Bliss GVS: IDC recommends Anupam Rasayan open offer at Rs 299 as fair

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

BLISSGVS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.4%Reaction day

₹447.50

prior close

₹450.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+4.1% vs market

Pharmaceuticals peers, median of 164sector-0.7%+4.1% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.1 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.2

15m

+0.7

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.4-0.7+4.1-0.7+4.1

Next day

+3.2-0.3+3.5-0.8+4.1

+2.0+1.1+1.0-0.1+2.1

+0.8-0.2+1.0-0.8+1.6

+1.7+0.2+1.4+0.0+1.6

+1.2-0.3+1.6-0.6+1.8

+3.5+2.1+1.4-0.3+3.8

15d

+14.9+4.6+10.3+2.4+12.5

+25.1+5.6+19.5+0.9+24.3

+56.2+7.2+49.0+3.9+52.3

+38.7-4.7+43.3-5.5+44.2

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 164Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Anupam Rasayan India with PAC Mates Visa Consultancy is making an open offer for 2.77 crore shares (26% of expanded voting capital) of Bliss GVS Pharma at Rs 299 per share, totaling about Rs 829 crore. Triggered by acquisition of 43.11% stake and change of control. IDC recommends the offer price as fair per SEBI rules, but notes the closing market price on July 17 was Rs 482.50 (BSE) and Rs 483.50 (NSE), well above the offer price.

Likely market impact

Open offer price Rs 299 is well below market price near Rs 483. Shareholders may prefer to hold or sell in market rather than tender.