Apsis Aerocom IPO Day 3: Check subscription status, allotment date and steps

Apsis Aerocom IPO: The initial public offering of precision engineering player Apsis Aerocom will conclude on Friday, March 13. As of Day 2, the issue was subscribed 14.47 times.

It secured bids for 3,37,96,800 shares compared to 23,36,400 shares on offer, according to the NSE data.

The ₹35.77 crore initial share sale is a fresh issuance of 32,52,000 shares, with no offer for sale (OFS) component.

The objectives of the issue include capital expenditure towards the purchase of machinery and general corporate purposes.

The price range has been set at ₹104 to ₹110 per share, and a lot consists of 1,200 shares. The least investment for an individual investor is two lots or 2,400 shares.

"We believe that listing will enhance our corporate image and visibility of brand name of our company. We also believe that our company will receive the benefits from listing of equity shares on the NSE Emerge Platform," the firm said in its red herring prospectus.

Apsis Aerocom is a precision engineering company, engaged in manufacturing components and allied services for the defence, aerospace and healthcare industries. The company makes products as per the designs and requirements of customers.

Apsis Aerocom IPO: Allotment and listing date

The basis of allotment of Apsis Aerocom will likely be finalised on Monday, March 16. The listing on the NSE SME platform will occur on March 18.

How to check Apsis Aerocom IPO allotment status on NSE

• Visit NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select 'Equity & SME IPO bid details'
• Pick 'APSISAERO' from the select symbol list
• Add mandatory details like application number and PAN card details
• Hit the 'Submit' button

How to check Apsis Aerocom IPO allotment status on Integrated Registry website

• Click on this link: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
• 'Link 1' and 'Link 2' will appear on the screen, choose any one
• Choose 'Apsis Aerocom' as the company name
• Enter any of these: Application number, Client ID, PAN
• Click on submit

Apsis Aerocom IPO GMP

The unlisted shares of Apsis Aerocom, according to investorgain.com and media reports, are trading at ₹128, reflecting a grey market premium (GMP) of 16.36% or ₹71 compared to the upper price band of ₹110.