Ramgopal Polytex: Open Offer for 26.00% Shares Sees 0.00% Tendered
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 22 Oct 2026, 01:02 PM IST · BSE ID: 5f6cd398-62d0-46d0-b102-64c83cc3af99
View Original BSE Filing (PDF)
💡
In Simple Terms
An open offer to buy shares in Ramgopal Polytex Limited saw very few shares offered by public shareholders.
🤖 AI Summary
- Acquirers Pravin Kumar Shishodiya and Punit Shishodiya concluded an open offer for Ramgopal Polytex Limited.
- The offer sought to acquire up to 37,70,000 Equity Shares at INR 17.10 per equity share.
- Only 208 Equity Shares were tendered and accepted, amounting to 0.00% of the target company.
- The acquirers' post-offer shareholding is 65,92,004 Equity Shares, representing 45.46% of capital.
- Public shareholding remains at 79,07,996 Equity Shares, or 54.54% of the fully diluted capital.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Offer Price
INR 17.10 per equity share
Proposed Shares to be Tendered
37,70,000 Equity Shares
Actual Shares Tendered and Accepted
208 Equity Shares
Proposed Offer Size
INR 6,44,67,000/-
Actual Offer Size
INR 3,556.80/-
Acquirers' Shares Before Open Offer
65,91,796 Equity Shares (45.46%)
Acquirers' Post Offer Shares (Actual)
65,92,004 Equity Shares (45.46%)
Public Shareholding Post Offer (Actual)
79,07,996 Equity Shares (54.54%)
🏢 How This Affects the Company
The minimal shares tendered in the open offer did not alter the company's ownership structure or control as significantly as proposed.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as the offer period has closed and payment has been completed.
👤
Who Is Affected
Public shareholders who tendered their 208 Equity Shares received INR 17.10 per equity share. The remaining 79,07,996 public shareholders are unaffected by this specific transaction.
🔍
Management Signal
The offer's outcome indicates that the acquirers' control over the company remains primarily from their initial acquisition of 65,91,796 Equity Shares (45.46%).
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Future shareholding changes by Pravin Kumar Shishodiya and Punit Shishodiya.
Any further disclosures regarding promoter reclassification or control.
Company's next financial results to assess operational performance.
LOW RISK
The open offer's conclusion with minimal participation does not introduce new material risks.
💡 Investor Takeaway
An open offer by Pravin Kumar Shishodiya and Punit Shishodiya for Ramgopal Polytex Limited concluded with only 208 Equity Shares tendered and accepted against a target of 37,70,000 Equity Shares. The acquirers' post-offer holding is 65,92,004 Equity Shares (45.46%) as opposed to the proposed 1,03,61,796 Equity Shares (71.46%).
⚖️ Strengths & Concerns
⚠️ Concerns
- The open offer proposed to acquire 37,70,000 Equity Shares but only 208 Equity Shares were tendered, indicating low shareholder interest.
- The actual size of the offer achieved was INR 3,556.80/-, significantly below the proposed INR 6,44,67,000/-.
❓ Frequently Asked Questions
What was the offer price for Ramgopal Polytex Limited shares in the open offer?
The offer price for Ramgopal Polytex Limited shares was INR 17.10 per equity share, as stated in the Post Offer Advertisement.
How many shares were actually tendered in the Ramgopal Polytex open offer?
Only 208 Equity Shares were actually tendered and accepted during the open offer for Ramgopal Polytex Limited.
What percentage of Ramgopal Polytex's equity capital did the acquirers hold after the open offer?
After the open offer, the acquirers, Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya, held 65,92,004 Equity Shares, representing 45.46% of Ramgopal Polytex Limited's fully diluted equity share capital.
What was the proposed size of the Ramgopal Polytex open offer in INR?
The proposed size of the open offer for Ramgopal Polytex Limited was INR 6,44,67,000/- (Number of shares multiplied by offer price per share).
Questions based on this BSE filing only. For information purposes.