SCOOTER INDIA LTD exit offer / fixed price delisting

Scooter india ltd a PSU , fixed price exit offer at 31.78 per share end on 08 april 2024. after delisting 2 year EXIT PERIOD through off market for shareholders to offer. WHY THE SHARE TRADING MUCH HIGHER ? dangerous very dangerous for investors !

It is not traded even in hundreds and it makes sense. Why would anyone trade in it when the future price is predetermined?

It is still traded around 55 wherein exit price is 31.78 . assumed reason can be , shareholders have option to retain delisted share and these people are expecting high offer in future (ultra rare chances) after 2 year of exit offer period from delisting date . not sure but read that co is having good land bank . however VERY DANGEROUS to hold/buy from this view.