Apollo Micro Systems IPO
Apollo Micro Systems IPO — date, price band, lot size & details 2018
Apollo Micro Systems listed on 22 Jan 2018 at ₹465, 69.1% above the ₹275 issue price.
Apollo Micro Systems is a Hyderabad based maker of electronic and electro mechanical systems for defence, space and homeland security. Its total income was Rs 211.80 crore in FY2017.
Stock price
Apollo Micro Systems is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 10 Jan 2018
- Close 12 Jan 2018
- Allotment 17 Jan 2018
- Refund/credit 18 Jan 2018
- Listing 22 Jan 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 12 Jan, 2018 |
|---|---|
| Price Band | ₹270 – ₹275 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹156 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 12.00 per share |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 13,750 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹275 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹13,750 |
| Retail (max) | 14 | 700 | ₹1,92,500 |
| S-HNI (min) | 15 | 750 | ₹2,06,250 |
| S-HNI (max) | 72 | 3,600 | ₹9,90,000 |
| B-HNI (min) | 73 | 3,650 | ₹10,03,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 108.77 crore in FY2015 to Rs 211.80 crore in FY2017.
- 02Profit after tax rose from Rs 7.45 crore in FY2015 to Rs 18.57 crore in FY2017.
- 03It serves defence, space and homeland security customers, including the Ministry of Defence; total assets were Rs 294.68 crore.
- 04Net worth rose from Rs 34.80 crore in FY2015 to Rs 76.25 crore on 30 September 2017.
Risks · 5
- 01Total borrowing was Rs 96.96 crore on 30 September 2017, above its net worth of Rs 76.25 crore.
- 02Rs 118.92 crore of the issue was for working capital, as defence customers pay slowly.
- 03Its orders depend on government defence budgets and customers such as the Ministry of Defence; profit was Rs 7.11 crore in six months to September 2017.
- 04Defence programmes can be delayed or cancelled; total assets were Rs 294.68 crore.
- 05Promoter holding fell from 88.48% before the issue to 63.92% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Apollo Micro Systems offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 294.68 | 245.86 | 202.96 | 134.72 |
| Total Income | 109.47 | 211.80 | 159.53 | 108.77 |
| Profit After Tax | 7.11 | 18.57 | 10.00 | 7.45 |
| NET Worth | 76.25 | 63.37 | 44.80 | 34.80 |
| Reserves and Surplus | 62.25 | 49.66 | 31.09 | 21.09 |
| Total Borrowing | 96.96 | 79.09 | 64.68 | 53.23 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹145.59 Cr of the issue is earmarked to named objects.
Apollo Micro Systems IPO Anchor Investors
4 anchor investors across 2 fund houses committed ₹46.64 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| National Westminister Bank Plc As Trustee Of The Jupiter India Fund | - | 666,150 | 18.32 | 39.28% |
| Sundaram Mutual Fund A/C Sundaram Infrastructure Advantage Fund | Sundaram Mutual Fund | 484,000 | 13.31 | 28.54% |
| Sundaram Mutual Fund A/C Sundaram Smile Fund | Sundaram Mutual Fund | 364,000 | 10.01 | 21.46% |
| Jupiter South Asia Investment Company Ltd - South Asia Access Fund | - | 181,900 | 5.00 | 10.72% |
| Total anchor allocation | 46.64 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It designs, develops and sells high performance, mission critical and time critical solutions for defence, space and homeland security.
Its customers include the Ministry of Defence, government owned public sector undertakings and private companies.
The IPO was Rs 156 crore and was entirely fresh issue at Rs 275, the top of the Rs 270 to Rs 275 band. Most of the money was for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Apollo Micro Systems IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Aryaman Financial Services Limited
12 issues handled (10 mainboard, 2 SME)Best listing: Indo Farm Equipment (+19.1%). Weakest: Karda Constructions (-24.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Apollo Micro Systems?
The current Grey Market Premium is ₹217.5, or 79% over the issue price.
What is the Apollo Micro Systems IPO price band?
₹270 to ₹275, on a face value of ₹10.
When is the allotment?
The basis of allotment is 17 January 2018, with listing on 22 January 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
