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Apollo Techno Industries IPO
Price Band
₹123.0–130.0
Issue Size
₹47.96 Cr
Lot Size
1,000 shares
Min Investment
₹260,000
2 LOTS MIN
GMP
+₹9.0 (6.92%)
Issue Price
₹130.0
Subject to Sauda
₹6800
Paid only if allotted
Apollo Techno Industries IPO AI Summary
- Apollo Techno Industries IPO is listed on BSE SME in the Industrial Products sector.
- Price band: ₹123.0–₹130.0 per share, lot size 1,000 shares (min. investment ₹260,000, 2 lots minimum).
- Subscription window: 23 Dec–26 Dec 2025, listing on 31 Dec 2025.
- Current GMP is +₹9.0 (6.92%), an estimated listing price of ₹139 — unofficial and can change daily.
Apollo Techno Industries Limited is set to enter the market with an IPO priced at ₹130. The company specializes in trenchless technology and foundation equipment, with a strong focus on quality and customer service. The IPO proceeds will support working capital, corporate purposes, and issue expenses.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Apollo Techno Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Apollo Techno Industries IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+6.92%
Est. Listing
₹139.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2016, Apollo Techno Industries Limited is a company that operates in the manufacturing and technology sectors. The company specializes in trenchless technology and foundation equipment for the construction industry, offering products like Horizontal Directional Drilling rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs, and spare parts. The company, with in-house design and engineering, offers quality products, refurbishment services, and sustainable solutions. Its design team consists of five members, supporting domestic and international growth. The company focuses on understanding customer needs, building long-term relationships, and expanding its market presence. Gujarat leads domestic sales with 34.52%, followed by Maharashtra and Haryana, driving customer growth. Products: Horizontal Directional Drilling: The company uses HDD technology for installing pipes, cables, and utilities with minimal environmental impact. Diaphragm Drilling: The company uses diaphragm walls for structural support, deep excavation, and flood protection in construction. Rotary Drilling Rigs: The company uses piling rigs for installing piles, supporting infrastructure projects like metro, bridges, and construction. As of June 30, 2025, the company had 154 Employees. Competitive Strengths: Focus on quality and customer service Strong Market Presence Driven by Customer-Centric Approach Experienced promoters and management team In-House Engineering and Design Capabilities Strong Market Presence Across Key Regions
Company Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 75.06 | 76.25 | 67.03 | 65.09 |
| Total Income | 24.67 | 99.66 | 69.28 | 72.57 |
| Profit After Tax | 1.08 | 13.79 | 3.23 | 0.90 |
| EBITDA | 2.07 | 18.15 | 7.65 | 2.97 |
| NET Worth | 26.38 | 25.32 | 11.57 | 8.21 |
| Reserves and Surplus | 16.38 | 15.32 | 9.07 | 5.71 |
| Total Borrowing | 30.57 | 31.75 | 43.29 | 43.97 |
Key Ratios
EPS
₹13.79
NAV
₹25.32
ROE
74.75%
ROCE
30.98%
RoNW
54.45%
P/B Value
11.27
P/E Ratio
9.43
Market Cap
₹177.96 Cr
PAT Margin
13.84%
Debt/Equity
3.74
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Eimco Elecon (india) Ltd. | 748.81 | 11.32% | 22.06 | 84.78 | 84.78 |
| Apollo Techno Industries Limited This IPO | 25.32 | 54.45% | — | 13.79 | 13.79 |
Promoters
Parth Rashmikant Patel, Rashmikant Haribhai Patel, Manjulaben Rashmikant Patel, Parth Patel (HUF) and Rashmikant Haribhai Patel (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Working Capital Requirements 38.50 2 General Corporate Purpose 3.52 3 Public Issue Expenses 5.93
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹72.57 Cr in the year ending 31 Mar 2023, increasing to ₹69.28 Cr by 31 Mar 2024, and further rising to ₹99.66 Cr in the year ending 31 Mar 2025. However, the most recent figure of ₹24.67 Cr as of 30 Jun 2025 is a 9-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit After Tax was ₹0.90 Cr in the year ending 31 Mar 2023, which increased to ₹3.23 Cr by 31 Mar 2024. This growth continued with a significant rise to ₹13.79 Cr in the year ending 31 Mar 2025. The most recent figure of ₹1.08 Cr as of 30 Jun 2025 is also a 9-month figure and not directly comparable to the full fiscal years.
Valuation
Apollo Techno Industries Limited has an EPS of ₹13.79 and is priced at an implied P/E ratio of 9.43 at the issue price. In comparison, peers like Eimco Elecon (India) Ltd. are trading at a P/E of 22.06.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics of the shares before they are officially listed on the stock exchange. A positive GMP indicates that the IPO may list at a premium to its issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals, market position, and growth potential before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and subject to market fluctuations.
IPO Timeline, Explained
The IPO will open for subscription on December 23, 2025, and close on December 26, 2025. Allotment of shares will be done by December 29, 2025, and the listing is expected to occur on December 31, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors including market conditions, investor sentiment, and the company's performance. While some investors may experience gains, others may face losses, making it essential to approach IPO investments with caution.
This evaluation is generated from Apollo Techno Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Apollo Techno Industries IPO GMP today?
Apollo Techno Industries IPO GMP today is +₹9.0 (6.92%), indicating an estimated listing price of ₹139. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Apollo Techno Industries IPO?
The price band of Apollo Techno Industries IPO is ₹123.0–₹130.0 per share.
When does Apollo Techno Industries IPO open and close?
Apollo Techno Industries IPO opens on 23 December 2025 and closes on 26 December 2025.
When does Apollo Techno Industries IPO list on the stock exchange?
Apollo Techno Industries IPO listed on 31 December 2025 at ₹139.0.
What is the lot size for Apollo Techno Industries IPO?
The lot size for Apollo Techno Industries IPO is 1000 shares, requiring a minimum investment of ₹260,000 (2 lots).
What is the lot size for this IPO?
The lot size for Apollo Techno Industries' IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹2,60,000.
What is the price band for the IPO?
The price band for the IPO is ₹123.0 to ₹130.0.
When is the listing date for this IPO?
The listing date for Apollo Techno Industries' IPO is December 31, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Dec 2025
Close
26 Dec 2025
Allotment
29 Dec 2025
Listing
31 Dec 2025
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