Support and Resistance Levels
Past performance
About Apollo Techno Industries Ltd Apollo Techno Industries Limited, based in Mehsana, specializes in manufacturing specialized construction equipment. Established on April 26, 2016, as 'Apollotechno Industries Private Limited,' the company underwent several transformations, including becoming a public limited entity in December 2024. Its product portfolio features Horizontal Directional Drilling (HDD) rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs, and Spare Parts, catering to sectors like utilities installation, infrastructure foundations, and high-rise construction.
The company’s HDD rigs are used for installing critical utilities, including gas, water, sewer lines, optical fiber cables, and electrical conduits. The Diaphragm Drilling Rigs serve projects like deep basement foundations, retaining walls for rail and metro stations, and riverfront developments. Meanwhile, Rotary Drilling Rigs are key to foundation work for high-rise buildings and bridges. Its robust product development includes advancements like the Apollo A800, A1200, A900, and A3000 HDD Machines, alongside recent additions such as the Diaphragm Wall Drilling Rig launched in 2023-24.
Apollo Techno Industries began domestic sales in 2017-18 and entered international markets the same year with its A800 HDD Machine. Over the years, it has expanded its capabilities by consistently launching new models to meet diverse drilling and construction requirements. Notable milestones include exporting its first Apollo A2000 HDD Machine in 2020-21 and forming its subsidiary, Apollo Techno Equipments Limited, in 2021 to streamline operations and expand offerings.
To fuel further growth, Apollo Techno Industries Limited is planning an Initial Public Offering (IPO), issuing 3.7 million equity shares with a face value of Rs. 10 each through fresh issuance. This move aims to generate capital to support its expansion and innovation strategies, making it a noteworthy player in the construction equipment manufacturing industry.