Antariksh Industries open offer at ₹86: 2026 dates

Stock snapshot and what’s driving attention

Antariksh Industries Ltd (BSE: 501270) has been on investors’ radar amid corporate actions that include a preferential allotment and a mandatory open offer under SEBI (SAST) Regulations, 2011. As of 23 Sep 2026, the share price was cited at about ₹17.1, with the stock opening at ₹17.1 and the previous close at ₹17.3. Another data point in the provided material shows ₹17.14 with a fall of ₹0.17 (-0.98%). Separately, the share price is also shown as ₹17.31 as on 10 Sep 2026 (13:15 IST), while another feed displays ₹16.33 (with a separate note showing “N/A”). These multiple price snapshots underline that the key headline for the stock is not just day-to-day movement, but the open offer priced far above the quoted trading range.

Company profile: business lines and corporate base

Antariksh Industries Limited is described as an India-based company engaged in real estate and logistics activities in India. Another line in the source content describes it as engaged in real estate and trading activities in India. The company is also described as a public limited company incorporated on October 1, 1974. Contact details in the material include an address at Bandra Kurla Complex (Mumbai) and a correspondence address at Infinity IT Park (Malad East, Mumbai). A separate contact section lists an address in Thane and the website www.antarikshindustries.com. The available information suggests a small listed entity with corporate actions becoming the central market narrative.

Shareholding pattern: promoters dominant, institutions absent

The shareholding pattern cited for Jun 2026 shows promoter holding at about 73.5% and public holding at about 26.5%. Institutional shareholding is shown as 0% for both FII and DII, and mutual fund shareholding is explicitly stated at 0.00% at the end of Jun 2026. A timeline table in the provided text also shows promoter holding moving from 51.7% (Mar 2025 to Sep 2025) to 75.3% (Dec 2025), and then settling around 73.5% (Mar 2026 and Jun 2026). This context matters because an open offer is primarily relevant to public shareholders when ownership and control change triggers SEBI takeover regulations.

Preferential issue approved: ₹19.13 crore plan and use of funds

The material states that shareholders unanimously approved a preferential issue of equity shares worth ₹19.13 crore. The stated objective is to fund working capital requirements and expand into logistics via Nextedge Ecommerce Private Limited. Deployment is to be within 12 months of receipt of the funds. The stated allocation includes ₹7.27 crore earmarked for working capital requirements and another ₹7.27 crore to be used for acquiring equity shares in Nextedge Ecommerce Private Limited along with an inter-corporate loan repayable on demand. The interest on this inter-corporate loan is described as at the prevailing market rate, capped at 7% per annum. The remaining ₹4.59 crore is to be used for general corporate purposes.

Open offer: acquirers, size, and the ₹86 offer price

An open offer has been announced to acquire up to 6,31,785 fully paid-up equity shares at ₹86 per share. The offer size is stated as 26.00% of the Emerging Voting Share Capital of the target company. The maximum consideration is disclosed as ₹5.433351 crore (₹5,43,33,510), matching the offer size and price details provided. The open offer is described as being made by acquirer Alpitkumar Pravinchandra Gor and PAC Riddhi Infocom Solutions LLP. The offer is also described as unconditional and not subject to a minimum level of acceptance. The trigger is stated to be a Share Purchase Agreement and the preferential allotment, in line with SEBI (SAST) Regulations, 2011.

Deal structure: SPA, preferential subscription, and post-issue capital

Alongside the open offer, the acquirer and PAC are stated to have agreed to acquire 1,50,599 equity shares from an existing promoter, Mrs. Gitaben Nitinbhai Patel. The target company’s board is also stated to have approved a preferential allotment of 22,25,000 equity shares at ₹86 each, split as 7,78,750 shares to the acquirer, 6,34,800 to the PAC, and 8,11,450 to non-promoters. The text further states that post-preferential issue of 22,25,000 shares, total capital will be 24,29,940 shares. Taken together, these steps indicate a control and ownership shift process where the open offer is a required route for public shareholders to tender shares at the disclosed price.

Open offer timeline: two sets of dates in the source

The provided material contains two different open offer schedules. One section states the offer opens on Wednesday, September 02, 2026 and closes on Wednesday, September 16, 2026. Another table lists an offer opening date of August 18, 2026 and closing date of September 01, 2026. Because both date ranges appear in the supplied text, readers should rely on the official letter of offer and stock exchange filings for the final schedule. Any action, including tendering shares, depends on the definitive dates and procedural instructions in the offer documentation.

Escrow arrangement disclosed for the offer

The open offer documentation referenced in the material states an escrow amount of ₹165.00 lakh, which equals ₹1.65 crore. This is described as 30.36% of the maximum consideration and deposited with Axis Bank. Escrow arrangements are typically part of ensuring financial security for the offer obligations. The disclosed escrow number is one of the few hard confirmation points in the open offer summary provided.

Bonus issues: earlier shareholder actions

The text also references historical bonus actions. One line mentions that in 2015, Antariksh approved a bonus issue of 3 new equity shares for every share held. Separately, Antariksh Industries Limited is stated to have completed allotment of 4,940 bonus equity shares in a 1:10 ratio with record date January 9, 2026, following board approval on January 12, 2026. This allotment increased paid-up capital from ₹20.00 lakh (₹0.20 crore) to ₹20.49 lakh (₹0.2049 crore), with total equity shares rising from 2,00,000 to 2,04,940 shares of ₹10 each. These actions help frame how the capital base has evolved leading into the current preferential issue and open offer.

Key data table: identifiers, prices, and offer metrics

Market impact: what the numbers indicate

The central market implication from the supplied data is the contrast between the open offer price (₹86) and the cited market trading range around ₹16 to ₹17 in Sep 2026. The day-to-day move cited in one snapshot is a decline of ₹0.17 or 0.98%, suggesting routine volatility on the date referenced. But corporate actions can influence liquidity and trading behaviour, especially in a stock where promoter ownership is already above 70% and institutional ownership is shown at 0%. The preferential issue size of ₹19.13 crore is also large relative to the market cap figure of ₹0.35 crore shown in one snapshot, highlighting how transformative a capital raise could be for a microcap. These observations are grounded in the disclosed figures, without assuming what the market will do next.

Analysis: why this event matters for shareholders

For public shareholders, an open offer is a defined exit opportunity at a disclosed price, subject to terms and acceptance processes. The stated acquisition of 1,50,599 shares from an existing promoter plus the large preferential allotment explains why a mandatory open offer is referenced. The disclosed use of proceeds from the preferential issue indicates management’s stated focus on working capital and a logistics-linked investment via Nextedge Ecommerce Private Limited. The capped interest rate of up to 7% per annum on the inter-corporate loan is a specific term investors may track as more disclosures arrive. The two different open offer date ranges present in the provided material also make it essential to follow the final exchange filings and the letter of offer for accurate timelines.

Conclusion: what to watch next

Antariksh Industries’ current news cycle is anchored around an ₹86 open offer for up to 6,31,785 shares and a ₹19.13 crore preferential issue with specified fund deployment plans. The next concrete checkpoints are the confirmed offer schedule in official documents and disclosures around the completion of the preferential allotment and any resulting changes in shareholding. Investors tracking the stock will likely monitor filings tied to SEBI (SAST) compliance, escrow confirmations, and post-issue capital details. Until then, the most actionable facts remain the disclosed offer price, offer size, maximum consideration, and the stated end-use of funds.