RR Metalmakers open offer ₹23.85: 2026 key dates

What has been announced

RR Metalmakers India Ltd (BSE: 531667) has received a Draft Letter of Offer (DLOF) relating to a mandatory open offer. The open offer has been announced by RB International Holdings Limited along with Suyog Yogesh Desai and Nikita Suyog Desai. The acquirers are offering to buy shares from public shareholders at a fixed price of ₹23.85 per fully paid-up equity share. The offer is for up to 26.00% of the company’s equity share capital. Assuming full acceptance, the maximum consideration payable under the offer is about ₹5.59 crore (₹5,58,63,735.75).

Who the acquirers are

The disclosure names RB International Holdings Limited as the primary acquirer along with the other persons acting in concert. The open offer is positioned as a SEBI-compliant mandatory open offer. It follows a separate transaction under which the acquirers are acquiring a large promoter holding in the company. The stated purpose is to provide an exit opportunity to public shareholders through the open offer process. The offer consideration is to be paid in cash.

The trigger: promoter stake acquisition via SPA

The open offer follows an acquisition of 70.66% stake via a share purchase agreement (SPA). The SPA date mentioned is July 30, 2026. As described in the disclosures, the mandatory open offer is linked to this change in control and substantial acquisition. The same disclosures also note that, alongside the SPA, the open offer is being undertaken for an additional 26% from public shareholders. Taken together, the announcements imply the acquirers could reach a very high shareholding level if the open offer is fully accepted.

Offer size, price, and number of shares

The open offer is for up to 23,42,295 fully paid-up equity shares of RR Metalmakers India Limited. This quantity represents 26.00% of the total equity share capital, as stated in the offer details. The offer price is ₹23.85 per share. Based on full acceptance, the maximum payout under the offer is ₹5.586 crore (rounded from ₹5,58,63,735.75). The disclosure also mentions the equity shares have a face value of ₹10 each.

Key dates investors are tracking

The tendering period is scheduled to open on September 23, 2026, and close on October 7, 2026. The “identified date” for determining eligible shareholders is September 8, 2026. The last date for an upward revision in the offer price is September 21, 2026. The Letter of Offer is scheduled to be dispatched to public shareholders by September 16, 2026. The schedule also mentions payment completion by October 22, 2026.

Stock trading status and surveillance measure

RR Metalmakers’ equity shares are stated to be listed on BSE Limited under Enhanced Surveillance Measure (ESM) stage 2. Under this stage, trading is restricted to periodic call auctions, as disclosed. This is relevant for investors because it can affect liquidity and the ability to buy or sell in the secondary market during normal trading sessions. The open offer itself, however, is a separate tendering mechanism for shareholders who choose to participate during the offer window.

Share price context around the announcement period

On October 1, 2026 at 4:01 pm IST, RR Metalmakers India’s share price was stated at ₹47.44, up ₹2.07 (4.56%). The same snapshot lists the previous close at ₹45.37 and the day’s range as a high of ₹47.63 and a low of ₹43.11.

Separately, another market snapshot in the provided details states that on September 22, 2026 at 02:57 PM, the share price was ₹37.43, with a previous close of ₹39.40. These prices are materially above the open offer price of ₹23.85, indicating that the open offer is a fixed-price exit option rather than one that tracks prevailing market prices.

Summary table: offer terms and timeline

Intermediaries and filings

The open offer is stated to be managed by Vivro Financial Services Private Limited. The Draft Letter of Offer was required to be filed with SEBI by August 13, 2026, as per the disclosed timeline. A Detailed Public Statement (DPS) has also been mentioned in the disclosures describing the offer terms and schedule. The process, including identified date, dispatch of the Letter of Offer, tendering window, and payment completion date, follows the published timetable.

Why the open offer matters for shareholders

For public shareholders, the practical decision point is whether to tender shares at ₹23.85 during September 23 to October 7, 2026, or continue holding and rely on secondary-market liquidity. The fixed offer price and the stated ESM stage 2 status are both relevant when evaluating exit routes. Shareholders also typically track whether any upward revision to the offer price is announced by the last permitted date, September 21, 2026. The announced schedule provides clarity on eligibility, tendering, and expected payment timelines.

Conclusion

RR Metalmakers India’s mandatory open offer is set at ₹23.85 per share for up to 26% of equity, with a maximum payout of about ₹5.59 crore if fully accepted. The tender period runs from September 23 to October 7, 2026, with payment completion scheduled by October 22, 2026. Investors tracking the offer will focus on the identified date (September 8), dispatch of the Letter of Offer (by September 16), and the last date for any upward revision (September 21).