Apollo Micro Systems to acquire 41.33% in Premier Explosives; open offer at INR 697.52

Acquisition announcedOpen offerStrategic 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

-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 will buy 41.33% stake (2.22 crore shares) in Premier Explosives from promoter AKS Family Trust at INR 697.52 per share in cash. This triggers a mandatory open offer for up to 26% (1.40 crore shares) from public shareholders at the same price of INR 697.52. Premier Explosives makes solid propellants for missiles and countermeasure systems for defense and aerospace, with FY26 turnover of about INR 388 crore. Deal is subject to CCI and SEBI approvals and is expected to close in 4-5 months.

Likely market impact

Open offer at INR 697.52 gives public shareholders an exit option. Change of control likely; stock may trade around open offer price until deal closes.