Apsis Aerocom IPO

Apsis Aerocom is a precision engineering company with primary focus on manufacture of components and allied services for the aerospace, defence and healthcare industries. The company uses a build-to-print model for manufacturing, which means that parts are made exactly to the customer's designs and specifications. It also sells products directly to customers without using distributors. Its product line includes precision mechanical parts like insert parts for connectors, camera interior parts, bottom boxes, top boxes, panel boxes, cover plates, scanner focusing blocks, scanner arms and other machined parts used in medical diagnostic scanners, defence equipment and aerospace communication systems.

Industry-wise, the largest contributor to revenue is the defence sector, which accounts for 45.36% of the revenue in FY25, followed by the aerospace sector, which accounts for 30.11% of the revenue, and the healthcare sector, which accounts for 22.35%. The remaining revenue is from other small industries like industrial machinery and metal recycling.

Domestic markets contributed 98.98% of the revenue in FY25, while 1.02% of the revenue comes from exports to places like the USA, Israel, and Spain. Within India, major revenue comes from Telangana (60.52%) and Karnataka (37.58%). The company has a factory in Peenya Industrial Area, Bengaluru that can make 1,50,000 parts a year. In FY25, it used 82.01% of its capacity and made 98,412 parts. It is also setting up a second manufacturing unit that is expected to increase total capacity to around three lakh components annually, while the company received purchase orders worth ₹18.76 crore during FY25.