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Apollo Micro Systems, a company engaged in aerospace, defence and transportation sectors, is coming out with an IPO to raise Rs 156 crore by offer of equity shares of Rs 10 each for cash at a premium in the price band of Rs 270-275 per equity share.
The issue, being offered through a book-building route, come with a discount of Rs 12 to retail individual investors.
The IPO would open for public subscription on January 10 and close on 12th with subscription for Anchor Investors opening on January 9.
The shares will be listed on NSE and BSE.
The proceeds from the IPO are proposed to be used in additional working capital requirements and general corporate purposes.
For the fiscal 2017, fiscal 2016 and fiscal 2015, the company closed with total income of Rs 211.79 crore, Rs 159.53 crore and Rs 108.76 crore respectively and profit after tax of Rs 18.57 crore, Rs 10 crore and Rs 7.44 crore respectively, the company informed in a statement.
The company's has an order book of Rs 97.50 crore as of November 25, 2017.
Engaged in electronic, electro-mechanical, engineering designs, the company designs and develops high-performance, custom built ruggedized electronics and electro-mechanical systems for mission and time critical solutions.
It has participated in several Indigenous Missile programmes.
Aryaman Financial Services Limited is the Book Running Lead Manager.
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