Apollo Micro Systems rises on securing Make-II Prototype Sanction Order from Indian Navy
Apollo Micro Systems is currently trading at Rs. 400.55, up by 10.10 points or 2.59% from its previous closing of Rs. 390.45 on the BSE.
The scrip opened at Rs. 392.90 and has touched a high and low of Rs. 406.25 and Rs. 387.90 respectively. So far 850245 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 466.70 on 03-Jul-2026 and a 52 week low of Rs. 162.25 on 28-Jul-2025.
Last one week high and low of the scrip stood at Rs. 406.80 and Rs. 381.50 respectively. The current market cap of the company is Rs. 14951.31 crore.
The promoters holding in the company stood at 51.98%, while Institutions and Non-Institutions held 5.45% and 42.58% respectively.
Apollo Micro Systems (AMS) has been awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy for the development of the SAVIOR-ASW the Semi-Submersible Autonomous Vessel for Intelligence, Operations and Reconnaissance. This award marks AMS's formal entry into the rapidly expanding domain of autonomous maritime and underwater warfare systems, and stands as one of the most significant indigenous defence technology milestones in the company's history.
The Make-II category is one of India's most progressive defence procurement pathways under the Defence Acquisition Procedure (DAP). Indian companies are invited to develop fully funded indigenous prototypes of advanced military systems with the Government committing to procure successful prototypes at scale. A Prototype Sanction Order is the formal green light to begin this development, backed by the full procurement intent from the Indian Navy.
For Apollo Micro Systems, this PSO is more than a contract. It is the Indian Navy's formal endorsement of AMS as the company capable of designing and delivering a world-class autonomous maritime surveillance system entirely from Indian soil a true Atmanirbhar Bharat achievement in advanced defence technology.
