Apsis Aerocom shares list at 39% premium over IPO price on NSE SME platform

Apsis Aerocom made a strong debut on D-Street on Wednesday, with its shares listing at a 39% premium over the IPO price. The stock opened at Rs 153 apiece on the NSE SME platform, against an issue price of Rs 110. The listing exceeded unlisted market expectations, which had predicted a debut at around a 24% premium.

The IPO, which closed last week, witnessed robust investor demand, being subscribed 129.33 times overall.

The strong response across categories -- including over 100x in retail and nearly 237x in the NII segment -- has translated into firm grey market sentiment ahead of listing. At the final issue price of Rs 110 per share, the current GMP of 24% implies a potential listing price of around Rs 136–137 per share, indicating healthy listing gains if momentum sustains.


The Rs 36 crore IPO was entirely a fresh issue of 0.33 crore shares, with proceeds earmarked primarily for capital expenditure, including machinery purchase, along with general corporate purposes. The company had set a price band of Rs 104-110 per share.

Apsis Aerocom operates in the precision engineering segment, catering to aerospace, defence and healthcare industries. The company provides end-to-end manufacturing solutions, including machining, surface finishing, assembly and quality control, from its facility in Bengaluru.

Its positioning in high-specification sectors such as aerospace and defence has been a key draw for investors, particularly when domestic manufacturing and defence-linked themes are seeing increased interest.

Financially, the company has reported a sharp improvement in performance in recent periods. For FY25, it posted revenue of Rs 20.57 crore and a profit after tax of Rs 6.64 crore, compared with Rs 16.88 crore revenue and Rs 2.55 crore profit in FY24. For the six months ended September 2025, profit stood at Rs 3.12 crore.

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