Apollo Techno Industries Limited is a Mehsana-based manufacturing company engaged in the design, manufacturing, and supply of specialised construction equipment, primarily serving the trenchless technology and foundation engineering segments of the construction industry.
The company operates at the intersection of manufacturing and engineering technology, catering to infrastructure projects across India and select international markets.
Products:
- Horizontal Directional Drilling (HDD) Rigs: Used for trenchless installation of pipelines, cables, and utilities with minimal surface disturbance.
- Diaphragm Wall Drilling Rigs: Used for deep excavation, foundation support, metro, airport, and flood protection projects.
- Rotary Drilling Rigs: Used for piling and foundation works in bridges, highways, metro rail, and large construction projects.
- Spare Parts & Refurbishment Services: Supplies spare parts and refurbishes used machines to extend equipment life and support sustainability.
The company also provides refurbishment services for used machines, enhancing asset life and promoting sustainable operational practices. Its manufacturing operations are supported by SAP ERP systems, and the company is ISO 9001:2015 certified, reflecting its focus on quality management.
The company follows a customer-centric business approach, focusing on understanding client requirements, delivering reliable equipment, and offering after-sales support and technical assistance to build long-term customer relationships. Gujarat is the largest revenue-contributing state, accounting for approximately 34.52% of domestic sales, followed by Maharashtra and Haryana, indicating strong regional demand and market penetration.
As of June 30, 2025, Apollo Techno Industries Limited employed 154 personnel across manufacturing, engineering, operations, and administrative functions.
Apollo Techno Industries IPO – Details
| IPO Opening Date | 23 December 2025 |
| IPO Closing Date | 26 December 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 36,89,000 Shares Worth ₹48.00 Crore Fresh Issue: 36,89,000 Shares Worth ₹48.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹123 – ₹130 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Apollo Techno Industries IPO – Date Schedule
| IPO Open Date | 23 December 2025 |
| IPO Close Date | 26 December 2025 |
| Basis of Allotment | 29 December 2025 |
| Initiation of Refund | 30 December 2025 |
| Credit of Shares to Demat | 30 December 2025 |
| IPO Listing Date | 31 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2025 |
Apollo Techno Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,60,000 |
| Retail (Max) | 2 | 2,000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,40,000 |
Competitive Strength
- 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 Promoters
- Mr. Parth Rashmikant Patel
- Mr. Rashmikant Haribhai Patel
- Mrs. Manjulaben Rashmikant Patel
- Parth Patel (HUF)
- Rashmikant Haribhai Patel HUF
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹72.57 Cr | ₹71.40 Cr | ₹0.90 Cr | ₹43.97 Cr |
| 31 March 2024 | ₹69.28 Cr | ₹64.67 Cr | ₹3.23 Cr | ₹43.29 Cr |
| 31 March 2025 | ₹99.66 Cr | ₹84.85 Cr | ₹13.79 Cr | ₹31.75 Cr |
| 30 June 2025 | ₹24.67 Cr | ₹23.25 Cr | ₹1.08 Cr | ₹30.57 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 74.75% |
| ROCE | 30.98% |
| Debt/Equity | 3.74 |
| RoNW | 54.45% |
| PAT Margin | 13.84% |
| EBITDA Margin | 18.31% |
| Price to Book Value | 11.27 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.79 | 3.16 |
| P/E (x) | 9.43 | 41.16 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To Meet Working Capital Requirements. | ₹38.50 |
| General corporate purposes. | – |
✅Strengths
- Strong expertise in customised SPMs & automation, catering to diverse engineering industries.
- End-to-end in-house capabilities covering design, manufacturing, testing, and installation.
- 100% capacity utilization in FY 2024–25, reflecting robust demand and operational efficiency.
- Diversified product portfolio including bar solutions, grinding, super finishing, and robotic automation systems.
- Experienced promoters and technical team with long-standing industry presence.
- Export capabilities, enabling access to international markets.
⚠️Risks
- High dependence on customized orders, which may lead to variability in revenues.
- Customer concentration risk, as a significant portion of revenue is derived from limited clients.
- Cyclicality of end-user industries such as steel and automobiles may impact order inflow.
- Execution risk due to the complexity and time-bound nature of customized projects.
- Dependence on skilled manpower, with any attrition potentially affecting operations.
- Working capital intensity, common in project-based engineering businesses.
Apollo Techno Industries IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Apollo Techno Industries IPO Prospectus
Company Contact Information
| Apollo Techno Industries Ltd. 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 IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: apollotechno.smeipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Apollo Techno Industries IPO Lead Manager(s)
| . Beeline Capital Advisors Pvt.Ltd. |
Apollo Techno Industries IPO FAQ
| What is Apollo Techno Industries’ IPO? Apollo Techno Industries IPO is an SME IPO. The issue is priced at ₹123 – ₹130 per equity share. The IPO is to be listed on BSE SME. |
| When will Apollo Techno Industries IPO open? The IPO is to open on 23 December 2025 for QIB, NII, and Retail Investors. |
| What is Apollo Techno Industries’ IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Apollo Techno Industries IPO Size? Apollo Techno Industries’ IPO size is ₹48.00 Crore. |
| What are the Apollo Techno Industries IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,60,000, while the maximum bid is 2000 Shares for ₹2,60,000. |
| What is the Apollo Techno Industries IPO Allotment Date? Apollo Techno Industries IPO allotment date is 29 December 2025. |
| What is the Apollo Techno Industries IPO Listing Date? Apollo Techno Industries IPO listing date is 31 December 2025. The IPO is to be listed on the BSE SME. |
