Apsis Aerocom IPO opens for subscription on March 11, 2026, and closes on March 13, 2026, with an issue size of ₹36.94 crore through a fresh issue of 32.52 lakh equity shares priced at ₹104 – ₹110 for NSE Emerge listing around March 18. Bengaluru-based Apsis Aerocom Ltd manufactures advanced drone systems and UAV components for defense, surveillance, and industrial applications since 2019. Apsis Aerocom IPO proceeds primarily fund capital expenditure of ₹27.02 crore for machinery purchases and general corporate purposes.
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Expert Opinions
Market sentiment toward Apsis Aerocom IPO generates excitement among defense technology investors, propelled by FY25 revenue doubling to ₹20.49 crore and PAT tripling to ₹6.63 crore amid drone policy liberalization. Company strengths feature 50.02% EBITDA margins, 40+ precision engineering patents for UAV systems, government PSU contracts, debt/equity reduction to 0.27, and scalable manufacturing for surveillance applications.
Risks and challenges include orderbook lumpiness characteristic of defense cycles, R&D intensity pressuring cash flows, technological leapfrogging threats, customer concentration in government entities, and execution risks scaling from prototypes to volume production. Valuation analysis of Apsis Aerocom IPO and year 2025 showcases Return on Equity (ROE) of 91.60%, ROCE of 65.76%, and Net Asset Value (NAV) of ₹12.01, commanding premium multiples justified by deeptech moat. Long-term investment perspective captures 22% CAGR drone market through Atmanirbhar Bharat indigenization mandates.
Investor Considerations
Apsis Aerocom IPO highlights exceptional company performance and fundamentals in FY25, doubling revenue to ₹20.49 crore while PAT tripled to ₹6.64 crore through precision engineering excellence. Drone and aerospace components sector outlook accelerates at 22% CAGR fueled by defense indigenization and surveillance modernization. IPO Valuation of Financial Year 2025 for Apsis Aerocom IPO and year indicates Price to Book Value of 9.16, PAT Margin of 32.39%, and RONW of 62.82%, commanding premium justified by 50% EBITDA margins.
Growth prospects leverage ₹27 crore capex for production scaling, government PSU order pipeline, and export potential to regulated OEMs. Risk factors encompass defense order lumpiness, high R&D intensity straining cash flows, technological obsolescence threats, customer concentration in government contracts, and prototype-to-volume execution challenges. Short-term investment goals capture thematic listing premiums from drone policy tailwinds, while long-term horizons reward sustained indigenization mandates and market leadership.
FAQs
Apsis Aerocom IPO Current GMP is ₹00.
Apsis Aerocom IPO Expected Returns is 0.00%.
Apsis Aerocom IPO estimated listing price is ₹110.