Apsis Aerocom IPO Enters Final Day: Investors Urged to Verify GMP, Subscription Status and Other Key Details

Apsis Aerocom IPO Update: Final Day of Subscription

Key Figures:

• ₹35.77 crore: Amount to be raised by Apsis Aerocom through the initial public offering (IPO)
• ₹104-110: Price band range for the IPO
• 33 lakh shares: Total number of fresh shares to be issued
• ₹10: Grey market premium (GMP) as of March 13
• ₹120: Tentative listing price, a 9.09% premium from the IPO price
• 26.47 times: Subscribed amount as of 11:30 am on Day 3
• ₹2.64 lakh: Minimum retail investment required at the upper end of the price band

IPO Details:

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The initial public offering of Apsis Aerocom, which opened for subscription on March 11, is set to conclude on March 13. The company aims to raise ₹35.77 crore through the sale of 33 lakh fresh shares. The IPO allotment is expected on Monday, March 16, 2025, with successful applicants likely to receive their shares on Tuesday, March 17. Refunds for non-allottees will also be processed on the same day.

The stock is scheduled to list on the NSE SME with a tentative listing date of Wednesday, March 18. As of March 13, the grey market premium (GMP) for the SME IPO stands at ₹10, indicating a potential listing price of ₹120, a 9.09% premium from the IPO price.

Subscription Status:

As of 11:30 am on Day 3, the IPO was subscribed 26.47 times, with the retail portion subscribed 28.87 times and the NII portion booked 56.39 times. Qualified Institutional Buyers (QIBs) portion received 0.02 times bids. The company has received bids for 5.74 crore shares against 21.70 lakh shares on offer.

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Company Overview:

Apsis Aerocom Limited, established in 2022, operates in the precision engineering space, focusing on the manufacturing of components and providing related services for the aerospace, defence, and healthcare sectors. The company runs a manufacturing unit in Bangalore, equipped with CNC machines capable of processing parts up to 1,200 mm in length.