Apsis Aerocom IPO Details

Bookbuilding IPO | ₹36 Cr | Listed at NSE SME | Wed, Mar 11, 2026 - Fri, Mar 13, 2026

Apsis Aerocom IPO Logo

Apsis Aerocom IPO is a book build issue of ₹35.77 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹35.77 crore.

Apsis Aerocom IPO bidding started from Mar 11, 2026 and ended on Mar 13, 2026. The allotment for Apsis Aerocom IPO was finalized on Mar 16, 2026. The shares got listed on the NSE SME on Mar 18, 2026.

Apsis Aerocom IPO is set final issue price at ₹110 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,64,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,96,000.

Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Basan Equity Broking Ltd..

Refer to Apsis Aerocom IPO RHP for detailed Information.

IPO Open

Wed, Mar 11, 2026

IPO Close

Fri, Mar 13, 2026

Issue Price

₹110 per share

Market Cap (Pre-IPO)

₹132.57 Cr

IPO Details

IPO Date11 to 13 Mar, 2026
Listed onWed, Mar 18, 2026
Face Value10 per share
Price Band₹104 to ₹110
Issue Price₹110 per share
Lot Size1,200 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtNSE SME

Total Issue Size32,52,000 shares
(agg. up to ₹36 Cr)
Reserved for Market Maker
1,65,600 shares
(agg. up to ₹2 Cr)
Basan Equity Broking Ltd.
Fresh Issue
(Ex Market Maker)
30,86,400 shares
(agg. up to ₹34 Cr)
Net Offered to Public30,86,400 shares
(agg. up to ₹34 Cr)
Share Holding Pre Issue87,99,921 shares
Share Holding Post Issue1,20,51,921 shares
NSE Symbol APSISAERO
ISININE1OOJ01011

IPO Timetable

Issue Reservation

Apsis Aerocom IPO comprises a total issue size of 32,52,000 shares. The net offer to the public is 30,86,400 shares, after excluding 1,65,600 shares allotted on a firm basis. Of the Net offer 15,39,600 (49.88%) are allocated to QIB, 4,64,400 (15.05%) allocated to NII 10,82,400 (35.07%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 15,39,60049.88%47.34%
  − Anchor Investor Shares Offered 9,15,60028.15%
  − QIB (Ex. Anchor) Shares Offered 6,24,00019.19%
NII (HNI) Shares Offered 4,64,40015.05%14.28%
  − bNII > ₹10L 3,09,6009.52%
  − sNII < ₹10L 1,54,8004.76%
Retail Shares Offered 10,82,40035.07%33.28%
Firm Reservations
Market Maker Shares Offered 1,65,6005.09%
Total Shares Offered 32,52,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 2,400 ₹2,64,000
Individual investors (Retail) (Max) 2 2,400 ₹2,64,000
S-HNI (Min) 3 3,600 ₹3,96,000
S-HNI (Max) 7 8,400 ₹9,24,000
B-HNI (Min) 8 9,600 ₹10,56,000
IPO Subscription Details

IPO Anchor Investors

Apsis Aerocom IPO raises ₹10.07 crore from anchor investors. Apsis Aerocom IPO Anchor bid date is March 10, 2026.
📝 Anchor Investors Letter (PDF)

Bid DateTue, Mar 10, 2026
Shares Offered9,15,600
Anchor Portion (₹ Cr.)10.07
Anchor lock-in period end date for 50% shares (30 Days)Wed, Apr 15, 2026
Anchor lock-in period end date for remaining shares (90 Days)Sun, Jun 14, 2026

About Apsis Aerocom Ltd.

Incorporated in 2022, APSIS Aerocom Limited is engaged in precision engineering, specialising in the manufacture of components and related services for the aerospace, defence, and healthcare industries.

The company operates a manufacturing facility in Peenya Industrial Area, Bangalore, divided into Shed 1 (eastern portion) and Shed 2 (western portion), equipped with CNC machines capable of handling parts up to 1,200 mm in length. The facility supports CAD/CAM-based design, process development, and precision machining, enabling end-to-end production as per client-supplied designs and specifications.

APSIS Aerocom Limited’s products cater to complex systems in aerospace, defence, and healthcare, offering solutions that include machined components, surface finishing, assembly, quality control, and final inspection.

The company has established a domestic presence in Karnataka, Telangana, and Maharashtra, and an international footprint in the USA, Netherlands, Spain, and Israel.

As of September 30, 2025, the company employs 105 personnel, including promoters, and provides end-to-end manufacturing capabilities from client-provided drawings to final product delivery for both domestic and global customers.

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets23.5618.4611.937.22
Total Income13.7020.5716.8810.41
Profit After Tax3.126.642.551.03
EBITDA4.7810.204.101.93
NET Worth13.6910.573.931.37
Reserves and Surplus4.899.592.950.40
Total Borrowing2.332.841.322.07
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding Capital Expenditure towards purchase of Machinery; and 27.02
2 General Corporate Purposes. 3.91
Total 30.94

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE25.75%91.60%
ROCE25.62%65.76%
RoNW22.81%62.82%
PAT Margin22.88%32.39%
EBITDA Margin34.99%49.80%
Price to Book Value7.079.16
Pre IPOPost IPO
EPS (₹)7.545.51
P/E (x)14.5819.97
Promoter Holding100%73.02%
Market Cap132.57 Cr.
Basavaraju Kanakatte Shivakumar, Vinod Kumar Mariyappan, and Mihir Kumar Pradhan are the company promoters.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
AAL is engaged in the field of precision engineering having prime focus on manufacturing components for aerospace, defence, healthcare industries. The company has marked growth in its top and bottom lines for the reported periods. The sudden surge in bottom lines from FY25 onwards raise eyebrows and concern over its sustainability going forward. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park moderate funds for medium to long term.
Read detail review...

Apsis Aerocom IPO Recommendations

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IPO Subscription Status

The Apsis Aerocom IPO is subscribed 129.33 times on March 13, 2026 6:54:59 PM (Day 3). The public issue subscribed 100.24 times in the individual investors category, 99.96 times in the QIB category, and 236.61 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (x) Shares Offered Shares bid for Total Applications
QIB (Ex Anchor)99.966,24,0006,23,74,80074
NII* 236.614,64,40010,98,81,6000
    bNII (> ₹10L)294.173,09,6009,10,76,400
    sNII (< ₹10L)121.481,54,8001,88,05,200
Individual Investor100.2410,82,40010,84,96,80045,207
Total129.3321,70,80028,07,53,20059,345

Total Applications: 59,345

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees payable to the BRLM (inclusive underwriting commission) 2.52
2 Brokerage, selling commission and upload fees 0.02
3 Fees Payable to the Registrar to the Issue 0.01
4 Fees Payable for Advertising and Publishing Expenses 0.05
5 Fees Payable to the Regulators including Stock Exchanges 0.04
6 Payment for Printing, Stationery, Distribution and Postage 0.01
7 Fees Legal Advisors 0.07
8 Others, if any (fees payable for marketing, out of pocket expense depositories, miscellaneous expenses etc.) 2.11
Total 4.84

Listing Day Trading Information

Price DetailsNSE SME
Final Issue Price110.00
Open153.00
Low147.20
High160.65
Last Trade160.65

Check IPO Performance…

IPO Registrar

Integrated Registry Management Services Pvt.Ltd.

Contact Details

Apsis Aerocom Ltd. Address
Plot No.392/1,
10th Cross Road
IV Phase Peenya Industrial Area
Bengaluru, Karnataka, 560058
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IPO FAQs

Apsis Aerocom IPO is a SME IPO of 32,52,000 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.

The IPO opens on Wed, Mar 11, 2026, and closes on Fri, Mar 13, 2026.

Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Apsis Aerocom IPO using UPI as a payment gateway. Zerodha customers can apply in Apsis Aerocom IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Apsis Aerocom IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Apsis Aerocom IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Apsis Aerocom IPO opens on Wed, Mar 11, 2026 and closes on Fri, Mar 13, 2026.

Apsis Aerocom IPO lot size is 1200, and the minimum amount required for application is ₹2,64,000, with 2 lots being the minimum application size.

You can apply in Apsis Aerocom IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Apsis Aerocom IPO will be done on Monday, March 16, 2026, and the allotted shares will be credited to your demat account by Tue, Mar 17, 2026. Check the Apsis Aerocom IPO allotment status.

The Apsis Aerocom IPO listing date is on Wed, Mar 18, 2026.

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