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