🟢 At a Glance:
Apollo Micro Systems has approved a massive ₹416 crore preferential allotment split between equity shares and convertible warrants. This includes allotting 2.7 crore shares and over 3.8 crore warrants at ₹114 each — a move that screams “we’re preparing for something big.” But what exactly? Capex? Orders? Expansion? Or just balance sheet bodybuilding?
🏭 About Apollo Micro Systems
- Industry: Defence and Aerospace Electronics
- Focus: Custom-built mission-critical systems for DRDO, HAL, BDL, BEL
- Listed Entity: BSE (540879), NSE (APOLLO)
- Promoter: Baddam Karunakar Reddy
Apollo builds things that go into missiles, not moonshots. Think rugged embedded systems for Indian defence platforms.
💰 Allotment Breakdown
✅ Equity Shares
| Metric | Detail |
|---|---|
| Quantity | 2,70,42,894 shares |
| Face Value | ₹1 |
| Issue Price | ₹114 (₹113 premium) |
| Total Raised | ₹308.29 Cr |
| Investors | 53 (including LIC Mutual Fund, foreign funds, HNIs) |
✅ Convertible Warrants
| Metric | Detail |
|---|---|
| Quantity | 3,80,67,058 |
| Warrant Price | ₹114 |
| Paid Now | ₹28.5 (25%) |
| Balance | ₹85.5 (75%) on conversion |
| Total Raised Now | ₹108.49 Cr |
| Promoter Participation | YES (Baddam Kanishka & Chanakya Reddy got 84 lakh warrants each) |
| Conversion Window | Within 6 months |
📜 Notable Allottees
Equity Shares:
- LIC Mutual Fund – 26.3 lakh shares
- Zeal Global Opportunities Fund – 30.16 lakh shares
- Nova Global Opportunities Fund – 26 lakh shares
- MGO High Conviction Fund – 30.7
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