Apollo Micro Systems Limited’s IPO opens on 10th January 2018. Price Band fixed at Rs 270 – Rs. 275

  à  Apollo Micro Systems designs & develops high-performance, custom built ruggedized Electronics & Electro-mechanical Systems for mission and time critical solutions meant to with-stand extreme environmental conditions in Aerospace, Defense, Space, Home Land Security and Transportation.
  à India is among the largest importers of conventional defense equipment and spends about 31.5% of its total defense budget of USD 40 billion on capital acquisitions of which 60% are met through imports.
  à The proceeds from the IPO are proposed to be used in additional working capital requirements and general corporate purposes
  à For the Fiscal 2017, Fiscal 2016 and Fiscal 2015 , our total income, was Rs 21,179.98 lacs, Rs 15,953.17 lacs and Rs 10,876.83 lacs respectively and our profit after tax, was Rs 1,857.11 lacs, Rs 1,000.05 lacs and Rs 744.76 lacs respectively.
  à The Company's Order Book is Rs 9,750.11 lacs as of November 25, 2017.

Mumbai 4th January: Apollo Micro Systems, a profit making company existing for over 20 years and offering integrated solutions to the Aerospace, Defense, Space, Home Land Security and Transportation sectors, announced an Initial Public Offering (IPO) to finance its working capital requirements and general corporate purposes. The IPO of Rs. 156.00 crores of face value of Rs. 10 each for cash at a premium offered through a book-building route at a price-band of Rs. 270 – Rs. 275 per equity share. A discount ` 12/- on the Issue Price is offered to Retail Individual Investors (“Retail Discount”) and to Eligible Employees Bidding in the Employee Reservation Portion (“Employee Discount”). The Book Running Lead Manager is Aryaman Financial Services Limited. The IPO would open for public subscription on 10th January and close on 12th January with subscription for Anchor Investors opening on 9th January 2018. The shares will be listed on NSE and BSE.
For the Fiscal 2017, Fiscal 2016 and Fiscal 2015 , our total income, was Rs 21,179.98 lacs, Rs 15,953.17 lacs and Rs 10,876.83 lacs respectively and our profit after tax, was Rs 1,857.11 lacs, Rs 1,000.05 lacs and Rs 744.76 lacs respectively.
The Company's Order Book is Rs 9,750.11 lacs as of November 25, 2017.
Apollo Micro Systems Limited is an electronic, electro-mechanical, engineering designs, manufacturing company. Our Company has been a research driven Make–in-India success story. The Company designs & develops high-performance, custom built ruggedized Electronics & Electro-mechanical Systems for mission and time critical solutions meant to with-stand extreme environmental conditions in Aerospace, Defense, Space, Home Land Security and Transportation Sectors.
Apollo Micro Systems has participated in several Indigenous Missile programmes, underwater electronic warfare, underwater weapon, surface to air missiles, nuclear missile programmes, surface to surface missile programmes, indigenous submarine programmes UAV’s long and short endurance, ships, space programmes.
Apollo Micro Systems offers both On-Board systems as well as Ground Support equipment. The solutions offered by us are used during development and user trials and qualify us to be a part of supply chain in production phase.
The Indian aerospace and defense market presents an attractive and significant opportunity to various industry stakeholders across the supply chain. India is one of the fastest-growing global defense markets and spends annually USD 40 billion on the sector. This works out to 1.62% of India’s GDP in FY17. India is among the largest importers of conventional defense equipment and spends about 31.5% of its total defense budget on capital acquisitions of which 60% are met through imports.
Defense expenditure is expected to continue to grow primarily due to the country’s ageing military hardware and technology which is in dire need of replacing, and demands for defense against domestic insurgencies and hostility from neighboring countries.
GoI has laid out the Defense Offset policy and transparent bidding guidelines for defense procurement procedure (DPP). This provides tremendous growth opportunities to existing Indian players in the ESDM sector – for both defense and non-defense. Apollo Micro Systems is would be among the key beneficiaries of governments import-substitution drive.

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