Iykot Hitech Toolroom Ltd
Saffron Capital Advisors Pvt. Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer ("LOF") to the Public Shareholders of Iykot Hitech Toolroom Ltd ("Target Company").
M&A
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 04 Jun 2026, 08:13 AM IST · BSE ID: 88b72c0f-d062-4402-9b93-377532ffb819
View Original BSE Filing (PDF)
💡
In Simple Terms
Aspect Global Ventures is making an open offer to buy 26% of Iykot Hitech Toolroom's shares from public shareholders.
🤖 AI Summary
- Saffron Capital Advisors submitted Letter of Offer for Aspect Global Ventures' open offer for Iykot Hitech Toolroom Ltd.
- Acquirer, Aspect Global Ventures Private Limited, aims to acquire up to 26,98,298 fully paid-up Equity Shares.
- Offer Price is ₹ 8.50 per Equity Share, totaling up to ₹ 2,29,35,533 for the public shareholders.
- The acquisition represents 26% of the Target Company’s existing voting share capital of 1,03,78,069 fully paid-up shares.
- The Offer is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Offer Shares
26,98,298 Equity Shares
Offer Price per Share
₹ 8.50
Aggregate Offer Value
₹ 2,29,35,533
Offer Percentage of Voting Share Capital
26%
Existing Voting Share Capital (fully paid-up)
1,03,78,069 fully paid-up equity shares
🏢 How This Affects the Company
This open offer indicates a change in ownership structure for Iykot Hitech Toolroom Ltd., which can introduce new strategic and operational directions.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders of Iykot Hitech Toolroom Ltd. can choose to tender their fully paid-up equity shares in the open offer as per the Letter of Offer terms.
👤
Who Is Affected
Public shareholders are affected as Aspect Global Ventures seeks to acquire up to 26,98,298 fully paid-up Equity Shares. Those holding partly paid-up shares, which have been forfeited, do not carry voting rights and are not part of this offer.
🔍
Management Signal
The Board of Directors of Iykot Hitech Toolroom Ltd. approved the forfeiture of 99,01,931 partly paid-up equity shares and decided to cancel them, which impacts the company's existing voting share capital.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Completion of the open offer and final shareholding pattern post-offer.
Update on the corporate action for forfeiture of 99,01,931 Equity Shares.
Any further announcements from Aspect Global Ventures or Iykot Hitech Toolroom Ltd.
MEDIUM RISK
Corporate action for share forfeiture is still pending, which introduces an element of uncertainty regarding the final share capital.
💡 Investor Takeaway
Aspect Global Ventures Private Limited launched an open offer to acquire 26,98,298 fully paid-up Equity Shares of Iykot Hitech Toolroom Ltd. at ₹ 8.50 per share, totaling ₹ 2,29,35,533. This represents 26% of the target company's current voting share capital.
⚖️ Strengths & Concerns
✅ Positives
- Acquirer, Aspect Global Ventures, is making a cash offer at a specified price of ₹ 8.50 per Equity Share.
- The offer is not conditional upon any minimum level of acceptance, ensuring certainty for tendering shareholders.
⚠️ Concerns
- Corporate action for forfeiture of 99,01,931 partly paid-up Equity Shares is still under process as of the Letter of Offer date.
- The Offer Size of 26% is based on 1,03,78,069 fully paid-up equity shares, which reflects a reduced voting share capital after forfeiture.
📅 Company Track Record
No previous filings found for Iykot Hitech Toolroom Ltd. with specific financial or operational data. The company's corporate action for the forfeiture of 99,01,931 equity shares, decided on January 9, 2026, is still under process as of May 11, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total number of Iykot Hitech Toolroom shares offered in the open offer?
Aspect Global Ventures Private Limited is offering to acquire up to 26,98,298 fully paid-up Equity Shares of Iykot Hitech Toolroom Ltd.
What is the offer price per share for Iykot Hitech Toolroom in the open offer?
The offer price is ₹ 8.50 per fully paid-up Equity Share for Iykot Hitech Toolroom Ltd. shareholders.
What is the aggregate value of the open offer for Iykot Hitech Toolroom shares?
The aggregate value of the open offer for Iykot Hitech Toolroom Ltd. shares is up to ₹ 2,29,35,533.
What percentage of Iykot Hitech Toolroom's voting share capital does the open offer represent?
The open offer represents 26% of Iykot Hitech Toolroom Ltd.'s existing voting share capital, which stands at 1,03,78,069 fully paid-up equity shares.
Is the corporate action for forfeiture of Iykot Hitech Toolroom's shares completed?
No, the corporate action for effecting the forfeiture of 99,01,931 Equity Shares is still under process as on the date of this Letter of Offer.
Questions based on this BSE filing only. For information purposes.