apollo

Business description from prospectus – Apollo Microsystems is an electronic, electro-mechanical, engineering designs, manufacturing and supplies company. It designs, develops and sells high-performance, mission and time critical solutions to Defence, Space and Home Land Security for Ministry of Defence, government controlled public sector undertakings and private sectors. Its customised solutions are developed using common hardware and software technology IP’s which can be re-configured to suit the end application and domain requirements of end customer. The repository of knowledge and technology base that the company has developed since inception is a strong base to outperform the competition and be abreast in the market. This supports the company to constantly upgrade the technologies to meet present and futuristic requirements of its customers.

The company offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers. The systems undergo various stages of approvals right from design, prototyping, functional acceptance, manufacturing and qualification testing. The company has its participation in several Indigenous Missile programmes, underwater electronic warfare, underwater missiles, surface to air missiles, nuclear missile programmes, surface to surface missile programmes, indigenous submarine programmes UAV’s long and short endurance, ships, space programmes.

Promoters of Apollo Microsystems – Karunakar Reddy Baddam

Apollo Microsystems IPO details
Subscription Dates 10 – 12 January 2018
Price Band INR270 – 275 per share (retail discount of INR12 per share)
Fresh issue INR156 crore
Offer For Sale Nil
Total IPO size INR156 crore
Minimum bid (lot size) 50 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

 

Objects of the Issue:

The objects of the issue are:
1. To meet additional working capital requirement of the Company
2. General corporate purposes

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 2,458.57 2,029.58 1,347.19 849.16 458.10
Total Revenue 2,117.99 1,595.32 1,087.68 728.82 374.58
Profit After Tax 185.71 100.01 74.48 53.34 29.59

 

Discount to Retail Investors & Employees

A discount of Rs 12 per equity share is offered to Retail Investors & Employee.

Issue Structure: 50% QIB, 15% NII, and 35% Retail.

Tentative timetable in respect of the Offer:

  • Bid/Offer Opens On: January 10, 2018
  • Bid/Offer Closes On: January 12, 2018/li>
  • Finalisation of Basis of Allotment: On or before January 17, 2018
  • Initiation of refunds: On or before January 18, 2018
  • Credit of Equity Shares to demat accounts: On or before January 19, 2018
  • Commencement of trading of the Equity Shares on the Stock Exchanges: On or before January 22, 2018

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