Apollo Techno Industries’ IPO will open on December 23 and close on December 26.

POSTED BY : ANAGHA  SAKPAL DT. 22/12/2025 📞  9004379946

Left: Mr. Parth Patel – Chairman & Managing Director, Apollo Techno Industries Limited. Right: CS Gagan Kohli – Associate Vice President . Beeline Capital Advisors Private Limited at the Apollo Techno Industries Limited IPO Press Conference in Mumbai

MUMBAI (RMN.IN):: Apollo Techno Industries Limited, the only domestic manufacturer in the country engaged in the production of Horizontal Directional Drilling (HDD) rigs and diaphragm wall drilling rigs, and one of the manufacturers of rotary drilling rigs, will have its IPO open on December 23 and close on December 26, 2025.
The company caters to the needs of various end-user industries across the country and in export markets. It aims to raise ₹47.96 crore through a fresh issue of 3,689,000 equity shares of face value ₹10 each. The price band has been fixed at ₹123 to ₹130 per share.
The lot size is 1000 equity shares. The equity shares are proposed to be listed on the BSE SME platform.

The anchor portion of the equity shares will not exceed 10,50,000, qualified institutional buyers will not exceed 7,00,000, non-institutional investors will not be less than 5,26,000, and individual investors will not be less than 12,28,000. Market makers have 1,85,000 equity shares.

The company will utilize the proceeds from the IPO to meet its working capital requirements and for general corporate expenses. The anchor portion will open on December 22nd, the issue will open on December 23rd and close on December 26th, 2025.
The book running lead manager for this issue is Beeline Capital Advisors Pvt. Ltd., and the registrar for the issue is MUFG Intime India Pvt. Ltd.

Parth Rashmikant Patel, Managing Director of Apollo Techno, said, “Apollo Techno is the only domestic manufacturer in India engaged in the production of Horizontal Directional Drilling (HDD) equipment and diaphragm wall drilling rigs, and one of the manufacturers of rotary drilling rigs. Over the past few years, we have focused on building strong indigenous manufacturing capabilities to meet India’s growing infrastructure needs and have also expanded our presence in select export markets. The funds raised from the IPO will support our growth plans and strengthen our position in the drilling equipment segments,” he added.