Apollo Micro Systems Shares in Focus After ₹75 Crore Warrant Conversion; Issues 87.65 Lakh Equity Shares

The allotment comes after the company received an aggregate warrant exercise amount of ₹74.95 crore, representing the balance payable by the warrant holders for converting their warrants into equity shares.  

Three investors participated

The equity shares were allotted to three investors:

* Ebisu Global Opportunities Fund Limited received 82.45 lakh equity shares.

* Srinivasa Reddy Akuri was allotted 5 lakh equity shares.

* Lata Dhiraj Shah received 20,000 equity shares.  

The newly allotted shares will rank pari passu with the company’s existing equity shares in all respects.  

Paid-up capital increases

Following the allotment, Apollo Micro Systems’ issued, subscribed and paid-up equity share capital has increased from 36.06 crore shares to 36.94 crore shares, reflecting the issuance of the fresh equity shares.  

The company stated that the warrants were originally allotted on a preferential basis in June 2025. The latest conversion is part of that fundraising exercise, with warrant holders paying the balance 75% of the issue price (₹85.50 per warrant) at the time of conversion. The total issue price per warrant was ₹114.  

Majority of warrants already converted

Apollo Micro Systems also disclosed that out of 3.80 crore preferential warrants issued earlier, 3.59 crore warrants have already been converted into equity shares. Any warrants not exercised within 13 months from the date of allotment will lapse, with the amount already paid by warrant holders liable to be forfeited by the company.  

The latest equity allotment further strengthens the company’s capital base while completing another phase of its preferential fundraising programme.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.