Open offer at Rs 17.10/share for 26% stake in Ramgopal Polytex

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

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹32.00

prior close

₹33.60

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+5.0% vs market

Trading & Distributors peers, median of 131sector+0.0%+5.0% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 5.0 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+10.3-0.0+10.3+0.0+10.3

+15.8-0.2+15.9+0.0+15.8

+13.4+0.2+13.3-0.5+14.0

+15.7+0.3+15.4+0.0+15.7

+18.0+0.4+17.6-0.2+18.2

+13.3+0.9+12.4-1.7+15.0

15d

+2.1+1.6+0.5-2.4+4.4

-2.0+2.0-4.1-2.3+0.2

-9.4+0.6-9.9-5.9-3.5

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 131Pending

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

AI summary

Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya (father and son) have triggered a mandatory open offer for Ramgopal Polytex after signing an SPA to acquire 45.46% stake at Rs 9 per share from the existing promoter group. The open offer is for 26% (37.70 lakh shares) at Rs 17.10 per share in cash. Post-offer, acquirers will hold 71.46%. Offer opens Sept 16, 2026 and closes Sept 29, 2026. Manager to the offer is Corporate Professionals Capital.

Likely market impact

Public shareholders can tender shares at Rs 17.10 cash. Control shifts to new promoters; existing promoter group exits entirely.