Description

Apollo Micro Systems Limited lists 1,21,47,964 new equity shares on BSE effective January 9, 2026, issued at Rs. 114/- per share through preferential allotment via warrant conversion.

Summary

BSE has approved the listing of 1,21,47,964 new equity shares of Apollo Micro Systems Limited (Scrip Code: 540879) with effect from Friday, January 9, 2026. These shares were issued at a premium of Rs. 113/- per share (face value Rs. 1/-) to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 1,21,47,964 equity shares of Rs. 1/- each
  • Issue price: Rs. 114/- per share (Rs. 1/- face value + Rs. 113/- premium)
  • Allotment basis: Preferential allotment through warrant conversion
  • Date of allotment: November 26, 2025
  • Trading commencement: January 9, 2026
  • ISIN: INE713T01028
  • Distinctive numbers: 342243737 to 354391700
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members must note the new securities are available for trading from January 9, 2026
  • Lock-in restrictions apply to all shares as per SEBI regulations for preferential allotment

Important Dates

  • Date of Allotment: November 26, 2025
  • Trading Commencement: January 9, 2026
  • Lock-in Expiry (Promoter/Non-Promoter holding 1,06,86,200 shares): July 9, 2027
  • Lock-in Expiry (Non-Promoter holding 14,61,764 shares): July 9, 2026

Lock-in Details

  • 1,06,86,200 shares (Dist. Nos. 342243737-352929936): Locked-in until July 9, 2027
  • 14,61,764 shares (Dist. Nos. 352929937-354391700): Locked-in until July 9, 2026

Impact Assessment

Market Impact: Medium - The addition of 12.1 million shares represents a significant capital raise through preferential allotment. The lock-in periods (1-3 years) provide some stability by preventing immediate selling pressure.

Shareholder Impact: Existing shareholders experience dilution from this preferential issuance. The shares are issued to both Promoters and Non-Promoters, which may impact ownership structure.

Liquidity Impact: Limited immediate impact on free float due to lock-in restrictions. Only after July 2026 will the first tranche of 14.6 lakh shares become tradeable, with the remaining 1.07 crore shares unlocking in July 2027.

Impact Justification

Significant equity dilution of 12.1 million shares through preferential allotment with lock-in periods, impacting existing shareholders but part of normal capital raising activity