Niks Technology open offer 2026: ₹136 for 26% stake

What was announced and why it matters

Niks Technology Limited (BSE Scrip Code: 543282, Symbol: NIKSTECH) has disclosed a triggered open offer to its public shareholders under the SEBI (SAST) Regulations. The Public Announcement was issued by Navigant Corporate Advisors Limited, acting as the Manager to the Offer, on behalf of three acquirers: Nilesh Jayantilal Patel, Vishal Jayantilal Patel, and Bharatkumar Pravinchandra Keshrani.

The open offer is to acquire up to 23,16,964 fully paid-up equity shares of face value ₹10 each. This represents 26.00% of the expanded equity share capital of the company on a fully diluted basis. The offer price is ₹136 per equity share, and the announcement states the payment for the open offer will be made entirely in cash.

Parties involved and the target company details

The target company is Niks Technology Limited (CIN: L80904BR2014PLC022439). Its registered address is Flat No. 501, Shiv Laxmi Plaza, Opp Rajendra Nagar Terminal, Old Bypass Main Road, Kankarbagh, Patna, Bihar - 800020.

The Manager to the Offer, Navigant Corporate Advisors Limited, filed the Public Announcement with BSE under the relevant SEBI (SAST) provisions, and the filing is shown as dated September 9, 2026 (08:00 IST) under the category “Company Update / Open Offer”. The disclosure also includes a trade support toll-free number: 1800 266 0050 (Select IVR option 1).

Offer size, price, and cash consideration

As disclosed, the open offer size is up to 23,16,964 equity shares, representing 26.00% of the expanded equity share capital on a fully diluted basis. The offer price is ₹136 per share, payable in cash.

Assuming full acceptance, the total consideration for the open offer is stated at ₹31.51 crore. The announcement also provides the same consideration in rupee terms, which corresponds to ₹31.51 crore, but the offer economics are consistently communicated around the ₹136 per share offer price and the 26% fully diluted stake.

What triggered the open offer

The Public Announcement states that the open offer was triggered on September 8, 2026. This trigger is linked to two corporate actions involving the company and the acquirers: (1) board approval by Niks Technology Limited for a proposed preferential issue and (2) execution of a Share Purchase Agreement (SPA) with existing promoters.

The disclosure clarifies that this is a “Triggered Open Offer” and that it is not described as a competitive bid or a conditional offer. The open offer is presented as part of a broader change in shareholding structure that also includes a preferential issue, issuance of convertible warrants, and the SPA for an additional block of shares.

Broader transaction structure: preferential issue, warrants, and SPA

Alongside the open offer, the announcement provides a break-up of multiple transaction components, including the preferential issue and convertible warrants. This context is relevant because it explains why the acquirers’ overall participation is being structured through multiple instruments and steps.

The transaction summary in the disclosure indicates four key components: a preferential issue of equity shares, issuance of convertible warrants, an SPA with existing promoters, and the open offer to public shareholders. The payment modes vary by component, with the open offer explicitly stated to be cash.

Key numbers at a glance

Timeline: dates disclosed so far

The announcement provides a short set of dates that frame the next disclosures and shareholder approvals.

Regulatory framework and how the offer price is described

The offer price of ₹136 per share is stated to be determined in accordance with Regulation 8 of the SEBI (SAST) Regulations. The disclosure also references provisions applicable to infrequently traded shares. Beyond stating the regulatory basis, the announcement does not provide additional valuation workings in the excerpted information.

The Public Announcement also notes that detailed open offer information would be published in newspapers through the Detailed Public Statement, which is scheduled to be issued by September 16, 2026.

Market relevance: what shareholders typically track next

For public shareholders, the headline items from this disclosure are the offer size (26.00% on a fully diluted basis), offer price (₹136), and the stated cash payment mode. The other practical marker is the sequence of next steps: first the Detailed Public Statement by September 16, 2026, and then the AGM on September 30, 2026 for the preferential issue.

The announcement also positions the open offer within a multi-part transaction structure. That structure includes a preferential allotment and warrant issuance, in addition to the SPA. This makes the expanded equity capital on a fully diluted basis a central reference point for understanding the stated 26.00% open offer size.

Conclusion

Niks Technology’s disclosure sets out a SEBI SAST-triggered open offer by three acquirers for up to 23,16,964 shares at ₹136 per share, with total consideration of ₹31.51 crore if fully accepted and payment to be made in cash. The next milestone disclosed is the Detailed Public Statement, due by September 16, 2026, followed by the AGM on September 30, 2026 to approve the preferential issue.