Apsis Aerocom IPO

The Apsis Aerocom IPO is a book-built issue of total shares worth up to ₹36 cr, entirely a fresh issue of 0.33 crore shares with the face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 2025.

The price band and official dates of subscription and listing were announced by the company later, but the shares are proposed to be listed on the NSE SME platform. This book-running lead manager (BRLM) of this issue will be managed by Oneview Corporate Advisors Private Ltd., while Integrated Registry Management Services Private Ltd. is acting as the registrar of the issue.

Company Background

Apsis Aerocom Ltd. was incorporated on January 23, 2012, as a partnership firm under the name M/s. Apsis Latitude. The business has grown at a rapid pace and was converted into a private limited company on August 16, 2022. To facilitate its entry into public capital markets, it was converted into a public limited company on November 11, 2024. The company has its registered office and operational headquarters in the Peenya Industrial Area in Bangalore, Karnataka, a location that leverages its geographical location to serve its clients in the industrial and precision engineering business.

Operations & Product Range

The core business of Apsis Aerocom Ltd. primarily revolves around precision machining and manufacturing services, as it supports the development of CAD/CAM-based design and development processes, thus allowing the seamless execution of engineering tasks in line with the provided designs and specifications by the clients.

Facilities & Capacity

Apsis Aerocom Ltd. operates a comprehensive manufacturing facility strategically located in Bangalore’s Peenya Industrial Area. The facility offered by the company included advanced CAD/CAM design tools, process development tools and precision machining technology. With this issue, the company is looking to make capital expenditures for acquiring state-of-the-art technology for scaling up existing infrastructure.

Brands & Market Presence

Apsis Aerocom Ltd. has developed a strong reputation for its domestic market presence in the precision manufacturing industry. The company’s position in the industry has been enhanced by its capacity to offer fully customized, turn-key manufacturing services to exact technical specifications. The company’s activities have been heavily integrated into the domestic supply chain, acting as a trusted engineering services company from its location in Bangalore.

Revenue Streams & Business Model

Apsis Aerocom Ltd.’s main source of income is precision machining and manufacturing operations. The business model focuses on executing client-specific designs through end-to-end production processes, ensuring high margins through specialized engineering. The financial performance of the company reflects this focus, with total income for the FY25 reaching ₹20.57 crore and the profit after tax (PAT) being recorded at ₹6.64 crore.

Management & Shareholding

Apsis Aerocom Ltd. has been promoted by Basavaraju Kanakatte Shivakumar, Mihir Kumar Pradhan and Vinod Kumar Mariyappan. The decisions of the company have been taken by these promoters from its inception as a partnership firm to its present status of a public limited company. The promoters of the company before the Apsis Aerocom IPO had 100% of the pre-issue shares, i.e., 100% ownership, but after this issue, their share will be diluted proportionately to 12,051,921 equity shares.

Board & Key Management

Apsis Aerocom Ltd.'s strategic direction is taken care of by its board of directors, who consist of experienced and prominent personalities in the field, including its Managing Director, Basavaraju Kanakatte Shivakumar, who is aided by its Whole-Time Director, Vinod Kumar Mariyappan and its Executive Director, Mihir Kumar Pradhan, along with Independent Directors Aniruddh Kumar, Jayanthi Amarnath Bhagath and Dayananda Swamy Mallikarjunappa.