New Delhi, 31 December (H.S.): Apollo Techno Industries, manufacturer of advanced construction equipment, electrified the BSE SME platform on Wednesday with a commanding 11.54 percent listing premium at 145 rupees against its 130-rupee IPO price, propelled by robust buying to 150.50 rupees by 11:30 a.m. and delivering investors a 15.77 percent first-day windfall amid fluid trading untouched by technical faults or halts.

The 47.96 crore rupee IPO, subscribed from 23-26 December, exploded with 50.63 times overall oversubscription—QIBs at 25.26 times, NIIs at 98 times, retail at 44.81 times—issuing 36,89,000 equity shares of 10 rupees face value for debt repayment, working capital, and corporate needs.

Financial Surge with Debt Discipline

SEBI's Draft Red Herring Prospectus chronicled profitability acceleration: net profit vaulted from 90 lakh rupees in FY23 to 3.23 crore in FY24 and 13.79 crore in FY25, with Q1 FY26 (April-June 2025) yielding 1.08 crore rupees. Revenue compounded above 44 percent CAGR to 99.66 crore rupees by FY25, hitting 24.67 crore in Q1 FY26, as debt moderated to 30.57 crore rupees by quarter-end.

Reserves and surplus swelled from 5.71 crore in FY23 to 9.07 crore in FY24, 15.32 crore in FY25, and 16.38 crore by Q1 FY26, evidencing unblemished growth trajectory.

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Hindusthan Samachar / Jun Sarkar