Apollo Micro Systems to acquire 26% in Premier Explosives via open offer at INR 698/share

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

PREMEXPLN · price

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

-4.0%Reaction day

₹714.00

prior close

₹720.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-5.4% vs market

Chemicals & Petrochemicals peers, median of 192sector · industry level+0.8%-4.9% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.9 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

-2.2

10m

-2.2

15m

-2.5

30m

-3.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0+1.4-5.4+0.8-4.9

Next day

-5.9+1.5-7.4+0.6-6.5

-6.4+0.5-6.9+0.3-6.7

-6.2+1.1-7.3+0.0-6.2

-6.7+0.7-7.3+0.4-7.1

-7.0-0.4-6.6-0.4-6.6

-8.0+0.5-8.5+0.5-8.5

15d

-7.0+0.1-7.1-0.1-6.9

-9.1+3.5-12.6+1.9-11.1

-6.6+5.8-12.4+6.7-13.3

-3.9+2.4-6.3+2.8-6.7

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 announced an open offer to buy up to 1.39 crore shares (26%) of Premier Explosives from public shareholders at INR 698 per share, worth up to INR 975.66 crores. This follows an SPA to acquire 2.22 crore shares (41.33%) from AKS Family Trust for INR 1,550 crores. Post deal, Apollo Micro Systems will become the promoter with up to 67.33% stake. No delisting planned. Detailed public statement expected by July 16, 2026.

Likely market impact

Open offer gives public shareholders a cash exit at INR 698 per share. Change of control to Apollo Micro Systems could lead to strategic shifts but no delisting planned.