Lykis Limited Open Offer Schedule and Contact Details Released
Lykis Limited has published the complete open offer schedule and contact details for the mandatory acquisition by Parshav Vatika LLP and PACs. The process includes key dates from the identified date of January 28, 2026, through payment completion on March 12, 2026, with the tendering period running from February 11-25, 2026. The offer involves acquiring 50,37,541 shares at ₹34.50 per share for a total consideration of ₹17.38 crores.
*this image is generated using AI for illustrative purposes only.
Lykis Limited has received the Draft Letter of Offer (DLOF) dated January 2, 2026, from Parshav Vatika LLP and persons acting in concert (PACs) for the mandatory open offer. The company disclosed receiving the DLOF from lead manager Srujan Alpha Capital Advisors LLP, marking the next formal step in the acquisition process following the detailed public statement publication.
Open Offer Schedule and Timeline
The tentative schedule outlines key milestones for the acquisition process:
| Activity: | Tentative Date |
|---|---|
| Identified Date: | January 28, 2026 |
| LOF Dispatch: | February 4, 2026 |
| Offer Opening: | February 11, 2026 |
| Offer Closing: | February 25, 2026 |
| Payment Completion: | March 12, 2026 |
The tendering period is scheduled for 10 working days, with the offer opening on Wednesday, February 11, 2026, and closing on Wednesday, February 25, 2026.
Manager and Registrar Contact Details
The open offer will be managed by designated intermediaries with specific contact information:
| Role: | Contact Details |
|---|---|
| Manager to Offer: | Srujan Alpha Capital Advisors LLP |
| Registered Office: | 112A, 1st floor, Arun Bazar, S.V. Road, Mumbai |
| Corporate Office: | 824 & 825, Corporate Avenue, Goregaon, Mumbai |
| Email: | lykisopenoffer@srujanalpha.com |
| Phone: | +91 022-46030709 |
| SEBI Registration: | INM000012829 |
Registrar to the Offer
Purva Sharegistry (India) Private Limited serves as the registrar:
| Parameter: | Details |
|---|---|
| Address: | Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate |
| Location: | J. R. Boricha Marg, Lower Parel East, Mumbai 400011 |
| Phone: | 022 49614132 |
| Email: | support@purvashare.com |
| SEBI Registration: | INR000001112 |
| Contact Person: | Ms. Deepali Dhuri |
Acquisition Structure and Terms
The open offer maintains the previously announced structure and pricing:
| Offer Parameter: | Specification |
|---|---|
| Offer Price: | ₹34.50 per equity share |
| Total Shares: | 50,37,541 equity shares |
| Voting Capital: | 26.00% |
| Total Consideration: | ₹17,37,95,164.50 |
| Payment Mode: | Cash |
| Minimum Acceptance: | No minimum condition |
Parshav Vatika LLP (Acquirer), along with K8 Products LLP (PAC1) and Tidagela Ventures Private Limited (PAC2), continues the mandatory acquisition triggered by the substantial shareholding purchase.
Regulatory Process and Next Steps
The Draft Letter of Offer filing initiates the final phase of regulatory approval. SEBI has up to 21 working days to provide observations on the draft document. Following SEBI's clearance, the final Letter of Offer will be dispatched to all eligible public shareholders whose names appear in the company's register on the identified date of January 28, 2026.
The acquirer has deposited ₹4.40 crores in the escrow account, representing more than 25% of the total consideration payable, ensuring adequate financial arrangements for the open offer completion.
Historical Stock Returns for Lykis
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.80% | +6.17% | +13.66% | +9.69% | -14.16% | +50.00% |
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