Archive · 20 May 2025
Apollo Micro Systems Gets Approval for Equity Issuance
Apollo Micro Systems, a defense company, got permission from the stock exchanges to sell new shares and warrants.
This means they can raise money by offering shares to investors.
The company will issue new shares to non-promoters and warrants that can be converted into shares later.
The stock exchange told them to make sure investors don't trade the shares right away to avoid problems.
The company's stock price went up at first but then went down a bit.
The company also made a deal with Munitions India to work together on defense technology.
This includes creating and selling new defense systems both at home and abroad.
The company's stock has increased a lot in value over the past few years.
Apollo Micro Systems received approval from NSE and BSE to issue equity shares and warrants.
The company plans to issue shares to non-promoters at a price no less than Rs 114 each.
Additionally, warrants convertible into equity shares will be issued.
NSE instructed the company to monitor trades by allottees to avoid non-compliance.
The company signed an agreement with Munitions India for joint defense system development.
- Who
- Apollo Micro Systems (AMSL).
- What
- AMSL received approval to issue equity shares and convertible warrants.
- When
- Recently, as per the article.
- Where
- National Stock Exchange of India Limited and BSE Limited.
- Why
- To raise capital through issuance of equity shares and warrants.
- Company Location
- Hyderabad
- Equity Shares to be Issued
- 3,11,05,210
- Equity Share Price
- Re 1
- Warrants to be Issued
- 3,80,67,059
- Minimum Share Price
- Rs 114
- Share Return (2 years)
- 309%
- Share Return (3 years)
- 1,019%