Apollo Micro Systems Ltd a defence and aerospace company today announced two significant developments in its latest exchange filing. In the first filing the company stated that it had completed two major bidding processes within its normal course of business. Thus the company has been selected as the lowest bidder with a total bid of approximately Rs 39.27 crore. Additionally the company informed that DRDO has approved the Transfer of Technology (ToT) for the Mechatronic Fuze for grenades. At 12:10 pm the stock was trading at Rs 292.25 up 0.36 per cent or Rs 1.05 on the BSE while on the NSE it was trading at Rs 292.05 up 0.31 per cent or Rs 0.90. The company has a market cap of Rs 9712.47 crore. This defence stock has delivered a multibagger return of 144.95 per cent doubling investors money in just 6 months. Meanwhile the stock fell 12 per cent in the past week and 15 per cent in the past month. However it has gained over 62 per cent in the past three months. On an annual basis the stock has gained over 191 per cent in the past year over 1134 per cent in the past three years and over 2569 per cent in the past five years. Earlier the company 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 the 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 remaining 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. With PTI Inputs