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Apollo Micro Systems Ltd., which is into aerospace, defence, and homeland security sectors, said it had raised ₹741.50 crore through preferential allotment of equity shares and convertible warrants.
“This capital infusion demonstrates robust investor confidence and includes meaningful participation from the promoter group, LIC Mutual Fund and Non-executive director, Aditya Kumar Halwasiya,” Apollo Micro Systems said in a filing.
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 were allotted equally between Baddam Kanishka Reddy and Baddam Chanakya Reddy.
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.
LIC Mutual Fund participated with an allotment of 26,31,578 equity shares.
The preferential issue involved 2,70,42,894 equity shares allotted at ₹114 each, aggregated to ₹308.28 crore.
3,80,67,058 convertible equity warrants issued at the same price, with 25% upfront subscription, aggregated to ₹108.49 crore in initial proceeds.
An additional ₹325.50 crore, as 75% balance proceeds of the convertible equity warrants is to come into the company within 6 months, the company said.
“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,” the company said.
Published – June 03, 2025 09:46 pm IST
