Apollo Micro Systems open offer to acquire 26 percent of Premier Explosives at Rs 698 per share

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

PREMEXPLN · price

Loading chart…

▲ 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

-0.4%Reaction day

₹664.45

prior close

₹660.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.8% vs market

Chemicals & Petrochemicals peers, median of 189sector · industry level+0.1%-0.4% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.4 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

+0.7

10m

+1.1

15m

+1.2

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+0.4-0.8+0.1-0.4

Next day

+0.5+1.8-1.2+1.4-0.8

-0.2+0.5-0.7+0.5-0.7

-0.4+0.9-1.3+0.9-1.2

-1.3+0.3-1.7-0.2-1.1

-0.1+1.4-1.5+0.6-0.6

-0.4+3.2-3.7+2.4-2.9

15d

-1.6+5.4-7.0+2.6-4.3

+0.4+6.4-6.0+2.2-1.8

+2.4+6.3-4.0+4.3-1.9

-7.6-3.6-4.0-5.1-2.5

UpDownMarket · Nifty Microcap 250Sector · Chemicals & Petrochemicals peers, median of 189Pending

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

AI summary

Apollo Micro Systems Limited is making a cash open offer to acquire up to 1.39 crore equity shares (26 percent stake) of Premier Explosives Limited at Rs 698 per share, totaling up to Rs 975.66 crores. This follows a Share Purchase Agreement to buy 41.33 percent from promoter AKS Family Trust for Rs 1,550 crores. Tendering period: September 1 to 15, 2026.

Likely market impact

Major acquisition with promoter exiting. Shareholders can tender shares during Sep 1 to 15 window. Likely to drive near-term price action.