Apsis Aerocom is coming out with a book-built SME IPO worth around ₹35.77 crore, and the entire issue is a fresh issue. The company has fixed the face value at ₹10 per share, while the price band stands at ₹104 to ₹110 per share. Apsis Aerocom’s IPO subscription window runs from 11 to 13 March 2026. The tentative allotment date is 16 March 2026, and the shares are expected to debut on NSE Emerge on 18 March 2026.
The lot size is 1,200 shares, but the minimum application for an individual investor starts at 2 lots, which means 2,400 shares and an investment of ₹2,64,000 at the upper end of the price band. For sNII investors, the entry level begins at 3 lots or 3,600 shares, requiring ₹3,96,000. For bNII investors, the minimum bid starts at 8 lots or 9,600 shares, which takes the investment amount to ₹10,56,000.
Apsis Aerocom IPO Details
A quick look at the table below highlights the main IPO details.
| Particulars | Details |
| IPO Opens | 11 March 2026 |
| IPO Closes | 13 March 2026 |
| IPO Lot Size | 1,200 shares per lot |
| Face value | ₹10 per equity share |
| Price Band | ₹104 to ₹110 per share |
| Issue Price | – |
| Offer for Sale (OFS) | Nil |
| Fresh Issue | 32.52 lakh shares worth about ₹35.77 crore |
| Issue Type | Book Built SME IPO |
| Listing at | NSE Emerge |
| Total Issue | ₹35.77 crore |
| Minimum Investment | ₹2,64,000 at the upper price band for 2,400 shares (2 Lot) |
Timeline of the Apsis Aerocom IPO
The timeline below shows the main dates from bidding to listing:
| Particular | Date / time |
| Bidding opens | 11 March 2026 |
| Bidding closes | 13 March 2026 |
| Basis of allotment | 16 March 2026 |
| Refunds begin (if applicable) | 17 March 2026 |
| Shares credited to the demat | 17 March 2026. |
| Listing on NSE Emerge | 18 March 2026 |
| UPI mandate approval deadline | 5:00 p.m. on the IPO closing date |
Apsis Aerocom Key Performance Indicator
Below is a snapshot of the company’s important financial ratios:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | 75 | 65.05 | 63.26 |
| ROCE(%) | 42.18 | 64.04 | 65.76 |
| Debt Equity (times) | 1.52x | 0.34x | 0.27x |
| RoNW (%) | 74.99 | 64.92 | 62.85 |
| PAT Margin (%) | 9.84 | 15.10 | 32.36 |
| EBITDA margin(%) | 18.80 | 24.69 | 50.02 |
Apsis Aerocom Financials
Below is a quick summary of the company’s financial performance:
| Particulars (₹ crore) | 2023 | 2024 | 2025 |
| Revenue | 10.37 | 16.87 | 20.49 |
| Total Asset | 7.22 | 11.93 | 18.46 |
| Profit | 1.03 | 2.55 | 6.64 |
Apsis Aerocom IPO Subscription Status
*Subscription data not released yet.
The subscription figures will be updated once the bidding window officially opens.
You can apply within 10:00 AM and 5:00 PM on every issue day.
Apsis Aerocom IPO Grey Market Premium (GMP Today)
The Apsis Aerocom IPO GMP today is around ₹0, which suggests flat grey market sentiment ahead of the issue. Based on the upper price band of ₹110, the estimated listing price works out to about ₹110, implying no indicated listing gain at the moment
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 9 March 2026 | ₹0 | ₹110 | 0% | – |
| 7 March 2026 | ₹0 | ₹110 | 0% | – |
| 6 March 2026 | ₹0 | ₹110 | 0% | – |
| 5 March 2026 | ₹0 | ₹110 | 0% | – |
Note: GMP values come from the unofficial grey market and can change quickly based on demand, subscription levels, and overall market sentiment. They are only an indicator and should not be treated as a confirmed listing outcome.
Apsis Aerocom IPO Reservation
Shares are allocated across investor categories as follows:
| Category | Shares offered |
| Market Maker shares offered | 1,65,600 |
| QIB shares offered (total) | 15,39,600 |
| NII (HNI) shares offered | 4,64,400 |
| Retail shares offered | 10,82,400 |
| Total shares offered | 32,52,000 |
Lot Size of the Apsis Aerocom IPO
Here is a category-wise view of the approved bid quantities in lots-
| Investor Type | Lots | Shares | Amount (at ₹110) |
| Individual Investors – Retail (Minimum) | 2 | 2,400 | ₹2,64,000 |
| Individual Investors – Retail (Maximum) | 2 | 2,400 | ₹2,64,000 |
| S-HNI (Minimum) | 3 | 3,600 | ₹3,96,000 |
| S-HNI (Maximum) | 7 | 8,400 | ₹9,24,000 |
| B-HNI (Minimum) | 8 | 9,600 | ₹10,56,000 |
Anchor Investors in the Apsis Aerocom IPO
The table below summarises the anchor allocation for this issue-
| Particulars | Details |
| Anchor Bidding Date | 10 March 2026 |
| Shares Offered | 9,15,600 |
| Portion Size | Up to ₹10.07 crore |
| 30 Days Lock-in for 50% shares | 9 April 2026 |
| 90 Days Lock-in for remaining shares | 8 June 2026 |
Apsis Aerocom IPO Prospectus
For a deeper analysis, check the offer documents listed below:
About Apsis Aerocom
The current company was incorporated in 2022, but its roots go back to the partnership firm Apsis Latitude in January 2012. It is led by Managing Director Basavaraju Kanakatte Shivakumar and operates as an independent precision engineering company. It serves the aerospace, defence, and healthcare sectors through services such as precision machining, engineering support, mechanical assembly, surface treatment, inspection, and end-to-end manufacturing solutions.
| Particular | Name |
| Book running lead manager | Oneview Corporate Advisors Private Limited |
| Registrar of the issue | Integrated Registry Management Services Private Limited |
Objectives of the Apsis Aerocom IPO
| Particulars | Amount (in ₹ Cr) |
| Funding capital expenditure for the purchase of machinery | ~₹27.02 crore |
| General corporate purposes | – |
Strength Of Apsis Aerocom
- The business sits in a niche space: Apsis makes precision-engineered components for aerospace, defence, and healthcare, and highlights AS9100D and ISO 9001:2015 quality systems. It also offers end-to-end capabilities from process development and machining to inspection and delivery, which is a positive in specialised manufacturing.
- Recent financial growth looks strong: FY25 total income rose to about ₹20.57 crore from ₹16.88 crore in FY24, while PAT increased to about ₹6.64 crore from ₹2.55 crore. Debt is not high on paper either, with debt-to-equity around 0.27xin FY25.
- Promoters still keep a big stake after listing: Promoter holding is expected to fall from 100% to 73.02%, so they still remain heavily invested after the IPO.
Risk of Apsis Aerocom
- Customer concentration: A meaningful share of revenue comes from a few clients, and does not have firm commitment agreements with customers. If a key customer cuts orders, earnings could wobble quickly.
- Operations are concentrated: The business runs from its manufacturing facility in Peenya, Bengaluru, flagging operational disruption / single-facility risk. For a small manufacturer, even one serious disruption can hurt deliveries and margins.
- Regulatory and certification risk: Aerospace and defence machining needs strict compliance and precision. Any issue around certifications, quality rejection, or delivery delays can damage customer trust and future orders.
Apsis Aerocom IPO Review
Apsis Aerocom is a Bengaluru-based precision engineering company that serves the aerospace, defence, and healthcare sectors. Overall, the IPO reflects a company with improving financial performance, a sector-specific business model, and plans to expand capacity through fresh capital. As with any SME IPO, market participants may assess both the growth indicators and the associated business and listing-related risks before drawing conclusions.
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Apsis Aerocom IPO FAQs
It is a book-built SME share sale from a precision engineering company serving aerospace and defence-related segments. The issue is priced at ₹104 to ₹110 per share, with bidding scheduled from 11 March 2026 to 13 March 2026.
You can place a bid online through your broker or bank using the ASBA or UPI route during the subscription window of 11 March 2026 to 13 March 2026. You will need a demat account, and the application has to be made in the prescribed lot size for this SME issue.
Apsis Aerocom has reported stronger recent revenue and profit, but it is also an SME IPO with a high minimum application amount of ₹2,64,000 and the usual listing and liquidity considerations associated with that segment.
No fixed outcome can be assumed at this stage. The issue is priced at ₹104 to ₹110 per share for 11 to 13 March 2026, and any gain or loss will become clear only after listing.
The Apsis Aerocom IPO is scheduled to open on 11 March 2026.
The lot size of the Apsis Aerocom IPO is 1,200 shares.
The tentative allotment date for the Apsis Aerocom IPO is 16 March 2026.
The tentative listing date for the Apsis Aerocom IPO is 18 March 2026. The issue is expected to list on NSE SME / NSE Emerge.
