Apollo Micro Systems Approves Share Capital Increase and Fundraising via Equity and Convertible Warrants

Apollo Micro Systems, at its board meeting held on January 9, 2024, approved an increase in its authorised share capital. The company raised its authorised capital from ₹36 crore to ₹45 crore to facilitate future fundraising and expansion activities.

Fundraising Through Equity Shares

The Board sanctioned the issuance of up to 3,34,18,806 equity shares, each with a face value of ₹1. The shares will be offered at a price of ₹114 per share, including a premium of ₹113. This preferential allotment aims to raise a total of ₹380.97 crore.

Issuance of Convertible Warrants

Additionally, the Board approved the issuance of up to 3,81,67,059 convertible warrants, each with a face value of ₹1, at a price of ₹114 per warrant. This issuance is expected to raise ₹435.10 crore on a preferential basis.

Stock Performance 

On January 10, 2025, Apollo Micro Systems share price ended 7.41% lower at ₹120, while the BSE benchmark Sensex closed 241.30 points to 77,378.91. Apollo Micro Systems’ share price reached a 52-week high of ₹147.50 on February 27, 2024, and a 52-week low of ₹88.10 on October 23, 2024.  As per BSE, the total traded volume for the stock stood at 13.68 lakh shares with a turnover of ₹16.69 crore.

At the current price, Apollo Micro Systems shares are trading at a price-to-earnings (P/E) ratio of 83.24x, based on its trailing 12-month earnings per share (EPS) of ₹1.56, and a price-to-book (P/B) ratio of 6.90, according to exchange data. 

Shareholding Details

As of December 31, 2024, Foreign Institutional Investors (FIIs)  held a 0.19% stake in Apollo Micro Systems shares, while  Domestic Institutional Investors (DIIs) owned 0.87%, and the promoters held 55.12%.

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