Triple-Digit PE Defence Stock Receives NSE and BSE Trading Approval for 1.43 Crore Preferential Shares; Check Details
Join Us
Follow Us
Apollo Micro Systems has received NSE and BSE approvals for the listing and trading of 1.43 crore equity shares issued upon the conversion of preferential warrants allotted to non-promoter investors.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index declining 95.05 points, or 0.40 per cent, to 23,774.55. Amid the weak market sentiment, Apollo Micro Systems share price declined 0.32 per cent to Rs 394.25 after the company announced that the National Stock Exchange (NSE) and BSE had granted trading approvals for equity shares issued pursuant to the conversion of preferential warrants.
Want to Ride Fast-Moving Market Trends?
Explore DSIJ’s Momentum Pick - a research-driven service focused on fundamentally strong momentum stocks with the potential for short- to medium-term gains.
Download Service BrochureApollo Micro Systems Receives NSE and BSE Approval
Apollo Micro Systems informed the exchanges that the NSE and BSE have granted trading approvals for 1,42,94,072 equity shares of Re 1 each, issued upon the conversion of convertible warrants that were allotted to non-promoter investors on a preferential basis. The approvals were granted on July 22, 2026, and the newly issued shares have been admitted for trading on both exchanges with effect from July 23, 2026.
The total allotment comprises 33,85,362 equity shares allotted on June 8, 2026, 87,65,615 equity shares allotted on June 17, 2026, and 21,43,095 equity shares allotted on June 23, 2026. All these shares were issued at Rs 114 per share, including a premium of Rs 113 per share, following the conversion of preferential warrants held by non-promoter investors.
Also Read - Multi-bagger IT Major to Establish Global Technology Center in Bhubaneswar; Facility to Employ 5,000 People
New Shares to Remain Under Lock-in Until January 2027
The company stated that all the newly listed equity shares will remain under a lock-in period until January 23, 2027, in accordance with SEBI regulations governing preferential allotments. Apollo Micro Systems also confirmed that the shares will rank pari-passu with the existing equity shares of the company in all respects from the date of listing.
About Apollo Micro Systems
Apollo Micro Systems Ltd is a Defence and Aerospace company engaged in the design, development and manufacturing of mission-critical electronic systems and solutions for defence, space and homeland security applications. The company supplies advanced electronic and electro-mechanical systems to organisations including DRDO, ISRO, Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), Bharat Dynamics Limited (BDL) and various defence establishments.
The company has a diversified product portfolio covering weapon systems, avionics, naval systems, communication equipment, surveillance systems, electronic warfare, homeland security and space electronics. Apollo Micro Systems continues to expand its manufacturing capabilities and product offerings to support India's defence indigenisation and self-Reliance initiatives.
Add DSIJ as your preferred news source on G o o g l e
Add NowShare your thoughts on Apollo Micro Systems' latest preferential share listing in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.