Description

NSE announces web-based bidding platform for takeover offer by Mr. Satyapoorna Chander Yalamanchili to acquire up to 35,97,865 equity shares of Silly Monks Entertainment Limited at Rs. 18.50 per share during January 16-30, 2026.

Summary

The National Stock Exchange has enabled its web-based bidding platform for a takeover offer by Mr. Satyapoorna Chander Yalamanchili to acquire equity shares of Silly Monks Entertainment Limited. The offer will be conducted under the Tender Offer Scheme and will be available for bidding from January 16-30, 2026, with a fixed offer price of Rs. 18.50 per equity share.

Key Points

  • Acquirer: Mr. Satyapoorna Chander Yalamanchili
  • Target Company: Silly Monks Entertainment Limited (Symbol: SILLYMONKS)
  • Offer Size: Up to 35,97,865 equity shares
  • Offer Price: Rs. 18.50 per share (fixed price)
  • Face Value: Rs. 10 per share
  • Lot Size: 1 equity share
  • ISIN: INE203Y01012
  • Offer Type: Takeover offer under fixed price method
  • Merchant Banker: Mark Corporate Advisors Private Limited
  • Registrar: Bigshare Services Private Limited
  • Order modification and cancellation not permitted

Regulatory Changes

No new regulatory changes introduced. The takeover offer will be conducted in accordance with existing Tender Offer Scheme Exchange circular NSE/CMTR/52776 dated June 29, 2022.

Compliance Requirements

  • All trading members of the Capital Market segment are eligible to participate
  • Members using the web-based IPO bidding platform can use existing user IDs
  • Members without system access must log in to admin terminal using Adminxxxxx format (where xxxxx is Member Code) to create branches and users
  • Custodial confirmation must be completed during specified timings
  • Eight investor categories are eligible: FII, Mutual Funds, Insurance Companies, Banks & Financial Institutions, Other QIBs, Bodies Corporate, Individuals, and Other Non-Institutional Investors

Important Dates

  • Circular Date: January 12, 2026
  • Issue Period: January 16-30, 2026
  • Bidding Time: 9:15 AM to 3:30 PM (all days)
  • Custodial Confirmation on Issue Closure Day: 9:15 AM to 4:00 PM
  • Live URL: https://eipo.nseindia.com

Impact Assessment

This takeover offer is material for shareholders of Silly Monks Entertainment Limited who may tender their shares at Rs. 18.50 per share. The fixed-price tender mechanism provides clarity on valuation. Trading members need to ensure their systems and user access are configured to facilitate client participation. The restriction on order modification/cancellation requires careful submission of bids. The offer represents a potential change in control event for the company, which may impact existing shareholders’ decisions on whether to participate in the tender offer.

Impact Justification

Company-specific takeover offer affecting shareholders of Silly Monks Entertainment Limited with fixed price tender mechanism. Material for existing shareholders but limited broader market impact.