The company said it will issue 1.9 million warrants to Nexpact Limited, Mauritius and 1.2 million warrants to Maybank Securities Pte. Ltd.
In the past one month, the stock has outperformed market as shares surged 25 per cent, as against 4.4 per cent decline in the S&P BSE Sensex
Shares of Apollo Micro Systems rallied 15 per cent on the BSE in Monday's intra-day trade amid back of heavy volumes to hit a fresh 52-week high of Rs 189.40
The Company bagged a supply order from Bharat Electronics worth Rs 49.86 crore with a repeat order clause, for maximum of 120 per cent of the units originally ordered
The stock moved higher by 16% to Rs 326, bouncing back 18% from its early morning low on the BSE on back of heavy volumes.
The IPO will open on January 10 and close on January 12