Apsis Aerocom IPO
Apsis Aerocom Limited · Precision Engineering (Aerospace, Defence and Healthcare)
- Issue price
- ₹110per share
- Issue size
- ₹35.77 Cr32,52,000 shares
- Face value
- ₹10per equity share
- Lot size
- 2,400 sharesMin. ₹2.64 L at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 32,52,000 shares (₹35.77 Cr)
- Offer for sale
- None
- Total issue
- 32,52,000 shares (₹35.77 Cr)
- Market maker portion
- 1,65,600 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- Promoter holding
- 100.00% → 73.02%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail33.3%
- Anchor28.2%
- QIB ex-anchor19.2%
- Big NII9.5%
- Small NII4.8%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 10,82,400 | 35.07% | 35% |
| Non-institutional investors (NII) | 4,64,400 | 15.05% | 15% |
| Small NII (₹2–10 lakh) | 1,54,800 | 5.02% | — |
| Big NII (above ₹10 lakh) | 3,09,600 | 10.03% | — |
| Qualified institutional buyers (QIB) | 15,39,600 | 49.88% | 50% |
| QIB, excluding anchor | 6,24,000 | 20.22% | — |
| Anchor investors | 9,15,600 | 29.67% | — |
| Market maker | 1,65,600 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹110 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 2,400 | ₹2.64 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹7.54
- EPS (basic) (Weighted average)
- ₹4.93
- P/E (FY 2024-25 at floor price Rs 104)
- 13.79×
- P/E (FY 2024-25 at cap price Rs 110)
- 14.59×
- RoNW
- 62.82%
- NAV per share (After issue at floor price)
- ₹39.42
- NAV per share (After issue at cap price)
- ₹41.04
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Sep 20256 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 13.65 | 20.49 | 16.87 | 10.37 |
| Total income | 13.70 | 20.57 | 16.88 | 10.41 |
| EBITDA | 4.78 | 10.20 | 4.10 | 1.93 |
| Profit after tax | 3.12 | 6.64 | 2.55 | 1.03 |
| Net worth | 13.69 | 10.57 | 3.93 | 1.37 |
| Reserves and surplus | 4.89 | 9.59 | 2.95 | 0.40 |
| Total assets | 23.56 | 18.46 | 11.93 | 7.22 |
| Total borrowing | 2.33 | 2.84 | 1.32 | 2.07 |
FY 2024-25 vs FY 2023-24: revenue +21.5%, profit after tax +159.9%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company makes precision-machined metal components and related engineering services for the aerospace, defence and healthcare sectors, mostly to customer-supplied designs. It runs a CNC machining facility in Peenya, Bangalore, and is setting up a second manufacturing unit in Bengaluru.
- Incorporated
- 2022
- Industry
- Precision Engineering (Aerospace, Defence and Healthcare)
- CIN
- U29309KA2022PLC164926
- Website
- apsisaerocom.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Basavaraju Kanakatte Shivakumar | Promoter | 35.90% | 26.21% |
| Mihir Kumar Pradhan | Promoter | 35.90% | 26.21% |
| Vinod Kumar Mariyappan | Promoter | 27.92% | 20.39% |
| Promoter Group (4 individuals) | Promoter group | 0.28% | 0.21% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for purchase of machinery for the new manufacturing unit | 27.02 |
| General corporate purposes | 3.91 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Apsis Aerocom LimitedIssuer | ₹7.54 | 14.59× | 62.82% | ₹12.01 |
| Unimech Aerospace and Manufacturing Ltd | ₹4.02 | 225.90× | 3.65% | ₹102.87 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Serves niche aerospace, defence and healthcare customers with build-to-print and build-to-specification machining.
- Holds AS9100D and ISO 9001:2015 quality certifications.
- Revenue and profit grew strongly from FY 2022-23 to FY 2024-25.
- Plans to add a second unit with about 3,00,000 components per year of capacity.
Risks
- Top 10 customers made up about 98.7% of revenue for the six months ended September 30, 2025, so losing key customers would hurt results.
- Raw material supply relies on purchase orders without long-term contracts, creating supply and cost risk.
- Expansion depends on machinery purchases funded by this issue, and the new unit is not yet operational.
- Company is a small, recently listed entity with limited track record, and its shares may not trade actively after listing.
- Pending direct and indirect tax litigation against the company and promoters, totalling about Rs 13.98 lakh.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹110) appear here after the shares list on NSE Emerge.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Apsis Aerocom IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 11 March 2026 and closes on Friday, 13 March 2026.
What is the Apsis Aerocom IPO price band?
The final issue price is ₹110 per share.
What is the lot size of the Apsis Aerocom IPO?
One lot is 2,400 shares, which is ₹2.64 L at ₹110 per share.
Where will Apsis Aerocom shares list?
On NSE Emerge. The tentative listing date is Wednesday, 18 March 2026.
Who is the registrar of the issue?
Integrated Registry Management Services Private Limited (SEBI registration INR000000544). Allotment status is checked on the registrar's website.
How will the money raised be used?
₹27.02 Cr for capital expenditure for purchase of machinery for the new manufacturing unit, ₹3.91 Cr for general corporate purposes.
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