We wish to inform you that we are in receipt of enclosed Post offer Advertisement issued by Vivro Financial Services Private Limited in relation to the Open Offer of Shree Pacetronix Limited ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Pacetronix has submitted to BSE the Post-Offer Advertisement issued by Vivro Financial Services in connection with the Open Offer made by Akash Sethi (Acquirer) along with Atul Kumar Sethi, Amita Sethi, and Ashish Sethi (PACs) at Rs. 100 per share. The offer, which ran from October 31, 2025 to November 14, 2025, was for up to 9,75,000 equity shares but received an extremely poor response, with only 117 shares actually tendered. The actual offer size realised was just Rs. 11,700 against the proposed Rs. 9.75 crore. The Acquirer and PACs had also subscribed to 3,00,600 securities (including 75,150 equity shares and 2,25,450 convertible warrants, equating to 7.71% of share capital) under a separate Subscription Agreement dated August 7, 2025. Post-offer, the Acquirer holds 8.04% and combined with PACs, the promoter group shareholding stands at around 30.09%, while public shareholding reduced marginally from 75.75% to 69.91%.
The Open Offer was a near-complete failure in attracting public shareholders, with negligible tendering signalling very weak investor interest at the Rs. 100 offer price. For existing shareholders, the low acceptance means the float remains largely unchanged, but the promoter group's consolidated holding has crossed 30% via the underlying subscription agreement, giving them firmer control of the company.