₹9.94 Crores | Listing at BSE | Wed, Apr 24, 2024 - Wed, May 8, 2024
Iykot Hitech Toolroom Ltd. Rights Issue comprises 1.42 Cr equity shares aggregating to ₹9.94 Cr, offered at an issue price of ₹7 per share with a face value of ₹5 per share.
The record date for determining eligible shareholder is Apr 3, 2024, with the Rights Issue being offered in the entitlement ratio of 7 : 3.
The term of payment is defined as following : 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).
The Rights Entitlements are expected to be credited to eligible demat accounts on May 14, 2024.
The Rights Issue opens on Apr 24, 2024, and closes on May 8, 2024, with renunciation of Rights Entitlements permitted up to Apr 30, 2024.
The deemed date of allotment is May 14, 2024, following which the equity shares are expected to be credited to demat accounts on May 17, 2024 and listed at the BSE on May 20, 2024.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Iykot Hitech Toolroom Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Apr 3, 2024
Entitlement Ratio
7 : 3
Open Date
Wed, Apr 24, 2024
Close Date
Wed, May 8, 2024
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).
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 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 |
| Amount in ₹ Crore | |||
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.
The objects of the Issue are:
[Dilip Davda] The company has reported minuscule performance for the last four fiscals. It incurred losses on the workings of last 21 months. Though the RI is priced at a discount of around 54% based on the last traded price, it’s a risky bet considering its financial performance so far. The counter is well managed above the RI price to lure investors. More than triple equity post-RI may face servicing issues. Well-informed investors may take a risk of parking funds for the medium to long term. Read detail review...
Iykot Hitech Toolroom Rights Issue 2024 got oversubscribed by 2.99 times by the end of the bidding period with total bid quantity received by BSE of 4,23,78,023 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 08 2024 17:00:00 | 4,23,78,023 | 2.99x |
Iykot Hitech Toolroom Ltd.
131/2, Thiruneermalai Road
Nagalkeni, Chrompet
Chennai-600044
Chennai, Tamil Nadu, 600044
The Iykot Hitech Toolroom Rights Issue 2024 opens on Wed, Apr 24, 2024, and closes on Wed, May 8, 2024.
Iykot Hitech Toolroom Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Apr 22, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 30, 2024 |
| Issue Opening Date | Wed, Apr 24, 2024 |
| Issue Closing Date | Wed, May 8, 2024 |
| Date of Allotment (on or about) | Tue, May 14, 2024 |
| Date of Credit (on or about) | Fri, May 17, 2024 |
| Date of Listing (on or about) | Mon, May 20, 2024 |
You can apply for Iykot Hitech Toolroom Rights Issue 2024 in two ways:
Steps to apply for Iykot Hitech Toolroom Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Iykot Hitech Toolroom Rights Issue 2024 using Registrar's website (R-WAP)
