Hitech Corporation LimitedHITECHCORPNSE
Hitech Corporation’s delisting offer discovers a price of Rs. 425 per share
As filed · Hitech Corporation Limited has informed the Exchange about Receipt of post offer public announcement ( Post Offer PA ) issued in accordance Regulation 17(4) and other applicable provisions of Securiti
Special SituationMixedNotablemateriality 68 out of 100
What happened
FactHitech Corporation received a post-offer public announcement for its proposed voluntary delisting from BSE and NSE. The reverse book-building process, conducted from October 7, 2026 to October 13, 2026, discovered a price of Rs. 425 per equity share for the offer.
Why it matters
CapitSignal interpretationAn IPO sets the price at which public holders first take on the business, and the fresh-issue/OFS split decides whether the money reaches the company or the selling shareholders.
Watch next
Fact- Price band and issue size
- Fresh issue versus offer for sale
- Stated use of the fresh-issue proceeds
Evidence
How CapitSignal classified this
- Reasoning:
- The discovered price is above both the Rs. 252 floor price and Rs. 353 indicative price, setting a key economic reference point for the proposed delisting. The filing text provided does not state whether the acquirer accepted the discovered price or whether delisting conditions were met.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%