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 shares | 02 April 2024 |
| Record Date | 03 April 2024 |
| Credit of Rights Entitlements | 22 April 2024 |
| Bid/Offer Opens On | 24 April 2024 |
| Renunciation of Rights Entitlements | 30 April 2024 |
| Bid/Offer Closes On | 08 May 2024 |
| Deemed Date of Allotment | 14 May 2024 |
| Credit Date | 17 May 2024 |
| Listing Date | 20 May 2024 |
Iykot Hitech Toolroom Rights Issue Details
| Issue Open | April 24, 2024 – May 8, 2024 |
| Security Name | Iykot 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 At | BSE |
| Terms of Payment | On 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). |
| Entitlement | 7 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3.59 | 5.16 | 4.97 |
| Revenue | 2.35 | 8.41 | 6.31 |
| Profit After Tax | -1.13 | 0.20 | 0.03 |
| Reserves and Surplus | 0.15 | 1.28 | 1.08 |
Rights Issue Documents
Lead Manager(s)
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Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Iykot Hitech Toolroom Ltd.
131/2, Thiruneermalai Road
Nagalkeni, Chrompet
Chennai-600044
Phone: +91-44-43162280
Email: info@iykot.com
Website: https://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
