💣 Apollo Micro Raises ₹416 Cr via Preferential Allotment — Defence Orders Coming or Just a Fundraising Flex?
🟢 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.
