IDC recommends open offer at Rs 36.83 per share as fair and reasonable

Open Offer TriggeredListed Co AcquisitionStrategic 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

+1.1%Reaction day

₹43.42

prior close

₹41.80

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.3%+3.4% vs market

Trading - Metals peers, median of 9sector-2.0%+3.1% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.1 pts more than its Trading - Metals 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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Reaction day

+1.1-2.3+3.4-2.0+3.1

Next day

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+7.1-0.2+7.4-1.5+8.6

-1.5pendingpending-1.4-0.1

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UpDownMarket · Nifty Microcap 250Sector · Trading - Metals peers, median of 9Pending

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

AI summary

Acquirers RB International Holdings, Suyog Desai and Nikita Desai are making an open offer to buy up to 23,42,295 shares (26 percent) of RR MetalMakers India at Rs 36.83 per share, totalling about Rs 8.63 crore. The price includes Rs 12.98 compensatory interest per share for past SEBI compliance issues. The IDC deemed the offer fair but noted the BSE closing price of Rs 45.02 is higher.

Likely market impact

Shareholders should weigh the offer price of Rs 36.83 against the higher market price of Rs 45.02 before deciding to tender shares.