Nitin Castings Delisting Offer Successful at Rs 300 per Share
Price
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On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.4 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nitin Castings' voluntary delisting offer from BSE closed on Aug 11, 2026. The reverse book building process discovered a price of Rs 300 per share, above the floor price of Rs 273.36. A total of 7,53,984 shares were bid successfully through 9 bids between the floor price and Rs 300. Post-offer promoter holding rises to 86.06% of total issued shares, around 90.73% excluding Regulation 21(a) shares, crossing the 90% threshold. The delisting is successful if acquirers accept the Rs 300 exit price.
Shareholders who bid at or below Rs 300 will receive Rs 300 per share on acquirer acceptance. Remaining public shareholders must tender shares to exit.