Apollo Techno Industries IPO: GMP, Price Band, Review & Subscription Details
26 December 2025 ·
A detailed review of Apollo Techno Industries IPO, covering business overview, financial performance, GMP trends, and investment considerations
Introduction to Apollo Techno Industries IPO
Apollo Techno Industries IPO is drawing investor attention as a BSE SME listing in the infrastructure equipment manufacturing space. The company operates in specialized construction technology segments such as trenchless technology, drilling rigs, and foundation equipment, catering to infrastructure projects across India.
With India’s continued focus on infrastructure development, metro rail projects, highways, and urban utilities, companies operating in this niche segment stand to benefit. This article provides a comprehensive overview of Apollo Techno Industries IPO details, including price band, GMP today, subscription status, financials, and a detailed IPO review to help investors make an informed decision.
Apollo Techno Industries IPO Key Details
| Parameter | Details |
|---|---|
| IPO Opening Date | 23 December 2025 |
| IPO Closing Date | 26 December 2025 |
| Issue Type | Bookbuilding IPO |
| Listing Platform | BSE SME |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹130 per share |
| Issue Size | ₹47.96 crore |
| Fresh Issue | 36,89,000 shares |
| Market Maker Reservation | 1,85,000 shares |
| Net Offer to Public | 35,04,000 shares |
Apollo Techno Industries IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Tuesday, 23 December 2025 |
| IPO Closes | Friday, 26 December 2025 |
| Allotment Finalisation | Monday, 29 December 2025 |
| Refund Initiation | Tuesday, 30 December 2025 |
| Credit of Shares | Tuesday, 30 December 2025 |
| Listing Date | Wednesday, 31 December 2025 |
Apollo Techno Industries IPO Lot Size and Investment Amount
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 2 | 2,000 | 2,60,000 |
| Retail (Maximum) | 2 | 2,000 | 2,60,000 |
| S-HNI (Minimum) | 3 | 3,000 | 3,90,000 |
| S-HNI (Maximum) | 7 | 7,000 | 9,10,000 |
| B-HNI (Minimum) | 8 | 8,000 | 10,40,000 |
About Apollo Techno Industries Limited
Incorporated in 2016, Apollo Techno Industries Limited operates in the manufacturing and technology segments catering to the construction and infrastructure sector. The company focuses on advanced trenchless and foundation drilling technologies that are increasingly required for modern infrastructure development.
The company has developed in-house design and engineering capabilities, allowing it to offer customized solutions and refurbishment services to its clients. As of June 30, 2025, Apollo Techno Industries employed 154 people across design, engineering, manufacturing, and operations.
Products and Business Operations
Apollo Techno Industries offers a diversified product portfolio focused on specialized construction equipment.
Horizontal Directional Drilling (HDD):
Used for installing pipelines, cables, and utilities with minimal surface disruption. HDD technology is widely adopted in urban infrastructure projects.
Diaphragm Drilling Rigs:
Used for constructing diaphragm walls that provide structural support, deep excavation, and flood protection.
Rotary Drilling Rigs:
Used in piling operations for large infrastructure projects such as metros, bridges, and high-rise construction.
The company also supplies spare parts and provides refurbishment services, creating recurring revenue opportunities.
Industry Overview and Growth Outlook
India’s infrastructure sector is witnessing sustained growth driven by government spending on transportation, urban development, water management, and energy projects. The adoption of trenchless and advanced drilling technologies is increasing due to environmental considerations and urban density.
Companies like Apollo Techno Industries, operating in niche equipment manufacturing, are well-positioned to benefit from this structural growth trend.
Competitive Strengths of Apollo Techno Industries
Apollo Techno Industries has built several competitive advantages over the years.
Focus on quality and customer service
Strong customer-centric approach leading to repeat business
Experienced promoters and management team
In-house engineering and design capabilities
Strong regional presence, with Gujarat contributing over 34% of domestic sales
These strengths support scalability and long-term growth.
Apollo Techno Industries IPO Objectives
Since the IPO is entirely a fresh issue, the company is expected to utilize the proceeds for:
Funding working capital requirements
Capital expenditure for expansion
Strengthening operational capabilities
General corporate purposes
These objectives align with the company’s growth strategy in domestic and international markets.
Apollo Techno Industries Financial Performance
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| 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 |
| Total Borrowing | 30.57 | 31.75 | 43.29 | 43.97 |
Apollo Techno Industries IPO GMP Today
Apollo Techno Industries IPO GMP today reflects grey market sentiment ahead of listing. GMP is an unofficial indicator and fluctuates based on demand, market conditions, and overall investor sentiment.
Investors should use GMP only as a supplementary indicator and not as the sole basis for investment decisions.
Apollo Techno Industries IPO Subscription Status
Apollo Techno Industries IPO subscription status will be updated daily during the bidding period. Subscription trends across retail, HNI, and institutional categories offer insights into demand and market confidence.
Strong subscription levels generally indicate positive listing expectations, though they do not guarantee post-listing performance.
Apollo Techno Industries IPO Review
From a fundamental perspective, Apollo Techno Industries IPO presents a mix of growth opportunities and risks.
Positives include strong financial growth, niche product offerings, and exposure to infrastructure spending. However, investors should also consider SME liquidity risks, higher ticket size, and dependence on infrastructure project cycles.
Key Risks to Consider
SME IPOs have lower liquidity post-listing
Revenue concentration in infrastructure projects
Cyclical nature of construction equipment demand
Working capital-intensive business
Risk assessment is crucial before investing in SME IPOs.
Should You Invest in Apollo Techno Industries IPO
Apollo Techno Industries IPO may suit investors with a higher risk appetite who are comfortable with SME listings and long-term holding. Investors seeking short-term listing gains should closely monitor GMP trends and subscription data.
Long-term investors should evaluate business scalability, order book visibility, and execution capabilities.
Frequently Asked Questions (FAQs)
What is the Apollo Techno Industries IPO price band?
The price band is set at ₹123 to ₹130 per share.
Where will Apollo Techno Industries IPO be listed?
The IPO will be listed on BSE SME.
Is Apollo Techno Industries IPO a fresh issue?
Yes, the IPO is entirely a fresh issue.
What is the minimum investment for retail investors?
The minimum investment is ₹2,60,000 at the upper price band.
Conclusion
Apollo Techno Industries IPO offers investors exposure to a niche construction equipment manufacturer aligned with India’s infrastructure growth story. While the company has demonstrated strong financial improvement and operational capabilities, SME IPO risks should not be overlooked.
Investors should carefully analyze their risk profile, investment horizon, and overall market conditions before subscribing. Ultra aims to provide clear, unbiased IPO insights to help investors make informed decisions in both listed and unlisted market opportunities.