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Apollo Micro Systems IPO subscribed 248 times

Press Trust of India  |  New Delhi 

The initial public offer (IPO) of Apollo Micro Systems, which caters primarily to the defence and aerospace sectors, was subscribed a staggering 248.37 times on the last day of bidding today.

The IPO to raise Rs 156 crore received bids for 1,02,94,92,300 against the total issue size of 41,44,955 shares, data available with the till 1945 hrs showed.

on Tuesday raised nearly Rs 47 crore from anchor investors.

Price band for the offer has been fixed at Rs 270-275.

Proceeds of the IPO will be used to meet additional working capital and for other

of the company will be listed on and

Services Limited is the book running lead

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 20:15 IST