The Apollo Micro Systems IPO date has been confirmed from January 10, 2018 and ended on January 12, 2018.
Using an IPO, Apollo Micro Systems is seeking to raise Rs 156.00 crores. Its price band is set at ₹270 to ₹275 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹13,750.
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Bidding Dates
January 10-12
Price Range
₹270 to ₹275 per share
Face Value
₹10 per share
GMP
₹118.35
Apollo Micro Systems IPO GMP
The Apollo Micro Systems Limited IPO GMP is ₹118.35.
IPO Overview
The Apollo Micro Systems IPO is a book-built offering for Rs 156.00 crores. Bidding for Apollo Micro Systems initial public offering (IPO) began on January 10, 2018 and finished on January 12, 2018. The Apollo Micro Systems IPO allotment was completed on Wednesday, January 17, 2018. On January 22, 2018, the shares were listed on the BSE and NSE. The pricing range for Apollo Micro Systems IPO is set at 270 to 275 per share.
An application requires a minimum lot size of 50 Shares. Retail investors must make a minimum investment of ₹13,750. The offering includes a reserve of up to 20,000 shares for employees at a Rs 12 reduction from the issue price. Company’s manufacturing facility is located at Hyderabad.
Apollo Micro Systems IPO Details
| IPO Date | January 10, 2018 to January 12, 2018 |
| Listing Date | January 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹270 to ₹275 per share |
| Lot Size | 50 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹156.00 Cr) |
| Retail Discount | Rs 12 per share |
| Employee Discount | Rs 12 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Apollo Micro Systems Company Financials
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2,458.57 | 2,029.58 | 1,347.19 | 849.16 | 458.10 | |
| Total Revenue | 2,117.99 | 1,595.32 | 1,087.68 | 728.82 | 374.58 | |
| Profit After Tax | 185.71 | 100.01 | 74.48 | 53.34 | 29.59 | |
Apollo Micro Systems IPO Timeline
| IPO Open Date | Wednesday, January 10, 2018 |
| IPO Close Date | Friday, January 12, 2018 |
| Basis of Allotment | Wednesday, January 17, 2018 |
| Initiation of Refunds | Thursday, January 18, 2018 |
| Credit of Shares to Demat | Friday, January 19, 2018 |
| Listing Date | Monday, January 22, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 12, 2018 |
Company Profile
Apollo Micro Systems Limited, founded in 1997, is a Hyderabad-based firm that specialises in electrical, electro-mechanical, engineering design, manufacture, and supply. The company designs, develops, and sells high-performance, mission-critical defence, space, and homeland security products for the Ministry of Defence, government-controlled public sector organisations, and the private sector. Apollo Micro Systems provides defence and space customers with custom-built COTS (commercially off-the-shelf) systems based on individual requirements. The
company has been involved in a number of indigenous missile programmes, underwater electronic warfare, underwater missiles, surface-to-air missiles, nuclear missile programmes, surface-to-surface missile programmes, indigenous submarine programmes, UAVs with long and short endurance, ships, and space programmes.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Apollo Micro Systems Limited |
| Phone number | +91 40 2716 7000 |
| Email ID | cs@apollo-micro.com |
| Website | apollo-micro.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
