Apsis Aerocom IPO will open for subscription on March 11, 2026 and close on March 13, 2026. The company plans to raise approximately ₹35.77 crores through a book build issue. The IPO consists entirely of a fresh issue worth ₹35.77 crores with a face value of ₹10 per equity share.
The price band for the IPO is fixed at ₹104 to ₹110 per share. The investor quota is divided as 50% for QIB, 15% for HNI/NII, and 35% for retail investors. The allotment for the IPO is expected to be finalized on March 16, 2026, and the shares are scheduled to list on the NSE SME platform on March 18, 2026.
The company reported revenue of ₹20.57 crores in FY2025 compared to ₹16.88 crores in FY2024. Profit after tax increased significantly to ₹6.64 crores in FY2025 from ₹2.55 crores in FY2024, reflecting strong operational growth.
Contents
Apsis Aerocom IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | March 11, 2026 |
| IPO Close Date | March 13, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹104 to ₹110 Per Share |
| Issue Size | Approx ₹35.77 Crores |
| Fresh Issue | Approx ₹35.77 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Apsis Aerocom IPO
Open: 11-13 March
Issue Size: ₹36 Cr.
Objective: To fund working capital needs and strengthen operational growth.
Exchange: NSE SME
Apsis Aerocom IPO Review
Apsis Aerocom operates in the precision engineering sector and focuses on manufacturing specialized components for aerospace, defence, and healthcare industries. The company has shown strong growth in revenue and profitability in a short period since its establishment in 2022.
Its financial performance reflects improving margins and high return ratios, which indicates efficient operations. However, as an SME IPO with a relatively small issue size and limited operating history, investors should carefully evaluate the risks associated with early-stage companies.
The demand for precision engineering components in aerospace and defence sectors could support long-term growth, but investors should consider valuation and industry competition before making a decision.
Apsis Aerocom IPO Market Lot
The minimum market lot for Apsis Aerocom IPO is 2,400 shares with an application amount of ₹2,64,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,64,000 |
| 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 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 9,15,600 Shares | 28.15% |
| QIB (Ex. Anchor) | 6,24,000 Shares | 19.19% |
| NII Shares Offered | 4,64,400 Shares | 14.28% |
| Retail Shares Offered | 10,82,400 Shares | 33.28% |
Apsis Aerocom IPO Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bidding Date | March 10, 2026 |
| Anchor Investors List | View PDF |
| Shares Offered | 9,15,600 Shares |
| Anchor Size | ₹10.07 Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | April 15, 2026 |
| Lock-in Period End Date (50% Shares – 90 Days) | June 14, 2026 |
Apsis Aerocom IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | March 11, 2026 |
| IPO Close Date | March 13, 2026 |
| Basis of Allotment | March 16, 2026 |
| Refunds | March 17, 2026 |
| Credit to Demat Account | March 17, 2026 |
| IPO Listing Date | March 18, 2026 |
| IPO Bidding Cut-off Time | March 13, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Basavaraju Kanakatte Shivakumar, Vinod Kumar Mariyappan, and Mihir Kumar Pradhan.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 87,99,921 | 100% |
| Promoter Holding Post Issue | 1,20,51,921 | 73.02% |
Objects of the Issue
The company intends to utilize the IPO proceeds mainly for capital expenditure and business expansion. A major portion of ₹27.02 crores will be used for funding capital expenditure related to the purchase of new machinery.
This investment will help increase production capacity and enhance the company’s precision engineering capabilities. The remaining funds will be utilized for general corporate purposes, which may include operational expenses, working capital requirements, and other strategic business needs.
About Apsis Aerocom
Apsis Aerocom Limited was founded in 2022 and operates as a precision engineering company that designs and manufactures specialized components for aerospace, defence, and healthcare industries. The company focuses on high-precision manufacturing using advanced CNC machining technology.
The company’s manufacturing facility is located in the Peenya Industrial Area in Bengaluru and is equipped with CNC machines capable of manufacturing components up to 1,200 mm in length. The firm uses CAD/CAM technology to design components based on specific client requirements.
Apsis Aerocom provides end-to-end services including machining, surface finishing, assembly, quality testing, and final inspection. The company has a domestic presence across Karnataka, Telangana, and Maharashtra and also exports to international markets such as the United States, Netherlands, Spain, and Israel. As of March 31, 2025, the company employed 101 staff members.
Business Analysis and Financial Health
Apsis Aerocom operates in the precision engineering sector, focusing on manufacturing high-quality components for aerospace, defence, and healthcare industries. These sectors demand strict quality standards and specialized manufacturing capabilities, which creates entry barriers for new competitors.
The company has demonstrated rapid financial growth with revenue increasing from ₹10.41 crores in FY2023 to ₹20.57 crores in FY2025. Profitability has also improved significantly with PAT margins above 30% and strong return ratios such as ROE of 91.60% and ROCE of 65.79%.
The company also operates without significant debt, which supports financial stability. However, as a recently established company, long-term performance will depend on its ability to scale production, maintain quality standards, and secure consistent orders from aerospace and defence clients.
Apsis Aerocom IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹10.41 | ₹9.04 | ₹1.03 | ₹7.22 |
| 2024 | ₹16.88 | ₹13.46 | ₹2.55 | ₹11.93 |
| 2025 | ₹20.57 | ₹11.63 | ₹6.64 | ₹18.46 |
| Sep 2025 | ₹13.70 | ₹9.53 | ₹3.12 | ₹23.56 |
Apsis Aerocom IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 91.60% |
| ROCE | 65.79% |
| EBITDA Margin | 49.80% |
| PAT Margin | 32.39% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹7.54 |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 62.82% |
| Net Asset Value (NAV) | ₹12.01 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Unimech Aerospace and Manufacturing Ltd | 7.54 | – | 62.82% | 12.01 | ₹20.57 Cr |
IPO Lead Managers (Merchant Bankers)
| Particular | Details |
|---|---|
| Lead Manager | Oneview Corporate Advisors Pvt. Ltd. |
Company Address
| Particular | Details |
|---|---|
| Company Name | Apsis Aerocom Ltd. |
| Address | Plot No.392/1, 10th Cross Road, IV Phase, Peenya Industrial Area, Bengaluru, Karnataka – 560058 |
| Phone | +91 8049932834 |
| cs@apsisaerocom.com | |
| Website | https://apsisaerocom.com |
IPO Registrar
| Particular | Details |
|---|---|
| Registrar | Integrated Registry Management Services Pvt. Ltd. |
| Phone | 044 – 28140801 to 28140803 |
| ipo@integratedindia.in | |
| Website | https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1 |
Apsis Aerocom IPO FAQs
What is Apsis Aerocom IPO?
Apsis Aerocom IPO is an SME IPO through which the company aims to raise approximately ₹35.77 crores. The price band for the issue is ₹104 to ₹110 per equity share.
When will Apsis Aerocom IPO open for subscription?
The IPO will open on March 11, 2026 for QIB, NII, and retail investors and will close on March 13, 2026.
What is the investor allocation in Apsis Aerocom IPO?
The investor portion is allocated as 50% for QIB, 15% for NII, and 35% for retail investors.
How can investors apply for Apsis Aerocom IPO?
Investors can apply through the ASBA facility using their bank account or through UPI via stock brokers. Applications can also be submitted through brokers using the offline form.
What is the issue size of Apsis Aerocom IPO?
The total issue size of the IPO is approximately ₹35.77 crores.
What is the price band of Apsis Aerocom IPO?
The IPO price band is ₹104 to ₹110 per share.
What is the minimum lot size for Apsis Aerocom IPO?
The minimum application size is 2,400 shares with an investment amount of ₹2,64,000.
When will the Apsis Aerocom IPO allotment be finalized?
The allotment is expected to be finalized on March 16, 2026.
When will Apsis Aerocom IPO list on the stock exchange?
The shares are scheduled to list on the NSE SME platform on March 18, 2026.
Expert Comment
Apsis Aerocom operates in a specialized precision engineering segment that serves aerospace, defence, and healthcare industries. The company has shown strong financial growth with rising revenue, high operating margins, and impressive return ratios. Its focus on CNC-based precision manufacturing and international customer presence could support future growth.
However, the company is relatively new and operates in a niche but competitive sector. Investors should consider the SME nature of the issue, limited operating history, and potential order concentration risks. Long-term investors who believe in the growth of precision manufacturing for aerospace and defence sectors may evaluate this IPO carefully.
