The Apsis Aerocom IPO is a book-built issue of 3.25 million equity shares, aggregating to ₹35.77 crore. Following today’s anchor round, the public subscription will be open from Wednesday, March 11, to Friday, March 13, 2026. Retail investors can participate with a minimum lot size of 1,200 shares, but due to SME regulations, the minimum application is 2 lots (2,400 shares), totaling an investment of ₹2,64,000 at the upper price band.
Apsis Aerocom has demonstrated explosive financial growth, making it a "growth-play" candidate for SME investors:
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Net Profit (PAT): Surged by 160%, reaching ₹6.64 crore in FY25 from ₹2.55 crore in FY24.
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Operating Margins: The company reported an impressive EBITDA margin of nearly 50% in FY25, highlighting its niche expertise in high-value components.
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Revenue: Grew to ₹20.57 crore in FY25, with an H1 FY26 performance already crossing ₹13.6 crore.
The proceeds will be largely used for Capital Expenditure (₹27.02 crore) to purchase high-end 5-axis CNC machines and Swiss-type lathes for its Peenya manufacturing facility, which will significantly boost production capacity for international clients in the US, Israel, and Europe.
Key IPO Details & Timetable
| Feature | Details |
| Price Band | ₹104 – ₹110 per share |
| Min. Investment (Retail) | ₹2,64,000 (2,400 Shares / 2 Lots) |
| Today's Status (March 10) | Anchor Bidding Open |
| Public Open Date | March 11, 2026 (Wednesday) |
| Public Close Date | March 13, 2026 (Friday) |
| Listing Exchange | NSE Emerge (SME) |
| Tentative Listing | March 18, 2026 |
Important Real News & Today’s Insights
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Anchor Interest (Today): The company is looking to raise approximately ₹10 crore from Anchor investors today. Early reports suggest strong interest from domestic small-cap funds looking for exposure to the "Make in India" defense theme.
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Grey Market Premium (GMP): As of today, the GMP is trading at ₹0 (Flat). While the financials are strong, the SME market is currently seeing a "wait-and-watch" approach due to high entry barriers and recent volatility in broader indices.
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Sustainability Concerns: Market analysts (including Dilip Davda) have noted that while the FY25 profit surge is remarkable, investors should monitor if such high margins are sustainable as the company scales. The sudden jump from ₹2.5cr to ₹6.6cr PAT has "raised eyebrows" regarding future consistency.
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Customer Concentration: A key risk factor identified in today's news is that a significant portion of revenue comes from a few major clients. Any loss of these contracts could severely impact the company's high-margin business model.
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Niche Moat: Apsis is one of the few SMEs with AS9100D certification, a mandatory requirement for global aerospace OEMs. Their ability to machine complex geometries up to 1,200mm gives them a competitive edge over smaller job-work shops.
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