IDC recommends Lippi Systems open offer at Rs 56.84 as fair and reasonable

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

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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

-9.5%Reaction day

₹247.85

prior close

₹224.35

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-9.0% vs market

Industrial Products peers, median of 130sector+0.0%-9.5% vs sector

On the reaction day the stock moved 9.0 pts less than Nifty Microcap 250 and 9.5 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-9.5-0.5-9.0+0.0-9.5

Next day

-6.8-1.5-5.3-1.4-5.4

-6.6-0.9-5.7-1.2-5.4

-1.9-0.6-1.3-1.6-0.4

+3.0-1.8+4.7-2.2+5.2

+8.0-2.4+10.4-2.9+10.9

+4.9-0.7+5.6-2.2+7.1

15d

+4.7+2.4+2.3-2.3+7.0

-5.3+2.9-8.2-2.2-3.0

-10.4+1.2-11.6-2.1-8.4

-7.5+1.2-8.7-3.7-3.8

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 130Pending

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

AI summary

Independent Directors Committee of Lippi Systems published its recommendation on the open offer by 5 Dholu family members to buy up to 33,82,231 shares (25.05% of expanded capital) at Rs 56.84 per share, totalling about Rs 19.22 crore in cash. Vivro Financial Services is the manager to the offer. IDC says the offer price is fair and reasonable as per SEBI takeover rules, but flagged that the BSE closing price on July 13, 2026 was Rs 232.50, far higher than the offer price. Shareholders are advised to evaluate independently before tendering.

Likely market impact

Offer price of Rs 56.84 is well below the market price of Rs 232.50. Public shareholders may prefer to hold rather than tender shares in this open offer.