Apollo Micro Systems Limited Allots 33 Lakh Equity Shares Following Preferential Warrant Exercise
Apollo Micro Systems Limited has approved the allotment of 33,85,362 equity shares following the exercise of warrants on a preferential basis. The Securities Allotment Committee of the company sanctioned the conversion and subsequent issuance of these shares after receiving the warrant exercise price.The allotment was made on June 8, 2026. These new equity shares, each with a face value of Re. 1/-, will rank pari passu with existing equity shares of the Company.
Capital Restructuring Details
Upon the receipt of an aggregate amount amounting to Rs. 28,94,48,451/- as the Warrant Exercise Price, the company adjusted its capital structure. The issued and paid-up capital of Apollo Micro Systems Limited increased from Rs. 35,73,05,440/- to Rs. 36,06,90,802/-, consisting of a total of 36,06,90,802 equity shares of Re. 1/- each.The transaction involved the conversion and allotment of warrants issued previously to various investors.
| Metric | Details |
|---|---|
| New Shares Allotted | 33,85,362 Equity Shares |
| Face Value per Share | Re. 1/- each |
| Total Warrant Exercise Price Received | Rs. 28,94,48,451/- |
| Post-Allotment Paid Up Capital | Rs. 36,06,90,802/- |
Investor and Allotment Details
The preferential allotment involved six investors, who held various numbers of warrants. The details regarding the allotting companies are as follows:| Name of the Allottees | No of Warrants Applied For Conversion | No of Equity Shares Allotted | Warrant Exercise Price |
|---|---|---|---|
| Ebisu Global Opportunities Fund Limited | 17,54,385 | 17,54,385 | Rs. 85.50 |
| Rajshri Karwa | 10,00,000 | 10,00,000 | Rs. 85.50 |
| Ashish Jain | 5,00,000 | 5,00,000 | Rs. 85.50 |
| Rajesh Vanigota | 1,00,000 | 1,00,000 | Rs. 85.50 |
| Piyush Bhupendra Gala | 23,977 | 23,977 | Rs. 85.50 |
| Lata Dhiraj Shah | 7,000 | 7,000 | Rs. 85.50 |
Transaction Specifications
Regarding the security type and pricing for this preferential issue:- Type Security Issued: Equity Shares upon conversion of Warrants.
- Type of Issuance: Preferential issue.
- Total Securities Allotted: 33,85,362 Equity Shares at an issue price of Rs. 114.00 each.
- Pricing Structure: The allotment included a total payment of Rs. 28,94,48,451/- against the warrants. The conversion required a payment of Rs. 85.50 on top of the warrant exercise price.
Out of the initial 3,80,67,058 warrants issued, 2,71,58,348 have been converted into equity shares. The company noted that in instances where a warrant holder does not exercise their rights within thirteen months from the allotment date, unexercised warrants shall lapse and any amount paid on such Warrants will be forfeited.
APOLLO Stock Price Movement
Shares of Apollo Micro Systems Limited today slipped by 3.47% to settle at ₹407, finishing down ₹14.60 from previous close. The equity traded a total volume of 26.24 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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