Apollo Micro Systems Shares in Focus; Empanelled by IAF as Prime Development Agency for IPREK

Apollo Micro Systems Ltd. has been empanelled by the Indian Air Force (IAF) as a Prime Development Agency for the Indigenous Precision Range Extension Kit (IPREK) programme under the Make-II (Industry Funded) category of the Defence Acquisition Procedure (DAP) 2020, as per the exchange filings.  

The empanelment marks the company's entry into India's precision guided munition (PGM) segment, a strategic defence category that has traditionally relied on imports.  

Make-II Programme Supports Indigenous Development 

Under the Make-II framework, Indian companies invest in the design and development of advanced military systems, with successful prototypes eligible for government procurement. 

Apollo Micro Systems said the empanelment reflects the IAF's recognition of its capability to develop indigenous precision-guided weapon systems.  

IPREK Designed to Upgrade Existing Bomb Inventory 

IPREK is a bolt-on precision guidance and range extension kit that converts 500 kg General Purpose bombs into long-range precision glide weapons. 

The system enables release from 80-100 km while achieving up to 3-metre accuracy, allowing aircraft to operate beyond the reach of many air defence systems.  

It integrates NavIC (IRNSS) navigation along with Electro-Optical (EO), Infrared (IIR) and DSMAC terminal guidance technologies.  

Market Opportunity and Strategic Importance 

According to the company, the programme reduces dependence on imported precision-guided munitions while enhancing India's indigenous defence capabilities. 

Apollo said the initial procurement phase covers more than 500 IPREK units, while estimating an import substitution opportunity of over ₹20,000 crore in India over the next decade. It also cited a US$10 billion global market for autonomous and precision weapon systems by 2032.  

Defence Pipeline and Management Outlook 

Apollo said its Guidance, Navigation and Control (GNC) technology, CEMILAC-certified airworthiness credentials and NavIC integration capabilities position it for future programmes with the Indian Army, Indian Navy and the IAF.  

The company also highlighted its role in DRDO programmes, including Pinaka and TARA. 

Managing Director Baddam Karunakar Reddy called the empanelment "one of the most defining moments" in Apollo Micro Systems' history, describing IPREK as an "Atmanirbhar Bharat story" built on indigenous technology and engineering. 

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Apollo Micro Systems Share Price Performance  

As of 28 July 2026, at 2:24 PM, Apollo Micro Systems Ltd share price was trading at ₹381.50 per share, reflecting a decline of 2.91% from the previous trading session. 

Conclusion 

The IAF empanelment places Apollo Micro Systems in the IPREK development programme under the Make-II framework, expanding its presence in India's precision-guided munition segment through indigenous technologies, advanced guidance systems and long-range precision weapon capabilities.  

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