Apsis Aerocom IPO
Bookbuilding IPO | ₹36.00 Cr | Listing at NSE SME
IPO Open
Wed, Mar 11, 2026
IPO Close
Fri, Mar 13, 2026
Price Band
₹104.00 to ₹110.00
Market Cap (Pre-IPO)
₹132.57 Cr
IPO Details
| IPO Date | Mar 11, 2026 to Mar 13, 2026 |
| Listing Date | Tentative: Mar 18, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹104.00 to ₹110.00 |
| Lot Size | 1200 Shares (Minimum: ₹132,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹36.00 Crores |
| Total Shares Offered | 3,252,000 shares |
| Offer For Sale | 3,252,000 shares |
Apsis Aerocom IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 15,39,600 (47.34%) |
| Retail Shares Offered | 10,82,400 (33.28%) |
| NII Shares Offered | 4,64,400 (14.28%) |
Apsis Aerocom 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 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹264,000 |
| Retail (Max) | 2 | 2,400 | ₹264,000 |
| S-HNI (Min) | 3 | 3,600 | ₹396,000 |
| S-HNI (Max) | 7 | 8,400 | ₹924,000 |
| B-HNI (Min) | 8 | 9,600 | ₹1,056,000 |
Apsis Aerocom Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 23.56 | 18.46 | 11.93 | 7.22 |
| Total Income | 13.70 | 20.57 | 16.88 | 10.41 |
| Profit After Tax | 3.12 | 6.64 | 2.55 | 1.03 |
| EBITDA | 4.78 | 10.20 | 4.10 | 1.93 |
| NET Worth | 13.69 | 10.57 | 3.93 | 1.37 |
| Reserves and Surplus | 4.89 | 9.59 | 2.95 | 0.40 |
| Total Borrowing | 2.33 | 2.84 | 1.32 | 2.07 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 91.60% |
| ROCE (Return on Capital Employed) | 65.76% |
| RoNW (Return on Net Worth) | 62.82% |
| PAT Margin (Profit After Tax Margin) | 32.39% |
| EBITDA Margin | 49.80% |
| Price to Book Value | 9.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.54 | 5.51 |
| P/E (x) | 14.58 | 19.97 |
| Promoter Holding | 100.00% | 73.02% |
Company Promoters
- Basavaraju Kanakatte Shivakumar
- Vinod Kumar Mariyappan
- and Mihir Kumar Pradhan are the company promoters.
Company Overview
Apsis Aerocom – Company Overview
- Incorporated in 2022, engaged in precision engineering and manufacturing of components for aerospace, defence, and healthcare industries.
- Specializes in producing high-precision machined parts and assemblies that meet strict quality and tolerance requirements required in critical industries.
- Provides end-to-end manufacturing solutions, starting from client-provided designs to final product delivery.
Manufacturing Infrastructure
- Manufacturing facility located in Peenya Industrial Area, Bangalore.
- The facility is divided into:
- Shed 1 (Eastern Portion)
- Shed 2 (Western Portion)
- Equipped with CNC machining centres capable of handling components up to 1,200 mm in length.
- Infrastructure supports:
- CAD/CAM-based design integration
- Process development
- High-precision machining operations
- The setup enables efficient production, tight dimensional control, and high-quality component manufacturing.
Core Capabilities
APSIS provides integrated manufacturing services including:
- Precision machined components manufacturing
- Surface finishing processes
- Assembly services
- Quality control and inspection
- Final testing and delivery
These services allow the company to act as a contract manufacturing partner for complex engineering components.
Industry Applications
The company’s products support complex systems used in:
- Aerospace industry – aircraft structural and mechanical components
- Defence sector – precision engineered parts for defence equipment
- Healthcare industry – components used in medical devices and healthcare equipment
These industries require high reliability, strict tolerances, and compliance with international manufacturing standards.
Market Presence
- Domestic markets: Karnataka, Telangana, Maharashtra
- International markets: USA, Netherlands, Spain, Israel
The global presence indicates the company’s ability to meet international quality standards and supply to export markets.
Workforce
- 105 employees including promoters as of September 30, 2025.
- Workforce includes engineers, CNC operators, quality control specialists, and technical staff supporting precision manufacturing operations.
Business Positioning
- Positioned as a precision engineering and contract manufacturing company catering to high-value industries.
Strengths include:
- CNC-based precision machining capability
- Integrated manufacturing services
- Export-oriented client base
- Focus on aerospace, defence, and healthcare sectors
The company operates in a high-entry-barrier sector where technical expertise, quality assurance, and precision manufacturing capabilities are critical for long-term growth.
Use of Proceeds
| 1) | Funding Capital Expenditure towards purchase of Machinery; and | 27.02 |
| 2) | General Corporate Purposes. |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Apsis Aerocom IPO Peer Comparison
Apsis Aerocom peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Apsis Aerocom Ltd. | 7.54 | 7.54 | 12.01 | - | 62.82 | - | - |
| Unimech Aerospace And Manufacturing Limited | 4.02 | 4.02 | 102.87 | 225.90 | 3.65 | - | - |
Quick Info
| Sector | precision engineering and manufacturing |
| Exchange | NSE SME |
| Market Cap (Pre-IPO) | ₹132.57 Cr |
Important Dates
| IPO Open | Mar 11, 2026 |
| IPO Close | Mar 13, 2026 |
| Allotment Date | Mar 16, 2026 |
| Credit to Demat | Mar 17, 2026 |
| Listing Date | Tentative: Mar 18, 2026 |
Lead Manager(s)
Oneview Corporate Advisors Pvt.Ltd.
Registrar
Integrated Registry Management Services Pvt.Ltd.
044 - 28140801 to 28140803
Description
IPO Type: Book build issue aggregating to ₹35.77 crores.
Issue Structure: Entirely a fresh issue of 0.33 crore shares totaling ₹35.77 crores.
IPO Dates: The issue opens on March 11, 2026 and closes on March 13, 2026.
Allotment Date: Expected to be finalized on March 16, 2026.
Listing Details: Shares are proposed to be listed on the SME platform of the National Stock Exchange of India (NSE SME) with a tentative listing date of March 18, 2026.
IPO Price Band: ₹104 to ₹110 per equity share.
Lot Size: 1,200 shares per lot.
Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,64,000 at the upper price band.
HNI Investment Requirement: Minimum 3 lots (3,600 shares) totaling around ₹3,96,000.
This IPO provides investors an opportunity to participate in an SME sector listing, subject to market risks.