Comparison between Apsis Aerocom IPO and Novus Loyalty IPO.
Apsis Aerocom IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Novus Loyalty IPO is a SME Bookbuilding proposed to list at BSE SME.
| Apsis Aerocom IPO | Novus Loyalty IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Oneview Corporate Advisors Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Basan Equity Broking Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Apsis Aerocom IPO is up to ₹33.95 Cr whereas the issue size of the Novus Loyalty IPO is up to ₹56.79 Cr. The final issue price of Apsis Aerocom IPO is ₹110.00 per share and of Novus Loyalty IPO is ₹146.00 per share.
| Apsis Aerocom IPO | Novus Loyalty IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹104.00 per share | ₹139.00 per share |
| Issue Price (Upper) | ₹110.00 per share | ₹146.00 per share |
| Issue Price (Final) | ₹110.00 per share | ₹146.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 30,86,400 shares | 30,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹33.95 Cr | up to ₹44.82 Cr |
| OFS Issue Size | 0 shares | 8,20,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹11.97 Cr |
| Issue Size Total | 30,86,400 shares | 38,90,000 shares |
| Issue Size Total (Amount) | up to ₹33.95 Cr | up to ₹56.79 Cr |
Apsis Aerocom IPO opens on Mar 11, 2026, while Novus Loyalty IPO opens on Mar 17, 2026. The closing date of Apsis Aerocom IPO and Novus Loyalty IPO is Mar 13, 2026, and Mar 20, 2026, respectively.
| Apsis Aerocom IPO | Novus Loyalty IPO | |
|---|---|---|
| Anchor Bid Date | Mar 10, 2026 | Mar 16, 2026 |
| Issue Open | Mar 11, 2026 | Mar 17, 2026 |
| Issue Close | Mar 13, 2026 | Mar 20, 2026 |
| Basis Of Allotment (Tentative) | Mar 16, 2026 | Mar 23, 2026 |
| Initiation of Refunds (Tentative) | Mar 17, 2026 | Mar 24, 2026 |
| Credit of Share (Tentative) | Mar 17, 2026 | Mar 24, 2026 |
| Listing date (Tentative) | Mar 18, 2026 | Mar 25, 2026 |
| Anchor Lockin End date 1 | Apr 15, 2026 | Apr 22, 2026 |
| Anchor Lockin End date 2 | Jun 14, 2026 | Jun 21, 2026 |
Apsis Aerocom IPO P/E ratio is 14.58, as compared to Novus Loyalty IPO P/E ratio of 49.89.
| Apsis Aerocom IPO | Novus Loyalty IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 95.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.02 | 70.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.58 | 49.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹132.57 Cr. | ₹227.03 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 91.60 | 31.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 65.76 | 40.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.54 | ₹2.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 62.82 | 27.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Apsis Aerocom IPO Retail Individual Investors (RII) are offered 10,82,400 shares while in Novus Loyalty IPO retail investors are offered 10,82,400 shares. Qualified Institutional Buyers (QIB) are offered 6,24,000 shares in Apsis Aerocom IPO and 8,10,000 shares in Novus Loyalty IPO.
| Apsis Aerocom IPO | Novus Loyalty IPO | |
|---|---|---|
| Anchor Investor Reservation | 9,15,600 shares | 11,30,000 shares |
| Market Maker Reservation | 1,65,600 shares | 2,30,000 shares |
| QIB | 6,24,000 shares | 8,10,000 shares |
| NII | 4,64,400 shares | 5,86,000 shares |
| RII | 10,82,400 shares | 13,64,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 30,86,400 shares | 38,90,000 shares |
Apsis Aerocom IPO subscribed 90.96x in total, whereas Novus Loyalty IPO subscribed 1.10x.
| Apsis Aerocom IPO | Novus Loyalty IPO | |
|---|---|---|
| QIB (times) | 99.96x | 1.38x |
| NII (times) | 236.61x | 1.17x |
| Big NII (times) | 294.17x | 1.31x |
| Small NII (times) | 121.48x | 0.88x |
| RII (times) | 100.24x | 1.82x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 90.96x | 1.10x |
