Apollo Micro Systems to acquire 41.33% in Premier Explosives; open offer at INR 698

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 acquire 2.22 crore shares (41.33%) of Premier Explosives from promoters at INR 698 per share, triggering a mandatory open offer for up to 26% more shares at the same price. Premier Explosives manufactures solid propellants for missiles and countermeasure systems for defence and mining. FY26 turnover was INR 388.34 crore. The deal is all cash, subject to regulatory approvals, with completion expected in 4-5 months.

Likely market impact

Change of control at INR 698 per share. Public holders can tender shares in the open offer. Stock may trade near the offer price.