Apsis Aerocom IPO Sees Overwhelming Demand Amid Market Volatility

Apsis Aerocom IPO Sees Robust Response from Investors

Subscription Data Highlights

• 120.24 times subscription received for Apsis Aerocom's initial share sale on March 13
• Total applications: 59,345
• Total equity shares applied for: 28.09 crore
• Offer size: 23.36 lakh shares

Subscription Trends

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• 236.96 times subscription received from non-institutional investors
• 99.95 times subscription received from retail investors
• 100.2 times subscription received from qualified institutional buyers

IPO Details

• Rs 35.77 crore raised through public issue of 32.52 lakh shares
• Price band: Rs 104-110 per share
• Listing date: March 18 on NSE Emerge

Use of Proceeds

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• Rs 27.02 crore allocated for purchase of machinery
• Remaining funds allocated for general corporate purposes

Business Expansion Plans

• Establishment of second manufacturing facility in Hoovinayakanahalli, Bangalore
• Expected increase in annual installed capacity to approximately 3,00,000 components per annum