Apsis Aerocom Sees 39% Premium Over IPO Price on NSE SME Debut

Apsis Aerocom Shares Make Strong Debut in Indian Stock Market

On Wednesday, March 18, Apsis Aerocom shares listed on the National Stock Exchange (NSE) Small and Medium Enterprises (SME) platform with a strong debut, opening at ₹153 per share, a 39% premium over the Initial Public Offering (IPO) price of ₹110.

The listing of Apsis Aerocom IPO exceeded market expectations, with the share price witnessing a strong rally of 5% immediately after listing on the NSE, trading at ₹160.65 per share at 10:30 am.

Key IPO Details

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• ₹35.77 crore: Book-built issue size
• 0.33 million shares: Fresh issue of shares
• ₹110: Offering price per share
• ₹104-₹110: Price band
• 129.33 times: Overall subscription
• 236.61 times: Non-institutional investor (NII) subscription
• 100.24 times: Retail individual investor (RII) subscription
• 99.96 times: Qualified institutional buyer (QIB) subscription

IPO Utilisation

The company plans to utilise ₹27.02 crore from IPO proceeds for the purchase of machinery, with the remaining funds allocated for general corporate purposes. Apsis Aerocom aims to enhance its production capacity by setting up a second manufacturing unit at Hoovinayakanahalli in Bengaluru.

Company Overview

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Apsis Aerocom is a precision engineering firm that manufactures components and provides allied services to the aerospace, defence, and healthcare sectors. The company operates through a single manufacturing facility in Bengaluru, equipped with multiple CNC machines, and is in the process of setting up a second manufacturing unit.