RR MetalMakers India: Open Offer Price Revised to ₹36.83 per Share
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 23 Oct 2026, 01:16 PM IST · BSE ID: 77350f25-9b5e-443c-b2e0-c08be1b15baa
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's new owners are paying more, ₹36.83 per share, to buy 26% of public shares through an open offer.
🤖 AI Summary
- Open Offer price for RR MetalMakers India equity revised to ₹36.83 per share, including ₹12.98 compensatory interest.
- Offer is for acquisition of up to 23,42,295 Equity Shares, representing 26.00% of the company's capital.
- Acquirers are RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai.
- Independent Directors Committee approved the offer price as fair and reasonable on October 20, 2026.
- Tendering period for public shareholders runs from Monday, October 26, 2026, to Friday, November 06, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revised Open Offer Price per Equity Share
₹ 36.83
Compensatory Interest per Equity Share
₹ 12.98
Equity Shares to be acquired in Open Offer
23,42,295
Percentage of Equity Share Capital
26.00%
🏢 How This Affects the Company
The filing discloses two past penalties by BSE totaling ₹5,900 and ₹94,400 for delays in submitting financial results for September 2022 and September 2023, respectively, which have been paid.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders wishing to tender their Equity Shares must do so during the Tendering Period from Monday, October 26, 2026, to Friday, November 06, 2026.
👤
Who Is Affected
Public shareholders of RR MetalMakers India are affected, as the Acquirers are offering to acquire up to 23,42,295 Equity Shares (26.00%) at ₹36.83 per share.
🔍
Management Signal
The Board's Independent Directors Committee deemed the revised offer price fair and reasonable, indicating compliance with SEBI (SAST) Regulations.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Conclusion of the Tendering Period on November 06, 2026, to determine offer uptake.
Disbursement of payment to shareholders who validly tender shares.
Any further disclosures regarding change in shareholding post-offer completion.
LOW RISK
The filing is a procedural update for an open offer, clarifying terms and timelines. Past minor penalties for delayed financial reporting are noted.
💡 Investor Takeaway
The open offer price for RR MetalMakers India has been revised to ₹36.83 per Equity Share, inclusive of ₹12.98 per Equity Share compensatory interest. The offer aims to acquire up to 23,42,295 Equity Shares, representing 26.00% of the company's capital, with the tendering period set from October 26, 2026, to November 06, 2026.
⚖️ Strengths & Concerns
✅ Positives
- The Independent Directors Committee confirmed the revised Offer Price of ₹36.83 per Equity Share as fair and reasonable.
- The revised offer price includes ₹12.98 per Equity Share as compensatory interest, enhancing value for tendering shareholders.
⚠️ Concerns
- Target Company received a penalty of ₹5,900 from BSE for delay in submitting financial results for the quarter ended September 2022.
- Target Company received a penalty of ₹94,400 from BSE for delay in submitting financial results for the quarter ended September 2023.
📅 Company Track Record
Previous filings indicated an initial open offer price of ₹23.85 per share for 26.00% equity. This filing revises that price to ₹36.83 per share. The process began with a Public Announcement on July 30, 2026, followed by a Detailed Public Statement on August 06, 2026, and an Independent Directors Committee recommendation on October 22, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the revised open offer price for RR MetalMakers India shares?
The revised open offer price is ₹ 36.83 per Equity Share, which includes a compensatory interest of ₹ 12.98 per Equity Share.
How many shares are the acquirers seeking to acquire in RR MetalMakers India?
The Acquirers aim to acquire up to 23,42,295 Equity Shares, representing 26.00% of RR MetalMakers India's Equity Share Capital.
What is the tendering period for the RR MetalMakers India open offer?
The tendering period for public shareholders is from Monday, October 26, 2026, to Friday, November 06, 2026 (both days inclusive).
What was the Independent Directors Committee's recommendation regarding the offer price?
The Committee of Independent Directors (IDC) opined that the revised offer price of ₹ 36.83 per Equity Share is fair and reasonable in terms of SEBI (SAST) Regulations.
Were there any past penalties on RR MetalMakers India mentioned in the filing?
Yes, RR MetalMakers India faced BSE penalties of ₹ 5,900 and ₹ 94,400 for delayed financial results for September 2022 and September 2023, respectively, both of which have been paid.
Questions based on this BSE filing only. For information purposes.