IDC finds Rs 47.14 open offer price fair and reasonable

Open Offer TriggeredStrategic Transactions View source PDF Explain this filing

SOMATEX · 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

-2.6%Reaction day

₹82.15

prior close

₹80.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.5% vs market

Other Textile Products peers, median of 181sector-0.4%-2.2% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.2 pts less than its Other Textile Products 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

+0.0

10m

+2.4

15m

+2.4

30m

+2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6-0.1-2.5-0.4-2.2

Next day

-4.0+0.7-4.7-0.1-3.9

-8.5+1.2-9.7+0.6-9.0

-13.1+1.9-14.9+0.9-14.0

-17.2+1.6-18.8+1.1-18.3

-20.6+2.0-22.6+0.7-21.4

-12.7+0.9-13.6+0.1-12.8

15d

-12.4-1.4-10.9-2.3-10.0

-2.9-1.6-1.3-2.7-0.2

+46.1-0.7+46.8-2.9+49.1

+29.4-6.0+35.4-7.2+36.6

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 181Pending

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

AI summary

The independent directors committee unanimously found Roadway Solutions India's cash open offer of Rs 47.14 per share fair and reasonable. The offer covers up to 82,64,942 shares, or 25.02% of voting capital. The price equals the 60-day volume-weighted average price and exceeds the Rs 35.40 deal price.

Likely market impact

The opinion supports the open offer, but shareholders should compare Rs 47.14 with market prices before deciding to tender or continue holding.