SEBI sets timeline for Apollo Micro Systems open offer for Premier Explosives

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PREMEXPLN · price

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

+0.3%Reaction day

₹665.00

prior close

₹676.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+0.1% vs market

Chemicals & Petrochemicals peers, median of 211sector · industry level+0.0%+0.3% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.3 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

-0.8

15m

-0.9

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.3+0.1+0.0+0.3

Next day

+0.2-0.2+0.3+0.0+0.2

+0.9+0.4+0.5+0.3+0.6

+0.2+0.2-0.0+0.0+0.2

-0.2+0.5-0.7+0.4-0.6

-0.4+0.8-1.2+0.2-0.6

+0.5-0.8+1.3-0.2+0.6

15d

+0.5-2.1+2.6-0.3+0.8

+2.3+0.2+2.1+1.5+0.8

-7.7-9.2+1.5-7.0-0.7

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UpDownMarket · Nifty Microcap 250Sector · Chemicals & Petrochemicals peers, median of 211Pending

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

AI summary

SEBI has set the timeline for the open offer by Apollo Micro Systems Limited to acquire up to 1,39,77,911 equity shares (26 percent of equity capital) of Premier Explosives at INR 698 per share. Tendering period must start within 12 working days from CCI approval. Payment to successful shareholders must be made within 10 working days from the last tendering date, with the acquirer paying 10 percent annual interest on any delay.

Likely market impact

Open offer timeline confirmed by SEBI. No negative regulatory action. Shareholders awaiting CCI approval before tendering window opens.