The Iykot Hitech Toolroom date has been confirmed from April 24, 2024 – April 30, 2024.
The Iykot Hitech Toolroom Developers IPO is a fixed issue size of ₹9.94 Crores. Plastic components, dies, moulds, and tools are all produced and distributed by Iykot Hitech Toolroom Limited. In India, it also designs injection moulds. The consumer goods and automobile industries employ its products.
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Bidding Dates
Feb 26-Mar 7
Issue Size
₹9.94 Crores
Face Value
₹5 per share
Record Date
April 3, 2024
Iykot Hitech Toolroom IPO GMP
The Iykot Hitech Toolroom Record Date is April 3, 2024.
IPO Overview
A company called Iykot Hitech Toolroom Limited makes and sells plastic components, dies, and moulds. It is an injection mould designer in India as well. The automotive and consumer products industries employ its products.
Iykot Hitech Toolroom 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 Toolroom 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, Iykot Hitech Toolroom has 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 | info@iykot.com |
| Website | iykot.com |
IPO Strenghts
- 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.
