Iykot Hitech Toolroom Ltd fixes April 3, 2024 as record date for rights issue

The Board of Directors ("The Board") of IYKOT HITECH TOOLROOM LIMITED in their meeting held today, i.e., Wednesday, March 20, 2024, has considered and approved the terms of the Rights Issue.

The board approves issue of fully paid-up Equity Shares of face value of ₹5/- each through rights issue ("Rights Equity Shares").

Total number of securities proposed to be issued - Up to 1,41,96,000 fully paid-up Equity Shares of face value of ₹5/- each.

Issue Price - ₹7/- per Rights Equity Share (including premium of ₹2/- per Rights Equity Share and Face Value of ₹5/- each).

Issue Size - ₹ 993.72 lakhs

- 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).

Record date - Wednesday, April 3, 2024, for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders")

Rights Issue Period

Rights Issue Opening Date: Wednesday, April 24, 2024
*Last Date of Market Renunciations: Tuesday, April 30, 2024
Rights Issue Closing Date: Wednesday, May 8, 2024

Rights Entitlement Ratio 7 Rights Equity Shares of ₹5/- each for every 3 Equity Shares of ₹5/- each held by the Eligible Equity Shareholders in the Company as on the record date, with the right to renounce.

Shares of IYKOT HITECH TOOLROOM LTD. was last trading in BSE at Rs. 26.57 as compared to the previous close of Rs. 25.31. The total number of shares traded during the day was 3782 in over 7 trades.

The stock hit an intraday high of Rs. 26.57 and intraday low of 26.57. The net turnover during the day was Rs. 100487.00.

Source : Equity Bulls

Keywords

IYKOTHITECHTOOLROOM INE079L01013 FundRaising RightsIssue RecordDate 7For3