IDC recommends open offer price of Rs 1.25 per share as fair

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

+1.6%Reaction day

₹2.47

prior close

₹2.51

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.2%+2.8% vs market

Other Financial Services peers, median of 80sector-0.3%+1.9% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 1.9 pts more than its Other Financial Services 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

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15m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6-1.2+2.8-0.3+1.9

Next day

+3.6-1.9+5.5-0.4+4.0

+5.7-1.4+7.1-1.2+6.8

+7.7-0.1+7.8-0.1+7.8

+9.7-1.4+11.1-0.0+9.8

+11.7-1.0+12.7-0.7+12.5

+15.4-0.4+15.8-1.1+16.5

15d

+23.9+3.2+20.7+1.3+22.6

+9.3+4.4+4.9-2.0+11.3

-10.1+4.6-14.7-2.8-7.3

+8.1-3.6+11.7-5.9+14.0

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 80Pending

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

AI summary

Interactive Financial Services, manager to the offer, filed the Independent Directors Committee recommendations on Kaushik Joshi's open offer for Trio Mercantile. The offer is for up to 3.39 crore shares, representing 50 percent of paid-up capital, at Rs 1.25 per share. The IDC deems the price fair and reasonable under SEBI SAST Regulations, while advising shareholders to independently evaluate before tendering.

Likely market impact

Open offer at Rs 1.25 per share deemed fair by independent directors; shareholders should evaluate market performance before deciding to tender.