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Iykot Hitech Toolroom Ltd. Rights Issue (Iykot Hitech Toolroom Rights Issue 2024) Detail

April 24, 2024 - May 8, 2024
Iykot Hitech Toolroom Ltd. Logo

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. Itsproducts 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.

Iykot Hitech Toolroom Rights Issue 2024 Detail

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

Iykot Hitech Toolroom Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 2, 2024
Record Date April 3, 2024
Credit of Rights Entitlements April 22, 2024
Bid/Offer Opens On April 24, 2024
Renunciation of Rights Entitlements April 30, 2024
Bid/Offer Closes On May 8, 2024
Deemed Date of Allotment May 14, 2024
Credit Date May 17, 2024
Listing Date May 20, 2024

Company Financials

Iykot Hitech Toolroom Ltd. Financial Information (Restated)

Iykot Hitech Toolroom Ltd.'s revenue decreased by -72.1% and profit after tax (PAT) dropped by -663.19% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets3.595.164.97
Revenue2.358.416.31
Profit After Tax-1.130.200.03
Reserves and Surplus0.151.281.08
Amount in ₹ Crore

Objects of the Issue:

The objects of the Issue are:

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

Iykot Hitech Toolroom Rights Issue 2024 Subscription Status

Iykot Hitech Toolroom Rights Issue 2024 is subscribed 0.18 times as on April 26, 2024 5:00:00 PM. The total bid quantity received by BSE is 2,484,776 shares.

Iykot Hitech Toolroom Rights Issue 2024 Documents

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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/

Iykot Hitech Toolroom Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: cameo@cameoindia.com
    Website: https://ipo.cameoindia.com/

Iykot Hitech Toolroom Rights Issue 2024 Lead Manager(s)

Iykot Hitech Toolroom Rights Issue 2024 FAQs

The Iykot Hitech Toolroom Rights Issue 2024 opens on April 24, 2024, and closes on May 8, 2024.

Iykot Hitech Toolroom Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsApril 22, 2024
Last Date for renunciation of Rights EntitlementsApril 30, 2024
Issue Opening DateApril 24, 2024
Issue Closing DateMay 8, 2024
Date of Allotment (on or about)May 14, 2024
Date of Credit (on or about)May 17, 2024
Date of Listing (on or about)May 20, 2024

Iykot Hitech Toolroom Rights Issue 2024 price is set at ₹7 per share per equity share.

The eligible shareholders are being offered 7 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (April 3, 2024).

The record date for the Iykot Hitech Toolroom Rights Issue 2024 is April 3, 2024.

The issue size of Iykot Hitech Toolroom Rights Issue 2024 is of 14,196,000 equity shares at ₹7 per share aggregating upto ₹9.94 Crores.

The Letter of Offer for Iykot Hitech Toolroom Rights Issue 2024 can be download here.

You can apply for Iykot Hitech Toolroom Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Iykot Hitech Toolroom Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Iykot Hitech Toolroom Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Iykot Hitech Toolroom Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Iykot Hitech Toolroom Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Iykot Hitech Toolroom Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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