Apsis Aerocom Limited is tapping the market with a ₹35.77–36 crore SME IPO on NSE Emerge, offering 32.52 lakh fresh equity shares at a price band of ₹104–₹110 per share, to fund new machinery capex for its precision engineering business in aerospace and defence-related segments.

Apsis Aerocom IPO – Key Details

Particulars	Details
IPO Type	SME Book-Built IPO (Fresh issue only)
Exchange	NSE Emerge (NSE SME platform)
Issue Size	32,52,000 shares ≈ ₹35.77–36 crore
Fresh Issue	100% fresh, no OFS – promoter dilution only via new equity
Price Band	₹104 – ₹110 per
Face Value	₹10 per sharestockgro+2
IPO Dates	Opens 11 March 2026 – Closes 13 March 2026
Allotment Date	16 or 18 March 2026 (basis of allotment)
Refunds / Demat Credit	17–20 March 2026 (refunds + credit to demat)
Listing Date	18 or 24 March 2026 on NSE Emerge (depending on source; RHP to be final)
Lot Size	1,200 shares per lot; min 2 lots = 2,400 shares (~₹2.64 lakh) for retail
Minimum Investment	₹1,32,000 per lot (₹110 × 1,200); retail minimum 2 lots = ₹2,64,000
Registrar	Integrated Registry Management Services Pvt. Ltd.
Lead Manager	Oneview Corporate Advisors Pvt. Ltd.

 

Subscription on Day 3 :-

The initial public offering of precision engineering player Apsis Aerocom has been subscribed 114.48 times so far on the final day of bidding on Friday, March 13.

Business Overview & Objects of the Issue

Business Profile

• Precision engineering / manufacturing company catering to aerospace, defence‑linked and industrial segments (machined components, assemblies, aerocom parts).
• Operates in niche high‑tolerance components where quality certifications and long qualification cycles create entry barriers.

Objects of the Issue

• Funding capital expenditure for purchase of machinery – approx ₹27.02 crore to upgrade and expand CNC machines, precision tooling, testing and measurement equipment.
• General corporate purposes – working capital, marketing, certifications, R&D, and other strategic needs.

This is essentially a growth capex IPO – no OFS, money goes into capacity and capability expansion.

Strengths of Apsis Aerocom IPO

• 100% fresh issue – all proceeds go into business growth (machinery capex + corporate purposes), not promoter exits.
• Niche precision engineering space with aerospace/defence linkages, generally higher entry barriers vs commodity manufacturing.
• Capex‑focused use of funds (~₹27.02 cr) can drive higher revenue and margin potential if utilisation ramps up.
• SME size ₹35–36 cr is manageable and often sees higher subscription in bullish SME sentiment, as early GMP trends indicate (total subscription ~12.92x as of 12 March).
• No pre‑issue dilution via OFS, promoter shareholding starts at 100% and reduces only for growth capital.

Risks in Apsis Aerocom IPO

• High ticket size for retail – minimum application ₹2.64 lakh (2 lots) is steep vs many mainboard IPOs, limiting small investors.
• SME listing on NSE Emerge – typically lower liquidity and higher volatility vs mainboard stocks; exit may not be easy.
• Customer / sector concentration – heavy reliance on a few OEMs/defence‑linked clients can hurt if orders slow or shift.
• Capex execution risk – planned machinery purchase (~₹27.02 cr) must translate into order wins and utilisation; delays can drag returns.
• Grey market GMP is unofficial – may change rapidly; listing gains are not guaranteed despite positive GMP.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

1. What are the Apsis Aerocom IPO dates and price band?
The Apsis Aerocom SME IPO opens on 11 March 2026 and closes on 13 March 2026, with a price band of ₹104–₹110 per share.

2. What is the lot size and minimum investment for Apsis Aerocom IPO?
The lot size is 1,200 shares. Retail must apply for at least 2 lots (2,400 shares), translating to a minimum investment of about ₹2,64,000 at the upper band.

3. What is the total issue size and is there any OFS?
Total issue is 32.52 lakh equity shares, raising about ₹35.77–36 crore. It is a 100% fresh issue with no Offer for Sale (OFS) by promoters.

4. When will Apsis Aerocom shares be allotted and listed?
The basis of allotment is expected on 16 March 2026; refunds and demat credit around 17–20 March 2026; listing on NSE Emerge is tentatively around 18–24 March 2026 (final date as per exchange notice).

5. How will the IPO money be used by Apsis Aerocom?
Majority (~₹27.02 cr) is earmarked for capital expenditure to purchase new machinery, and the rest for general corporate purposes, including working capital and business development.

6. What is the Apsis Aerocom IPO GMP and subscription status?
As of 12 March 2026, unofficial GMP was about ₹23, implying an estimated listing price around ₹133 (≈21% over upper band), and combined subscription about 12.92x (Retail 16.09x, NII 20.26x, QIB 0.01x).

7. Is Apsis Aerocom suitable for long‑term investors or only for listing gains?
It is a niche precision engineering SME with growth capex planned, which can appeal to long‑term high‑risk investors who understand SME and aerospace/defence cycles. However, given SME volatility, high minimum investment, and GMP‑driven sentiment, many traders may also look at it for short‑term listing gains; risk appetite and holding period should be evaluated carefully.