Post-offer ad: Rs. 10.50 open offer for 26% closes; 715 shares accepted vs 53,44,313 offered
Post-offer ad for the Rs. 10.50/share open offer for 26.00% of ECS Biztech.
By ScoutQuest · · 2 min read
- Offer Price
- Rs. 10.50 per equity share
- Shares Tendered and Accepted
- 715 shares accepted vs 53,44,313 offered
- Actual vs Proposed Offer Size
- Rs. 7,507.50 vs Rs. 5,61,15,286.50 proposed
Beeline Capital Advisors Private Limited, as Manager to the Offer, has submitted the post-offer advertisement for the open offer made by Mr. Rakesh Ramanlal Shah (Acquirer-1) and Komal Infotech Private Limited (Acquirer-2) for ECS Biztech Limited.
What was offered
- An open offer for up to 53,44,313 fully paid-up equity shares of face value Rs. 10/- each, representing 26.00% of the total paid-up/voting share capital of the Target Company.
- Offer price: Rs. 10.50 per equity share, payable in cash.
- At that price, the size of the offer would have been Rs. 5,61,15,286.50.
- The acquirers held Nil Equity Shares, 0.00%, before the agreements and the Public Announcement.
Timeline
- Detailed Public Statement published on Wednesday, August 05, 2026.
- Offer opened on Thursday, September 17, 2026 and closed on Wednesday, September 30, 2026.
- Payment of consideration on Friday, October 09, 2026, made by Clearing Corporation of BSE through the stock exchange mechanism.
How the offer actually went
- Aggregate number of shares tendered: 715.
- Aggregate number of shares accepted: 715, equal to 0.00% of the total paid-up/voting share capital.
- Actual size of the offer: Rs. 7,507.50, against Rs. 5,61,15,286.50 proposed in the offer document.
The larger acquisition behind the offer
- The offer followed a Share Purchase Agreement dated July 29, 2026, under which the acquirers acquired 1,34,46,936 Equity Shares, equal to 65.42% of the total paid-up/voting share capital of the Target Company.
- The entire Equity Shares acquired under this open offer were to be acquired by Acquirer-1.
- The acquirers have not acquired any Equity Shares other than those acquired through the SPA dated July 29, 2026, which triggered the SEBI (SAST) Regulations.
Position after the offer
- Post-offer shareholding of the acquirers: 65.42% of the total paid-up/voting share capital of the Target Company.
- The public shareholding percentage after the offer stands at its pre-offer level.
What this means for a retail reader
The open offer was for a quarter of the company, 26.00%, but very few shareholders came in — only 715 shares were accepted, so the offer added a marginal number of shares to the acquirers. The controlling block of 65.42% came through the Share Purchase Agreement, not through the open offer. The acquirers' stake after the offer is 65.42%.
Also from ECS Biztech
ECS Biztech Ltd promoter buys 5.56% stake
12 Oct 2026
ECS Biztech Ltd promoter sells 5.56% stake, holding falls to 0.00%
10 Oct 2026
Shareholders Approve Appointment of Vijay Mandora as Managing Director for One Year
1 Oct 2026
More numbers
- Offer price per equity shareRs. 10.50
- Shares sought in the open offer53,44,313
- Open offer size as % of total paid-up/voting share capital26.00%
- Shares tendered and accepted (actuals)715
- Size of the offer proposed in the Offer DocumentRs. 5,61,15,286.50
- Size of the offer (actuals)Rs. 7,507.50
- Equity Shares acquired under the Share Purchase Agreement dated July 29, 20261,34,46,936 Equity Shares
- Post-offer shareholding of the Acquirers as % of total paid-up/voting share capital65.42%
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