Apollo Micro Systems has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO). The public offer comprises sale of the company's equity shares aggregating up to Rs 156 crore. The company’s shares are proposed to be listed on the BSE and NSE.
Proceeds of the fresh issue would be utilized towards meeting additional working capital and for other general corporate purposes. Aryaman Financial Services is the sole book running lead manager to the issue.
The Hyderabad-based company is in the business of designing, development and manufacturing of electronics and electro-mechanical systems including software.
