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Apsis Aerocom IPO Oversubscribed 3X on Day 1 Amidst Subdued Market
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Apsis Aerocom IPO Soars 3X on Day 1 Amidst Market Downturn
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Moneycontrol
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11-03-2026, 22:14
Apsis Aerocom IPO Soars 3X on Day 1 Amidst Market Downturn
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Apsis Aerocom's IPO garnered 3.13 times subscription on March 11, Day 1, defying a sharp 5% market correction.
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The precision engineering firm aims to raise Rs 35.77 crore through 32.52 lakh shares at Rs 104-110 price band.
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Non-institutional investors subscribed over 6 times, retail over 4 times; Qualified Institutional Buyers (QIBs) demand was muted.
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Rs 27.02 crore from the fresh issue will fund machinery purchase; the IPO closes March 13.
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The Karnataka-based company manufactures components for aerospace, defence, and healthcare industries.
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