NewsCorporate ActionsApollo Micro Systems Bolsters Capital Base with Rs. 103.86 Crore Warrant ConversionApollo Micro Systems Bolsters Capital Base with Rs. 103.86 Crore Warrant Conversion
Apollo Micro Systems Limited has allotted 1,21,47,964 equity shares following the conversion of warrants by six allottees, including promoter group members and directors. The company received Rs. 103.86 crores as the warrant exercise price, increasing its paid-up capital from Rs. 34.22 crores to Rs. 35.44 crores. The new shares will have equal rights to dividends and voting, representing a 3.43% dilution based on the expanded equity base. The company's total assets have grown by 35.90% year-over-year, reaching Rs. 1,299.5 crores.
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Apollo Micro Systems Limited , a key player in the Indian technology sector, has strengthened its capital structure through a warrant conversion. The company announced the allotment of 1,21,47,964 equity shares, resulting from the conversion of warrants by six allottees, including promoter group members and directors.
Financial Implications
The warrant conversion has brought in a capital influx, with Apollo Micro Systems receiving Rs. 103.86 crores as the warrant exercise price. This move has led to an increase in the company's paid-up capital, which has risen from Rs. 34.22 crores to Rs. 35.44 crores.
Impact on Share Structure
The newly allotted shares will rank pari-passu with the existing equity shares of the company, carrying equal rights in terms of dividends and voting. This allotment represents a dilution of approximately 3.43% based on the expanded equity base.
Financial Position
To provide context on the company's financial standing, here's a snapshot of Apollo Micro Systems' key balance sheet metrics:
| Metric (in Rs. Crore) | FY 2025 (Current) | FY 2024 | YoY Change |
|---|---|---|---|
| Total Assets | 1,299.5 | 956.2 | 35.90% |
| Total Equity | 607.6 | 519.2 | 17.03% |
| Current Assets | 1,029.3 | 767.0 | 34.20% |
| Current Liabilities | 577.1 | 391.8 | 47.29% |
The company has shown growth across key financial metrics, with total assets increasing by 35.90% year-over-year.
Strategic Implications
The participation of promoter group members and directors in this warrant conversion may signal confidence in the company's prospects. It aligns the interests of key stakeholders with those of public shareholders.
Conclusion
Apollo Micro Systems' recent warrant conversion enhances its capital structure and may demonstrate confidence from its core stakeholders. As the company deploys this additional capital, investors and market watchers may be interested in observing how it translates into operational performance in the coming quarters.
Investors are advised to monitor the company's upcoming financial reports and management commentary for insights into how this capital infusion may be utilized.
Historical Stock Returns for Apollo Micro Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | -2.90% | -4.89% | +95.45% | +187.73% | +2,269.43% |
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