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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Lippi Systems Ltd-$

Lippi Systems Open Offer Pre-Offer Advertisement Received for 25.05% at ₹ 56.84

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 17 Jul 2026, 07:08 PM IST  ·  BSE ID: d2b2f8e5-1329-407c-83d2-ce1ed97f78ba
View Original BSE Filing (PDF)
💡
In Simple Terms
Lippi Systems received a final ad for a public offer to buy 25.05% of its shares at ₹ 56.84 each.
🤖 AI Summary
  • Lippi Systems received Pre-Offer Advertisement for an open offer to acquire 25.05% of its expanded share capital.
  • The open offer targets 33,82,231 equity shares from public shareholders at ₹ 56.84 per share.
  • The tendering period for the open offer is scheduled from July 20, 2026, to July 31, 2026.
  • Acquirers are Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamshi Dholu, Jagruti Vinesh Dholu, and Parul Jagdish Dholu.
  • The Committee of Independent Directors opined the offer price of ₹ 56.84 per share is fair and reasonable.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Offer Size (Equity Shares)
33,82,231
Percentage of Expanded Share Capital
25.05%
Offer Price per Equity Share
₹ 56.84
🏢 How This Affects the Company
⚠️
Risk Impact
Shareholders not tendering shares could experience changes in ownership structure and influence from the new promoter group.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders wishing to tender their Equity Shares must do so during the Tendering Period from July 20, 2026, to July 31, 2026.
👤
Who Is Affected
All public shareholders of Lippi Systems are affected as they have the option to tender their 33,82,231 equity shares in the open offer at ₹ 56.84 per share. Existing promoters will be reclassified to public category.
🔍
Management Signal
The management is facilitating the open offer process in compliance with SEBI (SAST) Regulations, indicating adherence to regulatory requirements during a change of control.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Completion of the open offer tendering period on July 31, 2026.
Announcement of the final shares tendered and acceptance results of the open offer.
Updates on the reclassification of existing promoters post open offer completion.
MEDIUM RISK The open offer involves a significant ownership change and reclassification of promoters, which can lead to strategic shifts.
💡 Investor Takeaway
Lippi Systems confirmed receipt of the Pre-Offer Advertisement for an open offer to acquire 33,82,231 equity shares (25.05% of Expanded Share Capital) at ₹ 56.84 per share. The tendering period is from July 20, 2026, to July 31, 2026, with the offer price deemed fair by Independent Directors.
⚖️ Strengths & Concerns

✅ Positives

  • The Committee of Independent Directors determined the Open Offer Price of ₹ 56.84 per Equity Share to be fair and reasonable.
  • The open offer provides liquidity to public shareholders wishing to exit their investment in Lippi Systems.

⚠️ Concerns

  • The offer size of 33,82,231 equity shares represents 100% of the existing public shareholding, indicating a significant ownership shift.
  • The Acquirers are not related to the Target Company and its existing promoters/directors, indicating a complete change in control.
📅 Company Track Record
Previous filings from Lippi Systems on July 17, 2026, July 11, 2026, and June 03, 2026, also pertained to the open offer process, detailing the receipt of the pre-offer ad, the letter of offer, and the launch of the open offer at ₹ 56.84 per share for 25.05% of public shares.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the open offer price for Lippi Systems shares?
The Open Offer Price for Lippi Systems equity shares is ₹ 56.84 per share, payable in cash.
What percentage of Lippi Systems' shares are targeted in this open offer?
The open offer targets the acquisition of up to 33,82,231 equity shares, representing 25.05% of the Expanded Share Capital of Lippi Systems Limited.
What is the tendering period for the Lippi Systems open offer?
The tendering period for the open offer is from Monday, July 20, 2026, to Friday, July 31, 2026 (both days inclusive).
Who are the Acquirers in the Lippi Systems open offer?
The Acquirers are Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamshi Dholu, Jagruti Vinesh Dholu, and Parul Jagdish Dholu.
What is the opinion of the Independent Directors on the Lippi Systems offer price?
The Committee of Independent Directors (IDC) is of the opinion that the Offer Price of ₹ 56.84 per Equity Share is fair and reasonable.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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