Apollo Micro Systems IPO

Apollo Micro Systems Ltd (AMSL) has fixed May 4 as the record date to split its shares in ratio of 1:10. On March 28, the company's shareholders had approved a proposal for the share division through postal ballot, the company said in a statement. Subsequently, the board also passed the necessary resolution on April 6, 2023 and fixed May 4 as the record date for sub-division of shares, it said. One equity share of Rs 10 each will be sub-divided into 10 equity shares of Re one each fully paid up, AMSL said. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace and defence, among others.

The stock listed at Rs 478, a 74% premium against its issue price of Rs 275 per share on BSE

The institutional portion of the IPO was subscribed 104 times

Price band for the offer has been fixed at Rs 270-275

Apollo Micro Systems on Tuesday raised nearly Rs 470 million from anchor investors

Apollo Micro Systems on Tuesday raised nearly Rs 470 million from anchor investors