Apollo Micro Systems open offer for 26 percent of Premier Explosives at INR 698 per share

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

PREMEXPLN · 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

+0.7%Reaction day

₹680.00

prior close

₹682.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+0.7% vs market

Chemicals & Petrochemicals peers, median of 214sector · industry level-0.6%+1.3% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.3 pts more 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

+0.4

10m

+0.0

15m

+0.0

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+0.0+0.7-0.6+1.3

Next day

+0.8+1.3-0.5+0.7+0.1

+1.0+1.1-0.0+0.9+0.2

+1.5-1.7+3.2-1.1+2.5

+1.0-1.4+2.5-0.8+1.9

+0.9-0.6+1.5-0.1+1.0

+1.5+0.3+1.2+0.4+1.0

15d

-13.4-6.1-7.3-5.7-7.7

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UpDownMarket · Nifty Microcap 250Sector · Chemicals & Petrochemicals peers, median of 214Pending

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

AI summary

Apollo Micro Systems (Acquirer) has announced an open offer to acquire up to 1.39 crore equity shares, representing 26 percent of the equity capital, of Premier Explosives Limited from public shareholders. Offer price is INR 698 per share plus applicable interest of INR 7.65 per share, aggregating up to about INR 986.35 crore in cash. Cumulative Capital is the manager to the offer. Letter of Offer dated September 29, 2026 has been filed with BSE and NSE, following earlier public announcement and draft letter of offer submissions in July 2026.

Likely market impact

Public shareholders can tender shares at about INR 705.65 per share (price plus interest) or hold pending further developments from the acquirer.