Defence Stock Apollo Micro Systems Gains on Share Allotment
Shares of Apollo Micro Systems, a multibagger defence stock, climbed around 2% on Thursday, November 20, 2025. This positive movement came after the company officially informed the stock exchanges about the allotment of a significant number of equity shares.
Details of the Warrant Conversion
The company's Board of Directors approved the allotment of 65,69,000 equity shares on November 19, 2025. This action was taken upon the conversion of warrants that were originally issued on a preferential basis. The development is a key part of the company's ongoing strategy to raise capital.
This specific conversion is a follow-up to a larger issuance of 3,80,67,058 warrants that Apollo Micro Systems had allotted to 30 allottees back on June 2, 2025. Each of these warrants is convertible into one equity share with a face value of Re 1.
The company received a total of ₹56.16 crore as the warrant exercise amount from three investors. The breakdown of the allotment is as follows:
- Mr. Baddam Kanishka Reddy: 61,15,000 shares
- Superstar Investments Private Limited: 3,54,000 shares
- Mr. Srinivas Reddy Gangula: 1,00,000 shares
Impact and Future Conversion Window
With this conversion, the paid-up share capital of Apollo Micro Systems has increased to ₹34.22 crore, which now comprises 34,22,43,736 equity shares. This infusion of capital provides the company with greater financial flexibility to pursue its future growth plans in the defence sector.
This latest allotment means that a total of 87,11,282 warrants have now been converted into equity shares. A significant number of warrants, 2,93,55,776, remain eligible for conversion.
In a related decision, the Board approved an extension for the conversion of these remaining warrants. The deadline has been pushed from December 1, 2025, to June 30, 2026. This extension, approved under the authority granted by shareholders at an Extraordinary General Meeting on February 4, 2025, is intended to protect the financial interests of both the company and its warrant holders. The company clarified that any warrants not exercised by the new deadline will lapse, and the amount paid on them will be forfeited.
Stock Market Performance
Investors reacted positively to the news, driving the stock price to an intraday high of ₹285.65, a gain of 2.2%. While the stock is currently about 19% away from its 52-week high of ₹354.65, hit in September 2025, its performance over the past year has been remarkable.
From its 52-week low of ₹90.40 in November 2024, the scrip has delivered multibagger returns, soaring 216%. It has also rallied over 200% in the last 1 year, 109% in the past 6 months, and 39% in the last 3 months, cementing its status as a high-performing defence stock.
