Latest news with #ApolloMicroSystemsLimited
Hans India
2 days ago
- Business
- Hans India
Apollo Micro Systems Successfully Completes Preferential Allotment; Significant Participation by Promoter Group, LIC Mutual Fund, and Director Aditya Kumar Halwasiya
Apollo Micro Systems Limited (BSE: 540879 | NSE: APOLLO), a leading technology-driven company in the aerospace, defense, and homeland security sectors, is pleased to announce the successful completion of its preferential allotment of equity shares and convertible warrants, raising a total of over ₹416 crore initially through strategic investments. An additional ₹325.50 crore as 75% balance proceeds of the convertible equity warrants to come into the company within 6 months. This capital infusion demonstrates robust investor confidence and includes meaningful participation from the promoter group, LIC Mutual Fund, and Non-Executive Director Mr. Aditya Kumar Halwasiya. As part of the preferential issue: • The promoter group has subscribed to 1,68,01,200 convertible equity warrants at an issue price of ₹114 each. These warrants, allotted equally between Mr. Baddam Kanishka Reddy and Mr. Baddam Chanakya Reddy, reaffirm the promoter family's strong commitment to the company's long-term growth and value creation. • Mr. Aditya Kumar Halwasiya, Non-Executive Director, has also made a substantial investment, being allotted 15,00,000 equity shares and an additional 15,00,000 convertible equity warrants, reinforcing his strategic involvement and alignment with shareholder interests. • LIC Mutual Fund, one of India's most respected institutional investors, participated with an allotment of 26,31,578 equity shares, adding further credibility and validation to Apollo's business outlook. The preferential issue involved: • 2,70,42,894 equity shares allotted at ₹114 each, aggregating to ₹308.28 crore. • 3,80,67,058 convertible equity warrants issued at the same price, with 25% upfront subscription, aggregating to ₹108.49 crore in initial proceeds. The capital raised will be deployed towards growth initiatives, working capital requirements, and strengthening the company's innovation capabilities in high-tech and mission-critical solutions.
Business Upturn
3 days ago
- Business
- Business Upturn
Apollo Micro Systems raises Rs 308 crore via equity issue; promoters, board members participate
By Aditya Bhagchandani Published on June 4, 2025, 15:32 IST Apollo Micro Systems Limited has successfully concluded its preferential issue of equity shares and convertible warrants, raising a total of Rs 308.28 crore. In a communication to shareholders, Managing Director Karunakar Reddy expressed gratitude for the strong participation, terming it a 'pivotal moment' in the company's growth journey. The company offered a total of 3.11 crore equity shares at an issue price of Rs 114 per share, of which 2.70 crore shares (86.94%) were subscribed, translating to an equity raise of Rs 308.28 crore. Additionally, it offered 3.80 crore convertible warrants, all of which were fully subscribed, generating an upfront payment of Rs 108.49 crore (25% of issue price). Notably, key members of the company's leadership—including Whole Time Director (Operations) Addepalli Krishna Sai Kumar, Non-Executive Director Aditya Kumar Halwasiya, and CFO Sudarshan Chiluveru—participated in the issue alongside the promoter group. This move, the company said, reflects strong internal confidence in Apollo's long-term strategic vision. The company now plans to accelerate execution across R&D, production, and delivery to meet growing demand in India's defence and aerospace sectors. Focus areas include ruggedised electronics, homing systems, and mission-critical subsystems. Apollo reiterated its commitment to shareholders, stating it views their investment as a long-term partnership. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
28-05-2025
- Business
- Mint
Multibagger defence stock Apollo Micro Systems hits record high, jumps 15% on THIS order win update
Multibagger defence stock Apollo Micro Systems surged 15% in intraday trade on Wednesday, May 28, to a fresh record high following a massive order win. The BSE Smallcap stock gained for the second straight session, rising as much as 27% in just two days. Meanwhile, in May alone, Apollo Micro Systems shares have rallied over 46% amid a strong surge in defence counters following Operation Sindoor and hopes of an increase in defence order book. Apollo Micro Systems stock opened at ₹ 157.15 apiece, slightly higher than its last close of ₹ 155.80 per share. However, as the session progressed, the stock surged to the day's high of ₹ 179, also its 52-week high level, recording gains of 14.9%. On a longer time frame, Apollo Micro Systems has emerged as a multibagger stock, rallying 421% in the last two years, 1460% in three years and 2040% in five years. This sharp rally can be attributed to a ₹ 113.81 crore export order that Apollo Micro Systems announced receiving today. 'Apollo Micro Systems Limited, in the ordinary course of its business, has received an export order valued at USD 13,366,500 (equivalent to approximately INR 113.81 crores) for the development of an Avionic System,' the company said in a filing today. As part of the project, Apollo Micro Systems plans to develop an advanced avionics system intended for use in civil and military aircraft applications. 'However, due to the sensitive nature of the engagement, specific technical and program details are bound by a Non-Disclosure Agreement (NDA) with the customer,' it added. Additionally, the company's board also approved a final dividend for the financial year 2024-25 at its meeting today of ₹ 0.25 apiece. '… Considered the recommendation of Final Dividend at the rate of 25% ( ₹ 0.25 paise) per equity share of Re. 1/- each fully paid-up of the Company for the Financial Year 2024-25, subject to the approval of the Members at the forthcoming Annual General Meeting of the Company,' Apollo Micro Systems said in a filing.
Mint
28-05-2025
- Business
- Mint
Multibagger defence stock Apollo Micro Systems hits record high, jumps 12% on THIS order win update
Multibagger defence stock Apollo Micro Systems surged over 12% in intraday trade on Wednesday, May 28, to a fresh record high following a massive order win. The BSE Smallcap stock gained for the second straight session, rising as much as 24% in just two days. Meanwhile, in May alone, Apollo Micro Systems shares have rallied over 46% amid a strong surge in defence counters. Apollo Micro Systems stock opened at ₹ 157.15 apiece, slightly higher than its last close of ₹ 155.80 per share. However, as the session progressed, the stock surged to the day's high of ₹ 175, also its 52-week high level, recording gains of 12%. This sharp rally can be attributed to a ₹ 113.81 crore export order that Apollo Micro Systems announced receiving today. 'Apollo Micro Systems Limited, in the ordinary course of its business, has received an export order valued at USD 13,366,500 (equivalent to approximately INR 113.81 crores) for the development of an Avionic System,' the company said in a filing today.
Business Upturn
28-05-2025
- Business
- Business Upturn
Apollo Micro secures major export order worth 113.81 crores for Avionic System development
Apollo Micro Systems Limited, a leading provider of high-performance electronic solutions for aerospace and defense, has secured a prestigious export order valued at USD 13,366,500 (approximately INR 113.81 crores). The contract involves the development of an advanced avionic system tailored for both civil and military aircraft applications. In the excahgne filimg, the copmany shared, 'Apollo Micro Systems Limited, in the ordinary course of its business, has received an export order valued at USD 13,366,500 (equivalent to approximately INR 113.81 crores) for Development of an Avionic System.' This strategic win underscores Apollo Micro Systems' growing global presence and trusted capabilities in the field of cutting-edge aerospace technology. The company's core expertise in mission-critical electronics has been instrumental in securing this high-value international project. Due to the sensitive nature of the assignment, detailed technical specifications and program information remain confidential under a strict Non-Disclosure Agreement (NDA) with the client. However, the order is expected to significantly boost the company's export portfolio and reaffirm its position as a key player in the global avionics market. In the meantime, Apollo Micro Systems shares surged today, opening at ₹157.00 and, as the time of writing, reached a new 52-week high of ₹161.23. The stock showed strength with a low of ₹155.55, reflecting investor confidence. This rally marks a significant rise from its 52-week low of ₹87.99. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
