Apollo Micro Systems to acquire 26% of Premier Explosives at Rs 698 per share

Open offerAcquisition announcedStrategic Transactions View source PDF Explain this filing

PREMEXPLN · price

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹664.50

prior close

₹661.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.4% vs market

Chemicals & Petrochemicals peers, median of 192sector · industry level+0.1%-1.2% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.2 pts less than its Chemicals & Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-1.1+0.3-1.4+0.1-1.2

Next day

+1.5-0.9+2.4-0.7+2.2

-0.0-1.5+1.5-1.3+1.3

-0.4-1.1+0.7-1.2+0.8

+0.5+0.2+0.3+0.2+0.4

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15d

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+1.7+4.5-2.8+4.5-2.8

+4.1-2.2+6.4-1.2+5.4

UpDownMarket · Nifty Microcap 250Sector · Chemicals & Petrochemicals peers, median of 192Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Apollo Micro Systems has launched an open offer to buy up to 1.39 crore equity shares (26% of capital) of Premier Explosives at Rs 698 per share, totaling about Rs 975.66 crore. The offer is under SEBI SAST Regulations. Cumulative Capital is the manager to the offer. Detailed public statement was published on July 16, 2026 in Business Standard and other newspapers.

Likely market impact

Public shareholders can tender shares at Rs 698 per share. Total offer size about Rs 975.66 crore.