StockWatch
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Industrial Products
Open Offer16 Jun 2026, 05:30 pm

Iykot Hitech Toolroom: Open Offer Reminder Advertisement Published

AI Summary

Saffron Capital Advisors Pvt. Ltd, acting as the Manager to the Open Offer for Iykot Hitech Toolroom Limited, has submitted a Reminder Advertisement to BSE. This advertisement, dated June 15, 2026, was published on June 16, 2026, in various newspapers. The open offer aims to acquire up to 26,98,298 equity shares at ₹8.50 per share, aggregating ₹2,29,35,533, representing 26% of the voting share capital. This follows the forfeiture and cancellation of 99,01,931 partly paid-up equity shares by the Target Company, adjusting the voting share capital basis for the offer calculation.

Key Highlights

  • Reminder advertisement for Iykot Hitech Toolroom open offer published.
  • Offer size is 26% of voting share capital at ₹8.50 per share.
  • Total offer value amounts to ₹2,29,35,533.
  • Offer size adjusted post forfeiture of 99,01,931 partly paid-up shares.