Apollo Micro Systems Limited has informed the Exchange about General Updates
APOLLO · price
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Apollo Micro Systems Limited has received trading approval from NSE and BSE for 28,89,044 equity shares of Re. 1 each, issued at a premium of Rs. 113 (issue price Rs. 114) to Non-Promoters on a preferential basis. These shares were allotted on December 2, 2025, following the conversion of warrants that were earlier issued on a preferential basis. The new shares will be tradable from March 19, 2026, ranking equally with existing equity shares. All 28,89,044 shares carry a lock-in period until September 19, 2026, meaning they cannot be sold for about six months from the listing date.
The conversion of warrants into actual shares increases the company's share count, leading to mild dilution for existing shareholders. However, the company has already received the warrant exercise money, and the 6-month lock-in prevents immediate selling pressure, giving some stability to the stock post-listing.