Post-offer ad filed for open offer; acquirers gain control of Lippi Systems

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

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

+2.0%Reaction day

₹234.75

prior close

₹239.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.6% vs market

Industrial Products peers, median of 133sector-0.0%+2.0% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.0 pts more than its Industrial Products 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

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Sessions after the filingfrom the prior close

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Reaction day

+2.0+0.4+1.6-0.0+2.0

Next day

+4.0-0.2+4.2+0.0+4.0

+2.3+0.3+2.0+0.6+1.7

+0.2+0.6-0.3+1.0-0.8

-1.8+0.8-2.6+0.8-2.6

-3.7+0.4-4.1+0.6-4.4

-7.5+0.7-8.3-0.2-7.3

15d

-2.4+2.0-4.4+1.8-4.2

-8.9+0.7-9.6+1.8-10.6

-1.2-3.4+2.2-0.7-0.4

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 133Pending

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

AI summary

Post-offer ad filed for open offer to public shareholders of Lippi Systems. Five Dholu family acquirers offered Rs 56.84 per share for up to 33,82,231 shares (25.05% of expanded capital), worth Rs 19.22 crore. Only 1,000 shares were tendered. Post-offer, acquirers hold 74.58% of expanded share capital, and existing promoters will be reclassified as public. Offer ran July 20 to July 31, 2026.

Likely market impact

Change of control completed. Existing promoters reclassified as public. Acquirers now hold 74.58% of expanded share capital.