Apollo Micro Systems is coming out with an initial public offering (IPO) to raise about Rs 156 crore in a price band Rs 270- 275 per equity share. The issue will open on January 10, 2018 and will close on January 12, 2018. The company’s shares are proposed to be listed on the BSE and NSE.
Proceeds of the fresh issue would be utilized towards meeting additional working capital and for other general corporate purposes. Aryaman Financial Services is the sole book running lead manager to the issue.
The Hyderabad-based company is in the business of designing, development and manufacturing of electronics and electro-mechanical systems including software.