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Apollo Micro Systems Limited Lists 7,624,700 Equity Shares on Preferential Basis

Apollo Micro Systems Limited has received trading approval for 7,624,700 equity shares following the conversion of warrants issued on a preferential basis. The shares will commence trading on July 18, 2024, on both NSE and BSE.

Apollo Micro Systems Limited announced on July 16, 2024, that it has received trading approval for 7,624,700 equity shares of Rs. 1/- each from both the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE). These shares were issued and allotted on a preferential basis to non-promoters following the conversion of warrants.

The company confirmed that these shares will be listed and available for trading on the NSE and BSE starting from July 18, 2024. The issued shares will rank pari-passu with the existing equity shares of the company.

Details of the Equity Shares:

• Total Number of Shares: 7,624,700
• Issue Price: Rs. 18.60 per share
• ISIN: INE713T01028
• Distinctive Numbers: From 298864861 to 306489560
• Lock-in Period:
  • 2,160,000 shares: From 298864861 to 301024860, locked in until January 30, 2026
  • 5,464,700 shares: From 301024861 to 306489560, locked in until January 30, 2025

Official Statements: The trading approval notice from the NSE stated, "The above equity shares of the Company are listed and admitted to dealings on the Exchange from July 18, 2024." Similar confirmations were issued by the BSE.

Karunakar Reddy Baddam, Managing Director of Apollo Micro Systems Limited, expressed his satisfaction with the approval, noting that this move aligns with the company’s growth and expansion strategy.