Description
Apollo Micro Systems Limited lists 1,21,47,964 new equity shares on BSE effective January 9, 2026, issued through conversion of warrants on a preferential basis to promoters and non-promoters.
Summary
BSE has approved the listing of 1,21,47,964 new equity shares of Apollo Micro Systems Limited (Scrip Code: 540879) effective January 9, 2026. These shares were issued at Rs. 114 per share (Rs. 1 face value + Rs. 113 premium) through conversion of warrants on a preferential basis to promoters and non-promoters. The allotment was completed on November 26, 2025, and the new shares rank pari-passu with existing equity shares.
Key Points
- 1,21,47,964 new equity shares of Rs. 1/- each issued at premium of Rs. 113/-
- Issued through conversion of warrants on preferential basis
- Distribution numbers: 342243737 to 354391700
- ISIN: INE713T01028
- Issue price: Rs. 114 per share
- Date of allotment: November 26, 2025
- Trading commences: January 9, 2026
- New shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the listing of these new securities
- Lock-in restrictions apply to the allotted shares as specified
- The shares are subject to SEBI regulations governing preferential allotments
Important Dates
- Allotment Date: November 26, 2025
- Trading Commencement: January 9, 2026
- Lock-in Expiry (14,61,764 shares): July 9, 2026
- Lock-in Expiry (1,06,86,200 shares): July 9, 2027
Lock-in Details
| Number of Shares | Distribution Numbers | Lock-in Period Until |
|---|---|---|
| 1,06,86,200 | 342243737-352929936 | July 9, 2027 |
| 14,61,764 | 352929937-354391700 | July 9, 2026 |
Impact Assessment
Market Impact: The addition of 12.1 million shares represents a significant increase in share capital. The two-tier lock-in structure (majority locked until July 2027) will limit immediate supply pressure on the stock.
Liquidity Impact: Medium-term liquidity impact as only 14.6 lakh shares become tradeable in July 2026, while the bulk (1.07 crore shares) remains locked until July 2027.
Shareholder Impact: Existing shareholders should note the dilution in equity. The preferential allotment to promoters and non-promoters at Rs. 114 per share will impact ownership percentages and earnings per share calculations.
Impact Justification
Significant equity dilution of 12.1 million shares through warrant conversion with lock-in periods, relevant for existing shareholders and market liquidity analysis