Open offer closes with only 208 shares tendered against 37,70,000 offered
Post Offer Advertisement for the open offer by Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya.
By ScoutQuest · · 2 min read
- Offer size
- up to 37.7 lakh equity shares (26.00%) at INR 17.10 per share
- Shares tendered and accepted
- 208 equity shares
- Acquirers' post-offer holding
- ~65.92 lakh equity shares (45.46%)
What has been shared
Corporate Professionals Capital Private Limited, in its role as manager to the offer, has submitted the post offer advertisement for the open offer made by Mr. Pravin Kumar Shishodiya (Acquirer 1) and Mr. Punit Shishodiya (Acquirer 2) for the equity shares of Ramgopal Polytex Limited.
The offer was for up to 37.7 lakh Equity Shares, equal to 26.00% of the equity share capital, at INR 17.10 per equity share. The offer opened on September 25, 2026 and closed on October 09, 2026, with the date of payment of consideration shown as October 15, 2026.
How the offer actually closed
The advertisement sets the proposed terms side by side with what actually happened
- Shares tendered: 208 Equity Shares
- Shares accepted: 208 Equity Shares
- Offer size actually taken up: INR 3,556.80/-
- Offer size if the full 26.00% had been taken up: INR 6,44,67,000/-
Where the shareholding stands
- Post offer holding of the acquirers: ~65.92 lakh Equity Shares, or 45.46% of the equity share capital.
- The pre offer and post offer positions of the acquirers are both shown at 45.46%, so the stake has moved only marginally.
- Public shareholding continues to be a majority of the equity share capital of the company.
Reading it simply
An open offer gives existing shareholders a chance to sell their shares to the acquirers at a stated price within a stated window. Here, the window was open and the price was fixed, but the number of shares that actually came in was very small compared with what was proposed. The acquirers accepted every share that was tendered.
The update also shows that the acquirers' current holding comes from shares acquired by way of agreements/allotment, and that no shares were acquired after the Detailed Public Statement.
Also from Ramgopal Polytex
Statutory Auditor Firm Converts from Partnership to Proprietorship; Audit Engagement Unchanged
29 Sep 2026
Open Offer for 37,70,000 shares at INR 17.10 opens September 25, 2026; revised timetable
24 Sep 2026
More numbers
- Offer price per equity shareINR 17.10 per equity share
- Shares proposed to be acquired in the open offer37,70,000 Equity Shares
- Size of the offer as a percentage of equity capital26.00%
- Shares actually tendered and accepted208 Equity Shares
- Offer size proposed (shares x offer price)INR 6,44,67,000/-
- Offer size actually taken upINR 3,556.80/-
- Post offer shareholding of acquirers (number)65,92,004 Equity Shares
- Post offer shareholding of acquirers (percentage)45.46%
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