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Apollo Pipes is engaged in manufacturing and trading of cPVC, uPVC, and HDPE pipes, PVC taps, fittings, water storage tank and solvent etc. It is among the top 10 leading piping solution providing Company in India. The products cater to an array of industrial applications such as Agriculture, Water Management, Construction,Infrastructure,and Telecom ducting segments.
Apollo Pipes will raise ₹189.10 Cr by issuing 31 lakh warrants at ₹610 each to non-promoter investors. These warrants convert to shares within 18 months. This fundraise supports the company's strategic entry into the tiles and ceramics business, with an overall investment plan of up to ₹300 Cr.