The Iykot Hitech Toolroom date has been confirmed from April 24, 2024 – April 30, 2024. Read the post to learn about Iykot Hitech Right Issue.
The Iykot Hitech Toolroom IPO has a fixed issue size of ₹9.94 Crores. Iykot Hitech Toolroom Limited produces and distributes plastic components, dies, moulds, and tools. It also designs injection moulds in India. Its products are employed in the consumer goods and automobile industries.
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Key Details Of Iykot Hitech Toolroom
Bidding Dates
Feb 26-Mar 7
Issue Size
₹9.94 Crores
Face Value
₹5 per share
Record Date
April 3, 2024
Iykot Hitech Toolroom Record Date
The Iykot Hitech Toolroom Record Date is April 3, 2024.
Iykot Hitech Toolroom Overview
Iykot Hitech Limited makes and sells plastic components, dies, and moulds. It is also an injection mould designer in India. Its products are employed in the automotive and consumer products industries.
Iykot Hitech Rights Issue Detail
| Issue Open | April 24, 2024 – April 30, 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 Ltd Financial Information
| 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 IPO Timeline
| Last Date to buy shares | April 2, 2024 |
| Record Date | April 3, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 24, 2024 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | April 30, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
At its Nagalkeni factory, We have seven moulding machines with a 150–850 tonne component production capacity. Regarding technology, the business has also teamed up with Bangalore’s Nettur Technical Training Foundation (NTTF).
Registrar Info
| Name | – |
| Phone number | – |
| Email ID | – |
| Website | – |
Contact Details
| Name | Iykot Hitech Toolroom Ltd. |
| Phone number | +91-44-43162280 |
| Email ID | [email protected] |
| Website | iykot.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Iykot Hitech Toolroom IPO FAQs
What is the issue price for Iykot Hitech Toolroom Rights Issue 2024?
Iykot Hitech Toolroom Rights Issue 2024 price is set at ₹7 per share per equity share.
In what ratio is the Iykot Hitech Toolroom Rights Issue 2024 offered?
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).
What is the record date for Iykot Hitech Toolroom Rights Issue 2024?
The record date for the Iykot Hitech Toolroom Rights Issue 2024 is April 3, 2024.
What is the issue size of Iykot Hitech Toolroom Rights Issue 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.
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