Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Ironwood Education Ltd ("Target Company").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Minute windows have no benchmark: there is no intraday index history to compare against.
Saffron Capital Advisors, the manager to the offer, has submitted the Letter of Offer to BSE for an open offer on Ironwood Education Ltd (Scrip Code: 508918). Four acquirers – Balaji Raghavan, Manojshankar Tripathi, Rushabh Chaubey and Nitish Nagori – are offering to buy up to 33,33,030 equity shares (22.12% of voting capital) from public shareholders at ₹36.10 per share, including a ₹0.10 interest component. The maximum payout if fully subscribed is about ₹12.03 crore. The open offer follows a Share Purchase Agreement where these same acquirers are selling 100% of Trio Infrastructure Pvt Ltd to Ironwood Education via a share swap, triggering a change-of-control open offer under SEBI (SAST) Regulations. The tendering window runs from April 30, 2025 to May 15, 2025.
Public shareholders can exit by tendering shares at the ₹36.10 offer price if they find it attractive versus market price; investors should note the offer size is capped at 22.12% rather than the standard 26% because public holdings are limited. Post-deal, public shareholding may drop below the 25% minimum required for BSE listing, which could put the stock at risk of delisting actions.