Open Offer28 Aug 2026, 02:41 pm
Dolphin Medical Services: Open Offer Closes with Low Acceptance
AI Summary
Rarever Financial Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Post-Offer advertisement for Dolphin Medical Services Limited. The open offer, initiated by Acquirers Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar, aimed to acquire 39,25,988 equity shares (26% of paid-up capital) at ₹4.80 per share. The offer opened on July 31, 2026, and closed on August 13, 2026. However, the actual number of shares tendered and accepted was significantly lower than anticipated, with only 18,000 shares acquired, representing 0.12% of the equity share capital. The total value of the accepted shares was ₹86,400, a stark contrast to the proposed offer size of ₹1,88,44,743.
Key Highlights
- Open offer for Dolphin Medical Services shares closed with very low acceptance.
- Only 18,000 shares (0.12%) were acquired out of 39,25,988 offered.
- Acquisition price remained at ₹4.80 per share.
- Post-offer shareholding of acquirers reduced significantly.
Price Impact
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