Apollo Microsystems To Raise Rs 416.78 Crore Through Equity, Convertible Warrants

Mumbai, June 3, 2025: Apollo Micro Systems Ltd (BSE: 540879, NSE: APOLLO) has approved a significant capital raise totalling ₹416.78 crore. The fundraise comprises a preferential issue of equity shares and convertible warrants, aimed at strengthening its financial position and supporting future growth plans.

₹308.29 Cr Raised Through Equity Allotment to Non-Promoters

The Securities Allotment Committee approved the issuance of 2,70,42,894 equity shares at a price of ₹114 per share (including ₹113 as premium). The total capital raised through this equity issuance stands at ₹308.29 crore.

Shares were allotted to 53 non-promoter investors, including:

• LIC Mutual Fund – 26.31 lakh shares
• Zeal Global Opportunities Fund – 30.16 lakh shares
• Minerva Ventures Fund – 25 lakh shares
• Al Maha Investment Fund – 25 lakh shares
• MGO High Conviction Fund – 30.70 lakh shares

Additional shares were distributed among domestic investors, HNIs, and institutional funds.

₹108.49 Cr Raised via Convertible Warrants

The company further approved the preferential allotment of 3,80,67,058 convertible warrants priced at ₹114 each, securing ₹108.49 crore as upfront payment (25% of the issue price). These warrants are convertible into equity shares within six months upon payment of the remaining ₹85.50 per warrant.

Allottees include:

• Promoter Group:
  • Baddam Kanishka Reddy – 84 lakh warrants
  • Baddam Chanakya Reddy – 84 lakh warrants
• Non-Promoter Investors:
  • Ebisu Global Opportunities Fund – 1 crore warrants
  • Individuals such as Aditya Halwasiya, Rajshri Karwa, Reena Karwa, among others, received substantial allotments.

Strategic Intent

The funds will be used for business expansion, R&D, and long-term working capital needs. The issue price complies with SEBI ICDR regulations, ensuring full regulatory adherence.

The Board meeting approving the allotment concluded at 9:25 p.m. on June 2, 2025.

REF:https://nsearchives.nseindia.com/corporate/APOLLO_02062025213710_Out_Come_of_Allotment_Committee.pdf

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