Apollo Micro Systems, a fast-growing small-cap defence company, has increased its capital base by converting 1,21,47,964 warrants into equity shares. These shares were allotted to six investors, including promoters, a whole-time director, and non-promoter groups, as part of an earlier preferential issue.

With this latest conversion, the company’s paid-up capital now stands at ₹35.43 crore, representing 35.43 crore equity shares of face value ₹1 each. The conversion price was ₹114 per share, with 75% (₹85.50) paid during conversion.

Breakdown of the Warrant Issue

In June 2025, Apollo Micro Systems had approved a preferential issue of 3.80 crore warrants, each convertible into one share. So far, 2,08,59,246 warrants have been converted into equity.

Any warrants not exercised within 13 months will lapse, and the upfront amount paid will be forfeited by the company.

Recent Order Wins Add Positive Momentum

Alongside the capital expansion, the company disclosed fresh orders worth ₹27.37 crore:

• ₹5.77 crore order from DRDO
• ₹21.6 crore order from a private firm

These contracts further strengthen the company’s defence and technology pipeline.

Also Read: Info Edge to Invest ₹100 Crore in Redstart Labs!

Apollo Micro Systems Share Price Performance

Apollo Micro Systems share price (NSE: APOLLO) has been a multibagger, delivering:

• 980% returns in 3 years
• 180% gain in the last 1 year

The stock has traded between a 52-week low of ₹92.50 (Dec 23 last year) and a 52-week high of ₹354.65 (Sept 17 this year). On November 27, the stock dipped nearly 2% intraday on the BSE.

Conclusion

Apollo Micro Systems continues to strengthen its financial position by converting warrants into equity and expanding its capital base. With strong order inflows and exceptional long-term returns, the company remains a key player in India’s defence tech sector. However, investors should monitor upcoming warrant deadlines and short-term stock volatility.

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