Apollo Techno Industries
December 23, 2025 – December 26, 2025
| Price | ₹123 - ₹130 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1000 |
| Issue size | ₹47.96 cr |
| Allotment | Dec 29, 2025 |
| Listing | Dec 31, 2025 |
Apollo Techno Industries Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2000 | 260000 | 614 |
| sHNI | 3 | 3000 | 390000 | 58 |
| bHNI | 8 | 8000 | 1040000 | 117 |
Apollo Techno Industries Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 1050000 | 28.46% |
| QIB | 700000 | 18.98% |
| HNI | 526000 | 14.26% |
| INDIVIDUAL | 1228000 | 33.29% |
| Market Maker | 185000 | 5.01% |
| Total | 3689000 | 100% |
Apollo Techno Industries About
IPO Details
| Total Issue Size | 36,89,000 shares (aggregating up to ₹47.96 Cr) |
| Fresh Issue | 36,89,000 shares (aggregating up to ₹47.96 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,89,000 shares |
| Reserved for Market Maker | 1,85,000 shares (aggregating up to ₹2.41 Cr) |
| Market Maker | Spread X Securities Pvt.Ltd. |
Key Performance Indicators (KPI)
| KPI | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE | 4.18% | 74.75% | 32.68% | 11.96% |
| ROCE | 3.30% | 30.98% | 12.29% | 3.76% |
| EPS (BASIC) | 1.08 | 13.79 | 3.23 | 0.9 |
| P/E Pre IPO | 9.43 | |||
| P/E Post IPO | 41.16 |
Company Financial (In ₹Crore)
| Period Ended | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| 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 | 0.9 |
| 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 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Apollo Techo Indutries Limited | 9.43 | 130.00 | 10.00 |
| Eimco Elecon (India) Limited | 22.06 | 1870.10 | 10.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Apollo Techo Indutries Limited | 25.32 | 54.45 | 13.79 |
| Eimco Elecon (India) Limited | 748.81 | 11.32 | 84.78 |
About Company
Incorporated in 2016, Apollo Techno Industries Limited operates in the manufacturing and technology space, catering primarily to the construction and infrastructure sector.
Business Focus
The company specialises in trenchless technology and foundation equipment, offering advanced solutions for complex construction requirements.
Product Portfolio
Apollo Techno Industries manufactures and supplies:
- Horizontal Directional Drilling (HDD) rigs for underground installation of pipes, cables, and utilities with minimal surface disruption
- Diaphragm Drilling Rigs used for deep excavation, structural support, and flood protection
- Rotary Drilling Rigs for piling applications in infrastructure projects such as metros, bridges, and large construction developments
- Spare parts and refurbishment solutions
Strength
Strong Policy Support for Infrastructure Growth: Large-scale government initiatives such as metro rail projects, ports, industrial corridors, and freight corridors, supported by ~USD 1.4 trillion infrastructure investment, are driving sustained demand for construction and foundation equipment.
Rising Adoption of Advanced Construction Technologies: Growing awareness among construction companies about productivity and efficiency is increasing the demand for modern foundation and trenchless equipment, making these technologies essential for the industry.
Favourable Domestic Demand Environment: Rapid urbanisation, population growth, and rising demand for infrastructure, affordable housing, and smart buildings continue to support long-term growth in the heavy construction equipment market.
Weakness
Cyclical Nature of Equipment Demand: Demand for construction equipment is cyclical, with alternating phases of growth and slowdown, which can impact order flows and revenues.
Policy and Economic Slowdowns: Policy delays or sluggish economic conditions may reduce infrastructure activity, negatively affecting demand for construction equipment.
Seasonal Impact of Monsoons: Monsoon seasons in certain regions can temporarily disrupt construction activity, leading to short-term declines in equipment demand.
Apollo Techno Industries Lead Manager(s)
Apollo Techno Industries Address
Survey No. 60,
Ahmedabad - Mehsana Highway,
Mandali,
Mehsana, Gujarat, 384455
Phone: +91 9875170439
Email: cs@apollotechno.com
Website: http://www.apollotechno.com/
Apollo Techno Industries Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083
Apollo Techno Industries Reviewers
| Reviewer | Recommendation | File |
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