Posted 2/3/2024, 9:03:14 AM
Apollo Micro IPO Allottees Reap Over 3.5X Returns in 5 Years Courtesy Stock Split
- Apollo Micro Systems IPO launched in January 2018 at Rs. 270-275 per share
- IPO listed at 70% premium over issue price, delivering good returns to allottees
- Company went for 110 stock split in May 2023, increasing allottees' shareholding 10 times
- An allottee's investment of Rs. 13,750 for 50 shares at IPO would be worth Rs. 62,000 now
- This translates to around 350% returns in 4-5 years for IPO allottees who remained invested