Apollo Micro Systems made its stock market debut on 22 January 2018 with an offer price between ₹270-275 per equity share. Since its listing, the company has delivered a significant 250% return to its initial allottees over nearly seven years. The share price performance has attracted attention from those focused on share market investment opportunities.
Multibagger returns in the share market
Apollo Micro Systems shares have been a standout performer, particularly over the past five years, during which they have delivered 1,146% returns. From a low of ₹11 in November 2022 to a peak of ₹147.50 in February 2024, the company has consistently captured investor interest.
Even after a recent correction to ₹91, the shares trade significantly above their initial IPO-adjusted level. Share market investment enthusiasts have taken note of this multibagger stock as it continues to highlight the potential of domestic businesses in defence and space technologies.
Key milestones in share market investment
The company underwent a stock split on 4 May 2023, reducing its share face value from ₹10 to ₹1. This adjustment made Apollo Micro Systems shares more accessible to retail investors. Adjusted for the stock split, the shares have still delivered multibagger returns, marking 250% growth for long-term holders over the past seven years.
Withdrawal of convertible warrants issue
Apollo Micro Systems recently made headlines after it announced the withdrawal of its convertible equity warrants issue. According to the company's statement on 21 November, the board decided to cancel the preferential issue of 2,45,00,700 convertible equity warrants due to the withdrawal of consent from proposed allottees.
The proposed allottees cited delays in opening the preferential offer as the reason for withdrawing their consent. This withdrawal significantly impacted the size and feasibility of the issue, leading to its cancellation.
Government focus boosts interest in the defence sector
Apollo Micro Systems has benefited from the Indian government's focus on reducing defence imports and encouraging domestic procurement. This shift has created opportunities for the company through increased order volumes and better financial performance, making it an attractive option for share market investment.
Share market investment potential of Apollo Micro Systems
Despite fluctuations, Apollo Micro Systems shares continue to present an intriguing option for those considering share market investment. The company's consistent growth in revenues and its involvement in high-value projects across the defence and space sectors underline its long-term potential.
Apollo Micro Systems' share price history
The share price trajectory of Apollo Micro Systems reveals a pattern of significant growth interspersed with periods of correction. From its IPO price to its current levels, the stock has demonstrated resilience and the potential to deliver returns over time. Its market performance has been driven by its strong business fundamentals and the rising investor interest in India's defence and space industries.
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