Apsis Aerocom Lists on NSE SME with 24% GMP
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- Apsis Aerocom listed on the NSE SME platform with a 24% grey market premium, implying a potential listing price of Rs 136–137 per share against the final issue price of Rs 110.
- The Rs 36 crore IPO was subscribed 129.33 times overall, with retail participation exceeding 100x and the NII segment reaching nearly 237x, reflecting robust investor demand.
- The issue, priced at the upper end of the Rs 104–110 band, was entirely a fresh issue of 0.33 crore shares, with proceeds earmarked for capital expenditure including machinery purchases and general corporate purposes.
- Apsis Aerocom operates in precision engineering, providing end-to-end manufacturing solutions including machining, surface finishing, assembly, and quality control for aerospace, defence, and healthcare clients from its Bengaluru facility.
- The company reported a sharp financial improvement, with FY25 revenue rising to Rs 20.57 crore and profit after tax surging to Rs 6.64 crore from Rs 2.55 crore in FY24, while posting Rs 3.12 crore profit in the six months ended September 2025.
Why it matters: Apsis Aerocom's 129x oversubscription and 24% GMP illustrate the strong investor appetite for precision engineering plays tied to India's aerospace and defence manufacturing push. The Rs 36 crore fresh issue, entirely directed toward capex, signals capacity expansion for a company that nearly tripled its FY25 net profit to Rs 6.64 crore.
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