The initial public offer (IPO) of Apollo Techno Industries received bids for 1,20,91,000 shares as against 26,39,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday (23 December 2025). The issue was subscribed 4.58 times.

The issue opened for bidding on Tuesday (23 December 2025) and it will close on Friday (26 December 2025). The price band of the IPO was between Rs 123 to Rs 130 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on BSE’s SME platform.

The IPO comprises fresh issue of 36,89,000 equity shares. About 1,85,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 35,04,000 equity shares. The issue and the net issue will constitute 26.95% and 25.60% respectively of the post offer paid up equity share capital of the company

The company intends to utilize the net proceeds to meet working capital requirement for general corporate purpose.

Ahead of the IPO, Apollo Techno Industries on Monday, 22 December 2025, raised Rs 13.65 crore from anchor investors. The board allotted 10.50 lakh shares at Rs 130 per share to 11 anchor investor.

Apollo Techno Industries is a leading manufacturer in the construction technology sector, specializing in trenchless technology and foundation equipment. The company offers Horizontal Directional Drilling rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs, and spare parts, supported by an in-house design and engineering team of five members. Apollo Techno provides quality products, refurbishment services, and sustainable solutions, catering to both domestic and international markets. With a strong focus on understanding customer needs and building long-term relationships, the company drives growth in key regions like Gujarat, Maharashtra, and Haryana. Its advanced drilling technologies enable efficient, environmentally friendly solutions for infrastructure, deep excavation, and structural support projects. As of 30 June 2025, the company had 154 employees.

The company recorded revenue from operations of Rs 24.54 crore and net profit of Rs 1.08 crore for the period ended 30 June 2025.