Tulive Developers Announces Outcome of Reverse Book Building for Voluntary Delisting
Tulive Developers Ltd announced the outcome of its Reverse Book Building Process (RBBP) for the voluntary delisting of its equity shares. The process, covering the period from April 15, 2026, to April 21, 2026, concluded with the determination of the final price for the shares.The outcome of the Reverse Book Building Process was announced following analysis of the bids received from the BSE. Cameo Corporate Services Limited served as the Registrar to the Delisting Offer, while Saffron Capital Advisors Private Limited acted as the Manager to the Delisting Offer.
Delisting Offer Key Metrics
The delisting offer was opened on Wednesday, April 15, 2026, and closed on Tuesday, April 21, 2026, at the close of market hours on the BSE Limited. The details of the process, including various pricing levels and shareholding data, are outlined below.| Metric | Details | Value |
|---|---|---|
| Scrip Name | Tulive Developers Limited | |
| Symbol | 505285 | |
| Issue Period | April 15, 2026 to April 21, 2026 | |
| Floor Price (Rs.) | Per Equity Share | 719.30 |
| Indicative Price (Rs.) | Per Equity Share | 750 |
| Delisting Offer Size | Equity Shares | 6,01,135 |
| Discovered Price (Rs.) | Per Equity Share | 750 |
| Total Shares/Bids Received | Bids between Rs. 719.30 and Rs. 900 | 4,79,058 Equity Shares with 19 successful bids |
| Shares Above Discovered Price* | Shares: 171, Bids: 2 |
Shareholding Status and Success Confirmation
The announcement confirmed that the delisting offer was successful based on the post-offer shareholding metrics. The total issued equity shares stand at 21,54,375.The shareholding data demonstrates the following key figures:
| Particulars | Shares (Total) | % of total issued equity shares |
|---|---|---|
| Pre-Delisting Offer Promoter and Members of Promoter Group Shareholding | 15,53,240 | 72.10% |
| Shares Successfully Bid at or below Discovered Price* | 4,78,887 | 22.22% |
| Post Delisting Offer Promoter and Members of Promoter Group Shareholding | 20,32,127 | 94.32% |
The report concluded that since the post Delisting Offer shareholding of the Acquirers, along with the other promoter and promoter group, exceeded 90% (achieving 94.32%) of the total number of issued Equity Shares, the delisting offer was successful.
Stock Price Movement
Tulive Developers Ltd settled at ₹844.55 today, closing up 2.00% on the day. The shares traded throughout the session, finding their range between a low of ₹844.00 and an intraday high of ₹844.55.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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