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.
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