Apollo Techno Industries Ltd IPO

About Apollo Techno Industries Ltd

The Company was originally incorporated as Apollotechno Industries Private Limited as a private limited company, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated April 26, 2016 issued by Deputy Registrar of Companies, Central Registration Centre having Corporate Identification Number U29100GJ2016PTC091682. The name of the company was changed to Apollo Techno Industries Private Limited. Consequent upon change of name a fresh Certificate of Incorporation dated December 19, 2024 was issued by Registrar of Companies, Central Processing Centre. Subsequently, the Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company held on December 19, 2024 and consequently the name of the Company was changed to Apollo Techno Industries Limited pursuant to fresh certificate of incorporation dated December 27, 2024 issued to the Company by the Registrar of Companies, Central Processing Centre having Corporate Identification Number U29100GJ2016PLC091682.

The global economy started to rise from its lowest levels after countries started to lift the lockdown in 2020 and 2021. The lockdown was a key factor as it affected economic activities resulting in a recession in the year CY 2020, as the GDP growth touched -3.3%. In CY 2021 disruption in the supply chain affected most of the advanced economies as well as low-income developing economies. The rapid spread of Delta and the threat of new variants in mid of CY 2021 further increased uncertainty in the global economic environment. Global economic activities experienced a sharper-than-expected slowdown in CY 2022. One of the highest inflations in decades, seen in 2022, which forced most of the central banks to tighten their fiscal policies. Russia's invasion of Ukraine affected the global food supply resulting in a further increment in the cost of living. Further, despite initial resilience earlier in 2023, marked by a rebound in reopening and progress in curbing inflation from the previous year's highs, the situation remained precarious. Economic activity lagged its pre-pandemic trajectory, particularly in emerging markets and developing economies, leading to widening disparities among regions. Numerous factors are impeding the recovery, including the lasting impacts of the pandemic and geopolitical tensions, as well as cyclically driven factors such as tightening monetary policies to combat inflation, the reduction of fiscal support amidst high debt levels, and the occurrence of extreme weather conditions. As a result, global growth declined from 3.3% in CY 2023 to 3.2% in CY 2024.

The Company is a manufacturer specializing in trenchless technology and foundation equipment for the construction industry. its product line-up includes Horizontal Directional Drilling (HDD) rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs and Spare parts. The Horizontal Directional Drilling rigs equipment is primarily utilized for the installation of essential utilities such as gas, water, sewer lines, optical fibre cables, and electrical conduits. Meanwhile, the Diaphragm Drilling Rig is designed for constructing foundations for deep basements, retaining walls in rail and metro stations, as well as developments along riverfronts. The Rotary Drilling Rig is employed for creating foundation piles necessary for high-rise buildings and bridges. The Company also provides warranties, on-site support and technical training to ensure its customers are wellequipped to utilize its machinery effectively.

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