Open Offer at ₹23.85 per share triggered by 70.66% stake acquisition

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

Price

Loading chart…

▲ 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

₹67.81

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.1% vs market

Trading - Metals peers, median of 9sector+0.4%-2.4% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.4 pts less 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

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0+0.1-2.1+0.4-2.4

Next day

-3.9+0.2-4.1-0.1-3.8

-5.9+0.6-6.4+1.3-7.2

-7.7-0.0-7.7+1.3-9.0

-9.6+0.5-10.1-0.5-9.1

-11.4+0.8-12.1+0.6-11.9

-14.9+0.6-15.4-2.1-12.8

15d

-27.5+1.3-28.8-3.2-24.3

-28.7-1.4-27.3-2.9-25.8

-34.9-0.6-34.4+2.9-37.9

—————

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

RR MetalMakers India received the Draft Letter of Offer for an Open Offer at ₹23.85 per share by RB International Holdings, Suyog Desai, and Nikita Desai. Triggered by an SPA to acquire 70.66% stake (63,65,924 shares) from promoters for ₹15.18 crore. Open Offer is for up to 23,42,295 shares (26%) from public, totaling ₹5.59 crore. Tender period: September 23 to October 7, 2026. Promoters will exit post-deal.

Likely market impact

Public shareholders can tender shares at ₹23.85 per share from September 23 to October 7, 2026. Change of control coming as promoters exit.