Nitin Castings delisting offer successful at Rs 300 per share, subject to acquirer approval
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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 Limited's voluntary delisting offer from BSE closed on August 11, 2026. The reverse book building process discovered a price of Rs 300 per share against a floor price of Rs 273.36. A total of 7,53,984 shares were successfully bid through 9 bids at or below the discovered price. Post-offer promoter and promoter group holding rises to 90.73 percent of remaining shares, crossing the 90 percent threshold required for delisting success. The delisting is treated as successful under SEBI Delisting Regulations, provided the Acquirers accept the Rs 300 exit price.
Successful bidders receive Rs 300 per share. If accepted, shares delist from BSE, ending trading liquidity for remaining public shareholders.