| Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.
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| APOLLO TECHNO INDUSTRIES LIMITED |
| Corporate Identity Number: U29100GJ2016PLC091682 |
Our Company was originally incorporated as "Apollo techno Industries Private Limited" as a private limited company, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated April 26, 2016 issued by Deputy Registrar of Companies, Central Registration Centre having Corporate Identification Number U29100GJ2016PTC091682. The name of our company was changed to "Apollo Techno Industries Private Limited". Consequent upon change of name a fresh Certificate of Incorporation dated December 19, 2024 was issued by Registrar of Companies, Central Processing Centre. Subsequently, our Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company held on December 19, 2024 and consequently the name of our Company was changed to "Apollo Techno Industries Limited" pursuant to fresh certificate of incorporation dated December 27, 2024 issued to our Company by the Registrar of Companies, Central Processing Centre having Corporate Identification Number U29100GJ2016PLC091682. For details of change in registered office of our Company, please refer to chapter titled "History and Corporate Structure" beginning on page no. 148 of the Prospectus.
| Registered Office: Survey No. 60, Ahmedabad - Mehsana Highway, Mandali, Dist. Mahesana-384455, Gujarat, India. |
| Website: www.apollotechno.com; | E-Mail: cs@apollotechno.com | Telephone No: +91 9875170439 | Company Secretary and Compliance Officer: Alpeshkumar Kanubhai Parmar |
| THE PROMOTERS OF OUR COMPANY ARE PARTH RASHMIKANT PATEL, RASHMIKANT HARIBHAI PATEL, MANJULABEN RASHMIKANT PATEL, PARTH PATEL (HUF) AND RASHMIKANT HARIBHAI PATEL HUF |
| The issue has been made in accordance with Chapter IX of the SEBI ICDR Regulations (IPO of Small and Medium Enterprises) and the equity shares are proposed to be listed on SME Platform of BSE Limited. |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFER OF 3689000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF APOLLO TECHNO INDUSTRIES LIMITED ("ATIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 130/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 120/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 4,795.70 LAKHS ("THE ISSUE"), OF WHICH 185000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 130/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 120/- PER EQUITY SHARE AGGREGATING TO RS. 240.50 LAKHS WILLBE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 3504000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 130/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 120/- PER EQUITY SHARE AGGREGATING TO RS. 4,555.20 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTED 26.95% AND 25.60%, RESPECTIVELY, OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH.
| ANCHOR INVESTOR ISSUE PRICE RS. 130/- PER EQUITY SHARE OF FACE VALUE OF RS 10/- EACH | |
| ISSUE PRICE: RS. 130 PER EQUITY SHARE OF FACE VALUE RS 10/- EACH. | THE ISSUE PRICE IS 13 TIMES OF THE FACE VALUE |
| Risks to Investors: | |
1. Geographically, our revenues are highly dependent on our operations in the India more particularly in few selected States. Any adverse development affecting our operations in these regions could have an adverse impact on our business, financial condition and results of operations.
2. We derive a substantial portion of our revenue from the sale of Horizontal Directional Drilling (HDD) machines, representing 62.69%, 59.34%, 79.41% and 97.39% of our total sale of finished goods for the three months period ended on June 30, 2025 and financial years ended on March 31, 2025, 2024 and 2023, respectively and loss of sales due to a reduction in demand for these products would have a material adverse effect on our business, financial condition, results of operations and cash flows.
3. Our business is dependent on few numbers of clients. Our Top 10 customers contributed 67.01%, 58.03%, 54.36% and 57.35% of revenue from operations for the three months period ended on June 30, 2025 and the financial years ended on March 31, 2025, 2024 and 2023, respectively. The loss of any of these clients could have an adverse effect on our business, financial condition, results of operations and cash flows.
4. Several of our key raw materials and components are sourced from a limited group of suppliers, which exposes us to supplier concentration risks. Any restriction in supply or defects in quality could cause delays in project construction or implementation and impair our ability to provide our products to clients at a price that is profitable to us, which could have a material adverse effect on our business, financial condition and results of operations.
5. Our Company has experienced negative cash how in the past and may continue to do so in future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.
6. We are subject to strict compliance of quality requirements by our customers. Any failure in maintaining our quality accreditations and certifications may negatively impact our brand and reputation which may adversely affect our business, results of operations, financial condition, cash flows and future prospects.
7. Our Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of our Company.
8. Our business is dependent on our manufacturing units and we are subject to certain related risks. Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in our manufacturing operations, as well as an inability to effectively utilize our production capacity, could adversely affect our business, operations results, cash flows, and financial condition.
9. We do not have long term agreements with any of our customers, and hence may not realize all of the revenue expected from our existing or new customers and may not be able to accurately forecast demand for our products and plan production schedules in advance. If we are unable to predict customer demands and maintain optimal inventory level, there maybe an adverse effect on our results of operations, financial condition, and cash flows.
10. We have entered into a number of related party transactions and may continue to enter into such transactions under Ind AS 24 in the future. However, there can be no assurance that we could not have achieved more favourable terms had such transactions not been entered into with related parties.
11. The Book Running Lead Manager associated with the Issue has handled 68 public Issue out of which 2 Issue closed below Issue price on listing date below are the details;
| Particulars | Numbers of Issues Handled | Issue closed below Issue price on listing date |
| Main Board | 4 | Nil |
| SME | 64 | 2 |
2. Average cost of acquisition of Equity Shares held by the Promoters is mentioned below
| Sr. No. | Name of Promoters | No. of Equity Shares held | Average Cost of Acquisition per equity share* (in Rs) |
| 1. | Parth Rashmikant Patel | 2920000 | 2.89 |
| 2. | Rashmikant Haribhai Patel | 3500000 | 1.42 |
| 3. | Manjulaben Rashmikant Patel | 3500000 | 2.67 |
| 4. | Parth Patel (HUF) | 20000 | 27.50 |
| 5. | Rashmikant Haribhai Patel HUF | 20000 | 27.50 |
| TOTAL | 9960000 |
* The average cost of acquisition of Equity Shares by our Promoters has been calculated by taking into account the amount paid by them to acquire Shares and Shares allotted to them and we didn't consider amount received on sell of shares.
| ANCHOR INVESTOR BIDDING DATE WAS: MONDAY, DECEMBER 22, 2025 | |
| BID/ISSUE OPENED ON: TUESDAY, DECEMBER 23, 2025; | BID/ ISSUE CLOSED ON: FRIDAY, DECEMBER 26, 2025 |
This Issue was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBI ICDR Regulations and in compliance with Regulation 253 of the SEBI ICDR Regulations wherein not more than 50% of the Net Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), provided that our Company in consultation with the BRLM allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). Forty per cent of the Anchor Investor Portion was reserved as under i.e. -(i) 33.33 percent for domestic mutual funds; and (ii) 6.67 percent for life insurance companies and pension funds, subject to valid Bids having been received from such Investors at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. Further, 5% of the Net QIB Portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion was added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Issue was made available for allocation on a proportionate basis to Non-Institutional Investors of which (a) one third of the Non-Institutional Portion was reserved for Bidders with an application size of more than two lots and upto such lots equivalent to not more than 10 lakhs and (b) two-thirds of the Non-Institutional Portion was reserved for Bidders with an application size exceeding 10 lakhs, and not less than 35% of the Net Issue was available for allocation to Individual Investors (who applies for minimum application size of two lots), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All Potential Bidders, other than Anchor Investors, were required to participate in the Issue by mandatorily utilizing the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts was blocked by the Self Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, please refer to the chapter titled "Issue Procedure" on page 245 of the Prospectus.
The bidding for Anchor investors was opened and closed on Monday, December 22, 2025. The company received 11 Anchor Investors application for 1806000 Equity Shares. The Anchor Investor Allocation Price was finalized at Rs. 130.00 per Equity Share. A total of 1050000 Equity Shares were allotted under the Anchor Investor portion aggregating to Rs. 13,65,00,000.
The issue (excluding Anchor Investor Portion) received 38,601 applications for 129468000 Equity Shares (before rejections and after removing Multiple/Duplicate bids, and Bid not Banked) resulting in 49.06 times subscription (including reserved portion of market maker). The Details of the total Applications received in the issue from various categories are as under (before rejections):
| Sr. No. | Category | No of Applications | No of Equity Shares | No of Equity Shares Reserved | No of Times Subscription | Amount in Rs. |
| 1 | Market Maker | 1 | 185000 | 185000 | 1.00 | 2,40,50,000.00 |
| 2 | Qualified Institutional Buyers | 25 | 17660000 | 700000 | 25.23 | 2,29,58,00,000.00 |
| 3 | Non-Institutional Investors Upto 10 Lakhs | 3,799 | 11692000 | 175000 | 66.81 | 1,52,00,25,000.00 |
| 4 | Non-Institutional Investors Above 10 Lakhs | 4,995 | 40369000 | 351000 | 115.01 | 5,24,77,78,000.00 |
| 5 | Individual Investor* | 29,781 | 59562000 | 1228000 | 48.50 | 7,74,20,48,000.00 |
| TOTAL | 38,601 | 129468000 | 2639000 | 16,82,97,01,000.00 |
* Individual Investors means Individual Investors who applied for minimum application size for two lots.
| Final Demand |
A summary of the final demand as per BSE as on the Bid/Issue Closing Date at different Bid Prices is as under:
| SR. NO. | RATE | SHARES APPLIED | % TO TOTAL | CUMULATIVE TOTAL | CUMULATIVE % TO TOTAL |
| 1 | 123 | 264000 | 0.18 | 264000 | 0.18 |
| 2 | 124 | 12000 | 0.01 | 276000 | 0.18 |
| 3 | 125 | 71000 | 0.05 | 347000 | 0.23 |
| 4 | 126 | 84000 | 0.06 | 431000 | 0.29 |
| 5 | 127 | 10000 | 0.01 | 441000 | 0.29 |
| 6 | 128 | 30000 | 0.02 | 471000 | 0.31 |
| 7 | 129 | 42000 | 0.03 | 513000 | 0.34 |
| 8 | 130 | 149571000 | 99.66 | 150084000 | 100.00 |
| Total | 150084000 | 100.00 |
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on Monday, December 29, 2025.
1. Allocation to Individual Investor (After Rejections): The Basis of Allotment to the Individual Investors, who have bid at or above the Issue Price of Rs.130/- per equity shares, was finalized in consultation with BSE. The category was subscribed by 48.13 times i.e. for 59102000 Equity Shares. Total number of shares allotted in this category is 1228000 Equity Shares to 614 successful applicants. The category wise details of the Basis of Allotment as under:
| Sr No | Category | No. of Applications Received | % to total | Total No. of Equity Shares Applied | % to total | No. of Equity Shares Allotted Per Bidder | Ratio | Total No. of Equity Shares Allotted | |
| 1 | 2000 | 29,551 | 100.00 | 59102000 | 100.00 | 2000 | 8 | 385 | 1228000 |
| Total | 29,551 | 100.00 | 59102000 | 100.00 | 1228000 | ||||
2. Allocation to Non-Institutional Investors (up to Rs. 10 lakhs) (After Rejections): The Basis of Allotment to Non-Institutional Investors (up to Rs. 10 lakhs), who have bid at Issue Price of Rs. 130/- per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 66.33 times i.e. for 11607000 Equity Shares. The total number of shares allotted in this category is 175000 Equity Shares to 58 successful applicants. The category wise details of the Basis of Allotment are as under:
| Sr No | Category | No. of Applications Received | % to total | Total No. of Equity Shares Applied | % to total | No. of Equity Shares Allotted Per Bidder | Ratio | Total No. Of Equity Shares Allotted | |
| 1 | 3000 | 3,619 | 95.94 | 1,08,57000 | 93.54 | 3000 | 56 | 3619 | 168000 |
| 2 | 4000 | 82 | 2.17 | 328000 | 2.83 | 3000 | 1 | 82 | 3000 |
| 3 | 5000 | 24 | 0.64 | 120000 | 1.03 | 3000 | 0 | 24 | 0 |
| 4 | 6000 | 27 | 0.72 | 162000 | 1.40 | 3000 | 0 | 27 | 0 |
| 5 | 7000 | 20 | 0.53 | 140000 | 1.21 | 3000 | 0 | 20 | 0 |
| 6 | 0 | All applicants from Serial no 03 to 05 for 1 (one) lot of 3000 shares | 3000 | 1 | 71 | 3000 | |||
| 7 | 0 | 02 Allottees from Serial no 2 to 06 Additional 1(one) Lot of 1000 shares | 1000 | 1 | 2 | 1000 | |||
| Grand Total | 3,772 | 100.00 | 11607000 | 100.00 | 175000 | ||||
3. Allocation to Non-Institutional Investors (above Rs. 10 lakhs) (After Rejections): The Basis of Allotment to Non-Institutional Investors (above Rs. 10 lakhs), who have bid at Issue Price of Rs. 130/- per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 114.48 times i.e. 40182000 Equity Shares. The total number of shares allotted in this category is 351000 Equity Shares to 117 successful applicants. The category wise details of the Basis of Allotment are as under:
| Sr No | Category | No. of Applications Received | %of Total | Total No. of Equity Shares Applied | % To Total | No. Of Equity Shares Allotted Per Bidder | Ratio | Total No. Of Equity Shares Allotted | |
| 1 | 8000 | 4,879 | 98.11 | 39032000 | 97.14 | 3000 | 115 | 4879 | 345000 |
| 2 | 9000 | 44 | 0.88 | 396000 | 0.99 | 3000 | 1 | 44 | 3000 |
| 3 | 10000 | 26 | 0.52 | 260000 | 0.65 | 3000 | 1 | 26 | 3000 |
| 4 | 11000 | 6 | 0.12 | 66000 | 0.16 | 3000 | 0 | 6 | 0 |
| 5 | 12000 | 2 | 0.04 | 24000 | 0.06 | 3000 | 0 | 2 | 0 |
| ‘ 6 | 13000 | 1 | 0.02 | 13000 | 0.03 | 3000 | 0 | 1 | 0 " |
| 7 | 14000 | 2 | 0.04 | 28000 | 0.07 | 3000 | 0 | 2 | 0 |
| 8 | 16000 | 4 | 0.08 | 64000 | 0.16 | 3000 | 0 | 4 | 0 |
| 9 | 18000 | 1 | 0.02 | 18000 | 0.04 | 3000 | 0 | 1 | 0 |
| 10 | 19000 | 1 | 0.02 | 19000 | 0.05 | 3000 | 0 | 1 | 0 |
| 11 | 20000 | 2 | 0.04 | 40000 | 0.10 | 3000 | 0 | 2 | 0 |
| 12 | 22000 | 1 | 0.02 | 22000 | 0.05 | 3000 | 0 | 1 | 0 |
| 13 | 24000 | 1 | 0.02 | 24000 | 0.06 | 3000 | 0 | 1 | 0 |
| 14 | 30000 | 1 | 0.02 | 30000 | 0.07 | 3000 | 0 | 1 | 0 |
| 15 | 31000 | 1 | 0.02 | 31000 | 0.08 | 3000 | 0 | 1 | 0 |
| 16 | 115000 | 1 | 0.02 | 115000 | 0.29 | 3000 | 0 | 1 | 0 |
| Grand Total | 4,973 | 100.00 | 40182000 | 100.00 | 351000 | ||||
4) Allocation to QIBs excluding Anchor Investors (After Rejections): The Basis of Allotment to QIBs, who have bid at Issue Price of Rs. 130/- per Equity Shares or above, was finalized in consultation with BSE. The category was subscribed by 25.23 times i.e. for 17660000 Equity shares. As per the SEBI Regulations, 5% of Net QIB portion was reserved for mutual funds i.e. 35000 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 700000 (i.e. Including unsubscribed portion of 35000 Equity Shares from Mutual Fund) Equity Shares on a proportionate basis. The total number of shares allotted in this category is 700000 Equity Shares to 25 successful applicants. The category wise details of the Basis of Allotment are as under:
| CATEGORY | FIS/BANKS | MFS | ICS | NBFCS | AIF | FPC/FPI | VC'S | TOTAL |
| Allotment | - | - | - | 210000 | 272000 | 218000 | - | 700000 |
5) Allocation to Anchor Investors (After Rejections): The Company in consultation with the BRLM has allotted 1050000 Equity Shares to 11 Anchor Investors at Anchor Investor Issue Price of Rs 130/- per Equity Shares in accordance with the SEBI ICDR Regulations. The category wise details of the Basis of Allotment are as under:
| CATEGORY | FIS/BANKS | MF'S | IC'S | NBFCS | AIF | FPC/FPI | OTHERS | TOTAL |
| Allotment | - | - | - | 77000 | 973000 | - | - | 1050000 |
6) Allocation to Market Maker (After Rejections): The Basis of Allotment to Market Maker who have bid at Issue Price of Rs. 130/- per Equity Shares or above, was finalized in consultation with BSE. The category was subscribed by 1.00 times i.e. for 185000 Equity shares. The total number of shares allotted in this category is 185000 Equity Shares. The category wise details of the Basis of Allotment are as under:
| No. of Shares Applied for (Category wise) | No. of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | No. of Equity Shares allocated/ allotted per Applicant | Ratio | Total Number of shares allotted | |
| 185000 | 1 | 100.00 | 185000 | 100.00 | 185000 | 1 | 1 | 185000 |
| TOTAL | 1 | 100.00 | 185000 | 100.00 | 185000 | 185000 | ||
The Board of Directors of the Company on December 29, 2025, has taken on record the Basis of Allotment of Equity Shares as approved by BSE Limited and has allotted the Equity Shares to various successful bidders. The Allotment Advices-cum-Intimations and/or notices have been forwarded to the email ids registered with the depositories/as filled in the application form. Further, the instructions to Self-Certified Syndicate Banks for unblocking the funds & transfer to Public Issue Account have been issued on or before December 30, 2025 and payment to non-syndicate brokers has been issued on or before December 30, 2025. In case the same is not received within two working days, investors may contact at the address given below. The equity shares allotted to the successful allottees have been uploaded on December 30, 2025 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has fled the Listing application with BSE Limited on December 30, 2025. The Company has received the listing and trading approval from BSE Limited and trading will commence on December 31, 2025.
| INVESTORS PLEASE NOTE |
The details of the allotment made would also be hosted on the website of the Registrar to the issue, MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) at https://in.mpms.mufg.com/, All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Bid cum Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
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MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) |
| SEBI Registration Number: INR000004058 |
Address: C-101, Embassy 247,1st Floor, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India Tel. Number: +91 810 811 4949
Contact Person: Shanti Gopalkrishnan Email Id: apollotechno.smeipo@in.mpms.mufg.com Investors Grievance E-mail: apollotechno.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/ CIN: U67190MH1999PTC118368
| On behalf of Board of Directors | |
| For, Apollo Techno Industries Limited | |
| sd/- | |
| Date: December 30, 2025 | Parth Rashmikant Patel |
| Place: Mehsana, Gujarat | Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF APOLLO TECHNO INDUSTRIES LIMITED.
Apollo Techno Industries Limited is proposing, subject to market conditions, public issue of its equity shares and had fled the Prospectus with the Registrar of Companies, Ahmedabad. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.beelinemb.com, website of the BSE at www.bseindia.com and website of Issuer Company at www.apollotechno.com; Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 27 of the Prospectus, which has been fled with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.
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