Apollo Micro Systems listed 1.42 crore equity shares on the National Stock Exchange of India (NSE) and BSE Limited on July 23, 2026, following the conversion of warrants allotted to non-promoters. The shares, issued at a price of ₹114 each, were admitted to dealings on both exchanges with effect from Thursday, July 23, 2026. The listing follows trading approvals granted by the exchanges on July 22, 2026. This issuance expands the company’s capital base through the conversion of previously allotted convertible warrants.

The preferential issue comprises three tranches of shares converted from warrants allotted on June 8, June 17, and June 23, 2026. The securities rank pari-passu with the existing equity shares of the company. Each share carries a face value of ₹1 and was issued at a premium of ₹113. Managing Director Karunakar Reddy Baddam confirmed the listing in a notice dated July 23, 2026.

Issue Details

The total issue size consists of 1,42,94,072 equity shares. The allotment dates for the three tranches were June 8, June 17, and June 23, 2026. All shares issued under this preferential basis are subject to a lock-in period ending January 23, 2027.

The ISIN for the newly listed securities is INE713T01028. The shares are traded under the symbol 'APOLLO' on the NSE and carry the scrip code 540879 on the BSE. The notices confirming the listing were issued by Janardhan Wagle, Deputy Vice President of BSE, and Srishti Soni, Manager at NSE.

Regulatory Compliance

Apollo Micro Systems Limited submitted all critical price-sensitive information under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, via the NSE Electronic Application Processing System (NEAPS). The exchange approvals confirm that the shares are permitted to trade effective July 23, 2026, with no further conditions attached to the initial listing phase.

Apollo Micro Systems has been awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy for the design, development, and prototype demonstration of the Semi-Submersible Autonomous Vessel for Intelligence, Operations and Reconnaissance (SAVIOR-ASW). This project marks the company's formal entry into the domain of autonomous maritime and underwater warfare systems, reinforcing its role in India's critical defence technology ecosystem. The award represents a significant advancement in indigenous underwater warfare capabilities, aligning with the Government of India's Atmanirbhar Bharat initiative to promote self-reliance in defence manufacturing.

Project Details

The SAVIOR-ASW is an unmanned, semi-submersible maritime platform designed for persistent Anti-Submarine Warfare (ASW) surveillance. The system is capable of autonomous operations for extended durations and utilizes advanced acoustic sensors, AI/ML-based target classification, and encrypted multi-channel communication systems. It operates silently beneath the sea surface, using a sophisticated hydrophone array to listen for submarines and underwater threats, and transmits intelligence continuously to Naval command centres.

Strategic Significance

The Board of Directors and Management view this award as a defining milestone in Apollo Micro Systems Limited's growth journey. It underscores the company's technological capabilities and execution excellence in developing state-of-the-art, futuristic defence solutions. The order highlights the Indian Navy's commitment to sourcing advanced technologies from domestic manufacturers to enhance national security. The global autonomous maritime systems market is estimated to reach $10 Bn by 2032, presenting a substantial opportunity for the company.

Order Framework

The key parameters of the order are outlined below:

Under the Make-II category, there is no cost obligation on the Government during the prototype development phase. The Government is committed to procurement upon the successful demonstration of the prototype. This framework enables the Navy to enhance maritime domain awareness while optimizing capital allocation and reducing the total cost of ownership compared with relying solely on conventional ASW vessels.