Comparison between Apsis Aerocom IPO and IC Electricals IPO.
Apsis Aerocom IPO is a SME Bookbuilding IPO proposed to list at NSE SME while IC Electricals IPO is a SME Bookbuilding proposed to list at NSE SME.
| Apsis Aerocom IPO | IC Electricals IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Oneview Corporate Advisors Pvt.Ltd. | NEXGEN Financial Solutions Pvt.Ltd. |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Basan Equity Broking Ltd. | Mansi Share & Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Apsis Aerocom IPO is up to ₹33.95 Cr whereas the issue size of the IC Electricals IPO is up to ₹45.51 Cr. The final issue price of Apsis Aerocom IPO is ₹110.00 per share and of IC Electricals IPO is ₹99.00 per share.
| Apsis Aerocom IPO | IC Electricals IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹104.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹110.00 per share | ₹99.00 per share |
| Issue Price (Final) | ₹110.00 per share | ₹99.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 30,86,400 shares | 45,97,200 shares |
| Fresh Issue Size (Amount) | up to ₹33.95 Cr | up to ₹45.51 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 30,86,400 shares | 45,97,200 shares |
| Issue Size Total (Amount) | up to ₹33.95 Cr | up to ₹45.51 Cr |
Apsis Aerocom IPO opens on Mar 11, 2026, while IC Electricals IPO opens on Jul 03, 2026. The closing date of Apsis Aerocom IPO and IC Electricals IPO is Mar 13, 2026, and Jul 07, 2026, respectively.
| Apsis Aerocom IPO | IC Electricals IPO | |
|---|---|---|
| Anchor Bid Date | Mar 10, 2026 | Jul 02, 2026 |
| Issue Open | Mar 11, 2026 | Jul 03, 2026 |
| Issue Close | Mar 13, 2026 | Jul 07, 2026 |
| Basis Of Allotment (Tentative) | Mar 16, 2026 | Jul 08, 2026 |
| Initiation of Refunds (Tentative) | Mar 17, 2026 | Jul 09, 2026 |
| Credit of Share (Tentative) | Mar 17, 2026 | Jul 09, 2026 |
| Listing date (Tentative) | Mar 18, 2026 | Jul 10, 2026 |
| Anchor Lockin End date 1 | Apr 15, 2026 | Aug 07, 2026 |
| Anchor Lockin End date 2 | Jun 14, 2026 | Oct 06, 2026 |
Apsis Aerocom IPO P/E ratio is 14.58, as compared to IC Electricals IPO P/E ratio of 9.42.
| Apsis Aerocom IPO | IC Electricals IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)IC Electricals Co.Ltd.'s revenue increased by 18% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2026 and March 31, 2025.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 82.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.02 | 60.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.58 | 9.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹132.57 Cr. | ₹180.79 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 91.60 | 23.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 65.76 | 18.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.54 | ₹10.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 62.82 | 23.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Apsis Aerocom IPO Retail Individual Investors (RII) are offered 10,82,400 shares while in IC Electricals IPO retail investors are offered 10,82,400 shares. Qualified Institutional Buyers (QIB) are offered 6,24,000 shares in Apsis Aerocom IPO and 9,18,000 shares in IC Electricals IPO.
| Apsis Aerocom IPO | IC Electricals IPO | |
|---|---|---|
| Anchor Investor Reservation | 9,15,600 shares | 13,68,000 shares |
| Market Maker Reservation | 1,65,600 shares | 2,42,400 shares |
| QIB | 6,24,000 shares | 9,18,000 shares |
| NII | 4,64,400 shares | 6,98,400 shares |
| RII | 10,82,400 shares | 16,12,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 30,86,400 shares | 45,97,200 shares |
Apsis Aerocom IPO subscribed 90.96x in total, whereas IC Electricals IPO subscribed 295.08x.
| Apsis Aerocom IPO | IC Electricals IPO | |
|---|---|---|
| QIB (times) | 99.96x | 241.75x |
| NII (times) | 236.61x | 764.38x |
| Big NII (times) | 294.17x | 936.70x |
| Small NII (times) | 121.48x | 422.38x |
| RII (times) | 100.24x | 372.51x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 90.96x | 295.08x |
