Monday, 15 January 2018

Apollo Micro Systems IPO subscribed 248.51 times@Highlight Investment

The IPO street seem to have continued its exuberance of last year. The first IPO of 2018, Apollo Micro Systems Ltd., closed today with an overall subscription of 248.51 times, a new record in recent years.

The QIB portion has been subscribed 101.93 times, the HNI portion 958.07 times, the retail individual investors portion 40.19 times and employees portion 16.04 times, as per data on NSE.

Apollo Micro Systems Limited caters primarily to the Defence and Aerospace sectors through electronic, electro-mechanical, engineering designs and manufacturing. In the IPO, the total number of bids received was 1,03,00,72,250 shares for 41,44,955 shares on offer.

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