India’s IPO market continues to attract companies from various sectors looking to raise capital for growth and expansion. One such company entering the primary market is Apsis Aerocom Limited, which operates in the precision engineering and high-precision machining industry.

The company manufactures specialised mechanical components that are widely used in aerospace, defence, and healthcare industries, sectors where accuracy, quality, and engineering precision are extremely critical.

Apsis Aerocom Limited plans to raise ₹35.77 crore through its Initial Public Offering (IPO). The IPO is structured as a book built issue consisting entirely of a fresh issue of shares, meaning the company will receive the entire proceeds from the issue.

The subscription period for the IPO will open on March 11, 2026, and close on March 13, 2026, while the shares are expected to be listed on the National Stock Exchange (NSE) on March 18, 2026.

This article provides a detailed analysis of Apsis Aerocom’s business model, IPO details, investment requirements, industry outlook, and risks for investors.

About Apsis Aerocom Limited

Apsis Aerocom Limited operates in the precision engineering and machining industry, specialising in the manufacturing of high-precision mechanical components used in advanced industries.

The company primarily serves clients in aerospace, defence, and healthcare sectors, where engineering accuracy and product quality are critical for performance and safety.

Apsis Aerocom offers end-to-end engineering and machining services, which include:

• Sourcing of raw materials
• Precision machining
• Finishing processes
• Surface treatment
• Mechanical assembly

These services allow the company to deliver fully finished and ready-to-use mechanical components to its clients.

The company manufactures products based on client-supplied designs and technical specifications. This means that the company operates as a contract manufacturing and engineering service provider, ensuring that each component meets the exact technical standards required by the client.

Industries such as aerospace and defence require extremely precise components, where even small errors can affect safety and performance. Therefore, companies like Apsis Aerocom must comply with strict quality control procedures and international manufacturing standards.

Apsis Aerocom IPO Structure

The Apsis Aerocom IPO is structured as a Book Built Issue with a total issue size of ₹35.77 crore.

Unlike many IPOs that include both fresh issue and offer for sale components, this IPO consists entirely of a fresh issue.

Fresh Issue

The company will issue 0.33 crore equity shares, raising ₹35.77 crore.

Since this is a pure fresh issue, the funds raised from the IPO will be used directly by the company for business expansion, operational requirements, and strengthening its financial position.

Key IPO Dates

Investors interested in the IPO should keep track of the following dates:

IPO Opening Date: March 11, 2026
IPO Closing Date: March 13, 2026
Allotment Finalisation: Expected around March 16, 2026
Listing Date: Tentatively March 18, 2026

The shares will be listed on the National Stock Exchange (NSE).

IPO Price Band and Valuation

The company has fixed the price band of the IPO between ₹104 and ₹110 per share.

At the upper price band of ₹110 per share, the market capitalisation of Apsis Aerocom Limited will be approximately ₹132.57 crore after listing.

The valuation of the company will depend on factors such as:

• Growth potential in aerospace and defence manufacturing
• Expansion of the precision engineering sector
• Financial performance and profitability
• Investor sentiment in the SME IPO market

Lot Size and Minimum Investment

The lot size of the Apsis Aerocom IPO is 1,200 shares, which is relatively large compared to many other IPOs.

Retail Investors

Retail investors must apply for at least two lots, which equals 2,400 shares.

Minimum investment required:

2,400 shares × ₹110 = ₹2,64,000

Therefore, the minimum investment for retail investors is ₹2,64,000.

High Net Worth Individuals (HNIs)

HNIs must apply for at least three lots, which equals 3,600 shares.

Minimum investment required:

3,600 shares × ₹110 = ₹3,96,000

IPO Intermediaries

Several intermediaries are involved in managing the IPO process.

Book Running Lead Manager:
Oneview Corporate Advisors Private Limited

The lead manager is responsible for structuring the IPO, ensuring regulatory compliance, and managing investor participation.

Registrar to the Issue:
Integrated Registry Management Services Private Limited

The registrar manages investor applications, allotment of shares, refunds, and demat credit of shares.

Market Maker:
Basan Equity Broking Limited

The market maker helps provide liquidity to the shares after listing, which is particularly important for SME IPOs.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) indicates the unofficial demand for IPO shares before listing.

According to available information, the Apsis Aerocom IPO GMP is currently around ₹0.

This indicates neutral market sentiment, suggesting that traders in the grey market are not expecting significant listing gains at the moment.

However, it is important to remember that:

• Grey market trading is unregulated
• GMP values can change quickly
• Listing performance may differ from GMP expectations

Therefore, investors should focus on the company’s fundamentals rather than relying solely on GMP trends.

Industry Overview

Apsis Aerocom operates in the precision engineering and advanced manufacturing sector, which is a key part of modern industrial supply chains.

Aerospace and Defence Manufacturing

The aerospace and defence sector requires highly precise mechanical components for aircraft systems, defence equipment, and advanced engineering systems.

India is increasingly focusing on indigenous defence manufacturing under the Make in India initiative, which encourages domestic production of defence equipment.

This initiative is expected to create significant opportunities for precision engineering companies supplying components to defence and aerospace manufacturers.

Healthcare Equipment Manufacturing

The healthcare industry also uses high-precision mechanical components in medical devices, surgical instruments, and diagnostic equipment.

As healthcare technology advances, the demand for precision-engineered components is expected to increase.

Business Model

Apsis Aerocom follows a contract manufacturing model, where it produces components according to customer specifications.

Revenue is generated through:

• Manufacturing contracts with aerospace and defence companies
• Precision machining services
• Engineering and assembly services

The company’s ability to deliver high-precision components with strict quality standards is a key factor in maintaining long-term client relationships.

Growth Opportunities

The company operates in sectors that have strong long-term growth potential.

Expansion of Aerospace Manufacturing

India’s aerospace industry is expected to grow significantly due to increasing aircraft demand and defence production.

Defence Manufacturing Initiatives

Government initiatives promoting domestic defence production will create opportunities for component manufacturers.

Increasing Demand for Precision Engineering

Advanced industries require high-precision mechanical components, which supports demand for companies like Apsis Aerocom.

Export Opportunities

Precision engineering companies can also benefit from export demand from global aerospace and defence manufacturers.

Risks for Investors

Investors should also consider several risks associated with the company.

Dependence on Limited Clients

Precision engineering companies often depend on a small number of specialised clients, which can create revenue concentration risk.

Strict Quality Requirements

Industries like aerospace and defence require extremely strict quality standards, and any failure can affect contracts.

Capital Intensive Operations

Precision machining requires advanced machinery and technology, which can involve significant capital expenditure.

Industry Cycles

Demand for aerospace components can fluctuate depending on global aviation and defence spending trends.

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