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Open Offer

At Gretex, we are committed to maintaining strong and transparent relationships with our investors. We believe that open communication and timely disclosures are essential to building trust and credibility with our stakeholders.

Home / What we do / Capital Markets / Open Offer

Strategic Advisory for Open Offers

Open offers mark a critical juncture in a company's journey signaling shifts in ownership, unlocking liquidity for shareholders, and paving the way for strategic transformations. At Gretex, we bring deep expertise in structuring and managing open offers, ensuring every stage aligns with regulatory frameworks and market best practices.

Our advisory extends beyond execution; we focus on creating value for all stakeholders through transparent communication, accurate pricing, and seamless coordination with regulators and exchanges. With a proven track record across diverse industries, we help clients transform complexity into clarity and opportunity.

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56+

SME IPOs Listed

16+

Sectors Served

10+

Years of Experience

Comprehensive End-to-End Execution of SEBI-Regulated Open Offers

Pre-offer Assessment & Advisory

We evaluate transaction thresholds, timelines, and SEBI applicability while advising acquirers on offer structure, pricing norms, and compliance obligations.

Public Announcement Drafting & Release

We draft and issue the Public Announcement, formally launching the offer and disclosing key transaction details in line with SEBI rules.

Detailed Public Statement Filing

Within five working days, we publish the DPS with acquirer background, rationale, pricing, and a timeline of key offer activities.

Letter of Offer Submission

We prepare and file the Letter of Offer with SEBI, ensuring it meets all disclosure, pricing, and procedural regulatory requirements.

SEBI Review and Clearance

We coordinate with SEBI on observations, ensure timely responses, and secure approval for onward shareholder distribution of the offer.

Tendering Period Coordination

Following SEBI clearance, we dispatch the offer to shareholders and manage operational readiness with exchanges, registrars, and clearing corporations.

Monitoring and Shareholder Engagement

We track responses during tendering, maintain transparent communication, and address compliance queries to ensure a smooth shareholder experience.

Completion and Final Reporting

Post tendering, we oversee share transfers and payments, file the SEBI report, and complete all disclosures to stock exchanges.

The Gretex Story

From a vision rooted in trust and ambition, Gretex has grown into a dynamic player in the financial services space. Our journey began with a focus on capital market advisory, and over the years, we've expanded our expertise across corporate finance, restructuring, and regulatory compliance — serving a diverse clientele with dedication and precision.

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Frequently Asked Questions

What is an Open Offer?

An Open Offer is a public offer made by an acquirer to purchase shares from public shareholders of a listed company. It is triggered by acquisition thresholds or control events under SEBI (SAST) Regulations.

When is an Open Offer legally required?

An Open Offer is mandatory when an acquirer:

  • Acquires 25% or more voting rights, or
  • Gains control of the company, regardless of stake.

Additional thresholds (such as creeping acquisitions beyond 5% in a financial year) may also apply for listed entities

What is the purpose of Open Offer rules?

To protect public shareholders by ensuring transparency and providing a fair exit in events of ownership or control changes.

Who is responsible for making the Open Offer?

The acquirer and persons acting in concert (PACs) are obligated to make the Open Offer upon triggering SEBI thresholds.

What role does a Merchant Banker play?

A SEBI-registered Merchant Banker like Gretex advises, structures, and executes the Open Offer, ensuring end-to-end regulatory compliance.

How does Gretex support during Open Offers?

We provide full-scope advisory—from initial assessment and filings to tendering coordination, compliance management, and final reporting.

What is the Open Offer timeline duration?

Typically 60-90 days, depending on SEBI's review period, publication deadlines, and the 10-working-day tendering window.

Can Gretex handle voluntary Open Offers too?

Yes. We advise on and execute both mandatory and voluntary Open Offers with strategic clarity and procedural expertise.

What if Open Offer rules aren't followed?

Non-compliance can lead to SEBI penalties, reputational risk, and enforced corrective actions such as delayed Open Offers with interest.

Why should I choose Gretex for Open Offers?

We combine deep regulatory experience with precise execution, ensuring timely, compliant, and efficiently managed Open Offer processes.

What is Gretex's Open Offer experience?

We've led multiple Open Offers across sectors—managing regulatory complexities, control changes, cross-border transactions, and promoter consolidations.

How does Gretex ensure SEBI compliance?

We oversee every requirement offer pricing, public disclosures, SEBI communication aligned fully with SAST timelines and expectations.

How is Gretex different from other firms?

We offer a partner-led model with direct SEBI engagement, hands-on execution, and seamless coordination across all stakeholders.

Can Gretex advise to avoid Open Offers?

Yes. We help structure transactions to assess and, where feasible, avoid Open Offer triggers while maintaining regulatory compliance.

Does Gretex manage post-offer obligations too?

Absolutely. We handle final reports, exchange filings, and public disclosures—ensuring clean closure of the Open Offer lifecycle.

Who will manage my Open Offer at Gretex?

Each mandate is led by senior advisors with SEBI-facing experience, supported by a dedicated compliance and execution team.

Strategic Financial Solutions to Drive Your Business Forward

We specialize in customized financial services that help businesses scale, secure funding, and achieve long-term success. Whether you need expert advisory, capital solutions, or investment guidance, our team is ready to assist you. Get in touch with us today and let's build a stronger financial future together!

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