Dolphin Medical Services has updated its open offer schedule, with the tendering period now running from July 31 to August 13, 2026. Acquirers have deposited ₹1.90 crore in escrow for the offer of 39.25 lakh shares at ₹4.80 each.
Dolphin Medical Services Revises Open Offer Schedule
Dolphin Medical Services Ltd announced an updated schedule for its open offer, extending the tendering period for public shareholders. The offer price remains ₹4.80 per share for 39,25,988 shares, representing 26.00% of the equity capital. Acquirers have deposited ₹1.902 crore (190.2 Lakhs) in an escrow account with Axis Bank, which covers over 100% of the total potential consideration. The company confirmed no competing offers are in place.
Reader Takeaway: Updated timeline offers clarity; escrow secured, no competing bids.
What just happened
Dolphin Medical Services Limited has issued a corrigendum and revised schedule for its open offer. The tendering period for public shareholders to sell their shares will now commence on July 31, 2026, and close on August 13, 2026. The payment of consideration is scheduled for August 28, 2026.
Why this matters
This update provides crucial dates for investors who wish to participate in the open offer. The confirmed escrow deposit of ₹1.902 crore by the acquirers signifies commitment to the transaction. The absence of competing offers reduces uncertainty for shareholders.
The backstory
The open offer is being conducted in compliance with SEBI (SAST) Regulations, 2011. Acquirers are seeking to increase their stake in Dolphin Medical Services, necessitating this offer to public shareholders.
What changes now
Shareholders now have a clear, revised timeline to decide whether to tender their shares. They should coordinate with their brokers to ensure timely submission of bids within the August 13, 2026 deadline. Material documents can be inspected by contacting the Manager to the Offer.
Risks to watch
Shareholders should be aware of the tendering period closure date and ensure all necessary actions are completed before August 13, 2026. Any delay in bidding could lead to missing the opportunity to exit at the offer price.
Context metrics
- Offer Price: INR 4.80 per share
- Number of Offer Shares: 39,25,988
- Offer Size: 26.00% of equity and voting capital
- Escrow Deposit: INR 1.902 crore
- Commencement of Tendering Period: July 31, 2026
- Closure of Tendering Period: August 13, 2026
- Last date for payment: August 28, 2026
What to track next
Investors should monitor the final payment of consideration and the post-offer public announcement scheduled for September 4, 2026, to gauge the successful completion of the open offer.