return on equity (ROE) of nearly 75.00% and return on capital employed (ROCE) of about 31.00%.

Use of IPO Proceeds

The company plans to utilize the majority of the IPO proceeds towards meeting working capital requirements. Management believes this capital infusion will support order execution capabilities and sustain the current growth momentum in the expanding infrastructure sector.

Apollo Techno Industries IPO allotment is expected to be finalised today, December 29, following remarkable investor interest that saw the issue oversubscribed by more than 47 times. The BSE SME offering, which concluded on December 26, demonstrated exceptional market appetite with applications received for over 12.44 crore shares against the total offering of 26.39 lakh shares.

Subscription Performance Across Categories

The IPO witnessed strong participation across all investor segments during its three-day bidding period from December 23-26. The subscription details reflect robust institutional and retail interest in the manufacturing and technology company.

Allotment Status Check Process

Investors who participated in the IPO can verify their allotment status through two official channels: BSE and the issue registrar MUFG Intime India Pvt. Ltd.

BSE Allotment Check Steps:

• Access the BSE IPO allotment page
• Select "Equity" as the issue type
• Choose "Apollo Techno Industries" from the dropdown menu
• Enter application number or PAN details
• Complete captcha verification and click "Search"

MUFG Intime India Check Steps:

• Visit the MUFG Intime India IPO allotment page
• Select "Apollo Techno Industries" from company dropdown
• Choose identification method (PAN, Application Number, or DP ID/Client ID)
• Enter corresponding details and submit

Grey Market Premium and Listing Expectations

The grey market premium for Apollo Techno Industries shares stood at ₹12.00 per share as of December 29, according to market sources. Based on the upper price band limit of ₹130.00, this indicates an estimated listing price of ₹142.00, representing a potential premium of 9.23% per share.

Issue Structure and Key Details

Apollo Techno Industries, incorporated in 2016, operates primarily in manufacturing and technology sectors. The company's public offering comprised entirely fresh equity issuance worth ₹47.96 crore.

The successful completion of this oversubscribed IPO reflects strong investor confidence in the BSE SME segment and Apollo Techno Industries' business prospects in the manufacturing and technology space.