Iykot Hitech Toolroom Rights Issue

Iykot Hitech Toolroom Rights Issue will open for subscription from 24 April 2024. the company aims for an issue size of ₹9.94 Crores through this rights Issue.

About the company

Iykot Hitech Toolroom Limited is a company that manufactures and distributes tools, dies, molds, and plastic components. It is also a designer of injection molds in India. Its products are used in the automotive and consumer products industries.

Iykot Hitech Toolroom’s factory in Nagalkeni has seven molding machines that can produce components ranging from 150 to 850 tons.The company has also partnered with the Nettur Technical Training Foundation (NTTF) Bangalore for technology.

Objectives of the Issue

  • To augment our capital base and meet the working capital requirements.
  • General corporate purposes.

Iykot Hitech Toolroom Rights Issue Timetable

Last Date to buy shares02 April 2024
Record Date03 April 2024
Credit of Rights Entitlements22 April 2024
Bid/Offer Opens On24 April 2024
Renunciation of Rights Entitlements30 April 2024
Bid/Offer Closes On08 May 2024
Deemed Date of Allotment14 May 2024
Credit Date17 May 2024
Listing Date20 May 2024

Iykot Hitech Toolroom Rights Issue Details

Issue OpenApril 24, 2024 – May 8, 2024
Security NameIykot Hitech Toolroom Ltd.
Issue Size (Shares)14,196,000
Issue Size (Amount)₹9.94 Crores
Issue Price₹7 per share
Face Value₹5 per share
Listing AtBSE
Terms of PaymentOn Application: ₹1.75 per Equity Share (₹ 1.25 towards face value and ₹0.50 towards premium) On one or more calls: ₹ 5.25 per Equity Share (₹3.75 towards face value and ₹ 1.50 towards premium).
Entitlement7 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax-
Reserves and Surplus0.151.281.08
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com

Company Contact Information

Iykot Hitech Toolroom Ltd.
131/2, Thiruneermalai Road
Nagalkeni, Chrompet

Phone: +91-44-43162280
Email: info@iykot.com

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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