Bookbuilding IPO | ₹156 Cr | Listed at BSE, NSE | Wed, Jan 10, 2018 - Fri, Jan 12, 2018
Apollo Micro Systems IPO is a book build issue of ₹156.00 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹156.00 crore.
Apollo Micro Systems IPO bidding started from Jan 10, 2018 and ended on Jan 12, 2018. The allotment for Apollo Micro Systems IPO was finalized on Jan 17, 2018. The shares got listed on BSE, NSE on Jan 22, 2018.
Apollo Micro Systems IPO price band is set at ₹275 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹13,750 (50 shares) (based on upper price). The lot size investment for sNII is 15 lots (750 shares), amounting to ₹2,06,250, and for bNII, it is 73 lots (3,650 shares), amounting to ₹10,03,750.
The issue includes a reservation of up to 20,000 shares for employees offered at a discount of ₹12.00 to the issue price.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Apollo Micro Systems IPO RHP for detailed Information.
IPO Open
Wed, Jan 10, 2018
IPO Close
Fri, Jan 12, 2018
Issue Price
₹275 per share
Market Cap (Pre-IPO)
₹570.46 Cr
| IPO Date | 10 to 12 Jan, 2018 |
| Listed on | Mon, Jan 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹270 to ₹275 |
| Issue Price | ₹275 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 12.00 per share |
| Employee Discount | ₹12.00 |
| Total Issue Size | 57,63,886 shares (agg. up to ₹156 Cr) |
| Fresh Issue | 57,63,886 shares (agg. up to ₹156 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,07,43,886 shares |
| BSE Script Code / NSE Symbol | 540879 / APOLLO |
| ISIN | INE713T01010 |
Apollo Micro Systems IPO comprises a total issue size of 57,63,886 shares. The net offer to the public is 57,43,886 shares, after excluding 20,000 shares under a preferential allotment. Of the Net offer 28,26,800 (49.21%) are allocated to QIB, 8,48,040 (14.76%) allocated to NII 20,69,046 (36.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 28,26,800 | 49.21% | 49.04% | NA |
| − Anchor Investor Shares Offered | 16,96,080 | 29.43% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 11,30,720 | 19.62% | NA | |
| NII (HNI) Shares Offered | 8,48,040 | 14.76% | 14.71% | NA |
| Retail Shares Offered | 20,69,046 | 36.02% | 35.90% | 41,380 |
| Preferential Reservations | ||||
| Employee Shares Offered | 20,000 | 0.35% | NA | |
| Total Shares Offered | 57,63,886 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹13,750 |
| Retail (Max) | 14 | 700 | ₹1,92,500 |
| S-HNI (Min) | 15 | 750 | ₹2,06,250 |
| S-HNI (Max) | 72 | 3,600 | ₹9,90,000 |
| B-HNI (Min) | 73 | 3,650 | ₹10,03,750 |
Apollo Micro Systems IPO raises ₹46.64 crore from anchor investors. Apollo Micro Systems IPO Anchor bid date is January 9, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jan 9, 2018 |
| Shares Offered | 16,96,080 |
| Anchor Portion (₹ Cr.) | 46.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Feb 16, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Apr 17, 2018 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1997, Apollo Micro Systems Limited is Hyderabad based company engaged in the business of electronic, electro-mechanical, engineering designs, manufacturing and supply. Company design, develop and sell high-performance, mission and time critical solutions to Defense, Space and Home Land Security for Ministry of Defense, government controlled public sector undertakings and private sectors.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defense and space customers. Company has participated in several Indigenous Missile programs, underwater electronic warfare, underwater missiles, surface to air missiles, nuclear missile programs, surface to surface missile programs, indigenous submarine programs UAV’s long and short endurance, ships, space programs.
Company's manufacturing facility is located at Hyderabad.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 118.92 |
| 2 | General corporate purposes | 26.67 |
| Total | 145.59 |
The Apollo Micro Systems IPO is subscribed 248.51 times on January 12, 2018 5:00:00 PM (Day 3). The public issue subscribed 40.19 times in the retail category, 101.93 times in the QIB category, and 958.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 101.93 | 11,51,875 | 11,74,06,000 |
| NII | 958.07 | 8,63,800 | 82,75,79,050 |
| Retail | 40.19 | 21,09,280 | 8,47,66,500 |
| Employee | 16.04 | 20,000 | 3,20,700 |
| Total | 248.51 | 41,44,955 | 1,03,00,72,250 |
Issue Structure: 50% QIB, 15% NII, and 35% Retail.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM & Registrar to the Issue, etc. | 5.50 |
| 2 | Brokerage and selling commission for Registered Brokers, RTAs and CDPs, Commission/ processing fee for SCSBs | 2.80 |
| 3 | Others | |
| 4 | Listing fees, SEBI filing fees, book building software fees | 0.55 |
| 5 | Printing and stationary | 0.85 |
| 6 | Advertising and marketing expenses | 0.35 |
| 7 | Miscellaneous | 0.36 |
| Total | 10.41 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹275.00 | ₹275.00 |
| Open | ₹478.00 | ₹465.00 |
| Low | ₹454.10 | ₹441.75 |
| High | ₹479.95 | ₹480.00 |
| Last Trade | ₹454.10 | ₹441.75 |
Lead Manager Reports
Apollo Micro Systems IPO is a main-board IPO of 57,63,886 equity shares of the face value of ₹10 aggregating up to ₹156 Crores. The issue is priced at ₹275 per share. The minimum order quantity is 50.
The IPO opens on Wed, Jan 10, 2018, and closes on Fri, Jan 12, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Apollo Micro Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Apollo Micro Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Apollo Micro Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Apollo Micro Systems IPO opens on Wed, Jan 10, 2018 and closes on Fri, Jan 12, 2018.
Apollo Micro Systems IPO lot size is 50, and the minimum amount required for application is ₹13,750.
You can apply in Apollo Micro Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Apollo Micro Systems IPO will be done on Wednesday, January 17, 2018, and the allotted shares will be credited to your demat account by Fri, Jan 19, 2018. Check the Apollo Micro Systems IPO allotment status.
The Apollo Micro Systems IPO listing date is on Mon, Jan 22, 2018.
