Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, on Wednesday announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund. In a statement, the company said the preferential issue involved 2.70 crore equity shares allotted at Rs 114 each, aggregating to Rs 308 crore along with 3.80 crore convertible equity warrants issued at the same price, with 25 per cent upfront subscription, aggregating to Rs 108.5 crore in initial proceeds. An additional Rs 325.50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants' proceeds. As part of the preferential issue, the promoter group has subscribed to 1.68 crore convertible equity warrants. Halwasiya was allotted 15 lakh shares and an additional 15 lakh convertible .
As they look to leverage existing resources, launch differentiated funds
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Promoters will continue to retain operational control of firm
The fund has already committed nearly half of its capital across 12 investments, spanning sectors such as digital infrastructure, energy transition, and resource efficiency
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With this fresh equity infusion, goSTOPS, founded in 2014, aims to increase its capacity from 2,500 to 10,000 beds across 100 locations over the next 24 months
Says investors should focus on sectors and stories that could benefit from the current macroeconomic environment
The amount raised by equity issuances registered a compound annual growth rate (CAGR) of 9.2 per cent, reaching Rs 1.97 trillion at the end of FY24
Flexible office space providers are bullish on demand for managed workspace during 2025 as corporates look for agile and cost-effective solutions to reduce overheads. Many flexible workspace operators are expected to hit capital markets this year to raise funds for the expansion of their businesses. The overall gross leasing of office spaces across major seven cities hit an all-time high in 2024. The gross leasing of office space rose 19 per cent to a record 885.2 lakh square feet across eight major cities, according to Cushman & Wakefield. Flexible office space operators rented substantial space from real estate developers and property owners for renting out to small, medium and large enterprises. Bengaluru-based operator Simpliwork Offices CEO and Founder Kunal Walia said the company will keep expanding its portfolio across major cities to meet the rising demand for flexible workspaces. "Companies are increasingly seeking agile, cost-effective solutions to adapt to the evolving
However, we expect the focus to shift back to 'corporate earnings recovery' in the second half