IIIshaan Infrastructures and Shelters540134Open offer announcement

Pre-offer advertisement for open offer at Rs. 14 per equity share published

Novus Capital Advisors, Manager to the Offer, has published the pre-offer advertisement for the open offer to public shareholders of Ishaan Infrastructures and Shelters Ltd.

By ScoutQuest · Thu 29 Oct 2026, 5:18 PM IST · 2 min read

Offer Price

Rs. 14 per equity share of face value Rs. 10

Shares Sought / Offer Size

12,72,840 equity shares, 26.20% of the fully diluted voting share capital

Tendering Period

opens on October 30, 2026 and closes on November 12, 2026

What this update contains

• Novus Capital Advisors Private Limited, acting as Manager to the Offer, has submitted the newspaper copy of the pre-offer advertisement for the open offer to the public shareholders of Ishaan Infrastructures and Shelters Limited.
• The advertisement was published on October 29, 2026 in four newspapers: Financial Express (English), Jansatta (Hindi), Financial Express (Gujarati) and Pratahkal (Marathi).

The offer at a glance

• Offer price: Rs. 14/- for every fully paid-up equity share of face value Rs. 10/- each, payable in cash.
• Shares sought: 12,72,840 equity shares, described as 26.20% of the fully diluted voting share capital.
• The offer is not conditional upon any minimum level of acceptance.
• As per the schedule set out in the advertisement, the tendering period opens on October 30, 2026 and closes on November 12, 2026.

Change recorded in the advertisement

• The name of Mr. Ragesh Arora has been removed from the list of proposed acquirers and the proposed acquisition has been reduced accordingly, with the total voting share capital of the target company revised to 48,59,543 equity shares from 52,75,728 equity shares.

What an open offer means for a retail holder

• An open offer is a formal invitation to existing public shareholders to sell their shares to the acquirer at a stated price, within a fixed window, instead of in the normal market.
• Here the window is the tendering period, and the price on the table is Rs. 14/- per share of face value Rs. 10/-.
• Each shareholder decides separately whether to tender; tendering is optional and is done through the shareholder's stock broker or by using the form of acceptance that accompanies physical shareholding.

How to act on it

• Shareholders holding shares in demat form can tender through their respective stock broker, using the details provided in the advertisement.
• Shareholders holding shares in physical form are sent a form of acceptance-cum-acknowledgement along with the Letter of Offer, which has to be used to tender.
• The Letter of Offer, along with the form of acceptance, is the document that carries the full terms; the advertisement tells holders where to find the full details.

What to keep in view

• Whether to tender is a personal decision that depends on each holder's own view of the offer price, the revised voting share capital, and whether they wish to exit or stay invested.
• The offer is for a defined number of shares (12,72,840) and a defined percentage (26.20%), so acceptance is not automatic for every share tendered if the offer is oversubscribed.
• Dates matter: tendering is only valid within the stated period, and the forms must reach the collecting office before it closes.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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