Apex Ecotech's IPO has generated an overwhelming response, with a subscription rate of 421 times. The company plans to raise Rs 25.54 crore by issuing 34.99 lakh equity shares priced between Rs 71 and Rs 73 per share.

Non-institutional investors subscribed 1,182.7 times their allotted quota, while retail investors subscribed 329.8 times. Qualified institutional buyers also showed strong interest, with their portion subscribed 136.4 times.

The funds raised will be used for working capital, general corporate purposes, and expenses related to the public issue. In contrast, Abha Power and Steel's IPO had a subscription rate of 17 times, highlighting the exceptional performance of Apex Ecotech in the SME market.