Apsis Aerocom IPO, March 11 -- The initial public offering (IPO) of precision engineering firm Apsis Aerocom opened for public subscription on Wednesday, March 11. The SME IPO is witnessing healthy buying interest even as the grey market is indicating shares of the company can list at a modest premium. Meanwhile, Apsis Aerocom said it had raised over Rs.10 crore from anchor investors by allocating 9,15,600 shares at a price of Rs.110 per share.

According to grey market sources, the Apsis Aerocom IPO GMP (grey market premium) was Rs.8 on Wednesday. This indicates the SME stock could list at a premium of 7% at Rs.118 on the NSE SME.

By 11:35 am on Wednesday, the SME IPO had seen an overall subscription of nearly 0.51 times, with the retai...