Etching a New Chapter—Aikyam Takes the Reins at Shilp Gravures

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There has been a huge share shake-up wherein Aikyam Sampati Management LLP and Pranav Chandrakant Bhalara have agreed to buy a 60.75% stake in Shilp Gravures Ltd (BSE: SHIP.BO) for approximately ₹600 million. The deal is a strategic one to buy majority control of the gravure printing tech firm, which is renowned for its precision rollers used in packaging and decorative laminates.

1. Deal Highlights

The acquirers will take over 37,36,207 fully paid-up equity shares at ₹159.35 per share aggregating to an aggregate cash consideration of ₹595.36 million.
The transaction was completed by way of a Share Purchase Agreement (SPA) dated December 12, 2024.
Upon takeover, the buyers will emerge as the new promoters of Shilp Gravures replacing the existing promoter group.

2. Open Offer Triggered

As per SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, the acquirers have launched an open offer to acquire an additional 26% stake at ₹213 per share, totaling up to ₹340.5 million if fully subscribed.
The open offer ensures transparency and gives public shareholders an exit opportunity during the promoter transition.

3. Strategic Outlook

The acquisition is a testament to high optimism with regard to the growth potential of Shilp Gravures in the gravure roller industry witnessing increasing demand from the FMCG as well as green packaging sectors.
The new promoters will be looked up to employing the company's technical capability to further fuel innovation and market expansion.

Sources: MarketScreener, Trade Brains, Finance Saathi