Apollo Micro Systems: SEBI update on Premier Explosives open offer

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

APOLLO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.8%Reaction day

₹381.90

prior close

₹387.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.3%+0.6% vs market

Aerospace & Defense peers, median of 25sector-0.9%+1.7% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.7 pts more than its Aerospace & Defense 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

+0.2

10m

+0.4

15m

+0.3

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8+0.3+0.6-0.9+1.7

Next day

+2.0-0.2+2.2-1.1+3.1

+1.1+0.4+0.7+0.1+0.9

+1.1+0.2+0.9-1.2+2.2

+1.6+0.5+1.1-0.9+2.5

+1.1+0.8+0.3-1.4+2.5

+0.3-0.8+1.0-2.3+2.6

15d

+1.3-2.1+3.4-7.5+8.8

+4.2+0.2+4.0-4.0+8.2

+7.7-9.2+16.9-11.9+19.6

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UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 25Pending

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

AI summary

Apollo Micro Systems informed the exchange that SEBI has responded regarding its open offer for Premier Explosives Limited. The offer is for up to 1.39 crore equity shares (26 percent) of Premier Explosives at INR 698 per share. SEBI has set the tendering period to start within 12 working days of CCI approval. Payment to tendering shareholders will be made within 10 working days of the tendering period ending, with 10 percent annual interest for any delay.

Likely market impact

Open offer progress signals the acquisition is moving forward; clears a regulatory step for Premier Explosives shareholders awaiting tendering.