Shreyas shipping DELISTING attempt

Indicative price 375 ( revised from 338 ) RBB (reverse book building ) from 20 to 26 September 2023 .
the share has not participated in whole shipping & logistic bull run . if Delisted , investors should get 15-25% premium to present market price. if failed downward risk appear to be negligible .

15-25% is too low. Delisting price should not be less than Rs. 750/-.
The indicative price is equal to the book value. The company has a long term agreement with DP World / Unifeeder with fixed returns on their ships. The PE Ratio is around 3-4 and the current price is one of the cheapest in the non-PSU segment.

One can buy at current levels and bid for a price at not less than Rs. 750/-. Even if the delisting fails, it will have a good upside in the long run.

The company has given a counter offer of 400. The withdrawl window for the bid starts from 3rd October 9:15 am. Can someone from Zerodha team confirm if the bid withdrawl and availability of shares will be immediate? I want to sell the shares in the open market on 3rd itself.

To withdraw your order for the delisting, you can create a ticket here.