Iykot Hitech Toolroom Ltd
Saffron Capital Advisors Pvt. Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of the Securities and Exchange Board ....
M&A
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MEDIUM RISK
📅 Filed on BSE: 09 Jun 2026, 05:02 PM IST · BSE ID: 13115dbd-6a2e-4e21-92ec-6c5d8e346442
View Original BSE Filing (PDF)
💡
In Simple Terms
An acquirer has started a public offer to buy 26% of Iykot Hitech Toolroom's shares for ₹ 8.50 per share.
🤖 AI Summary
- Aspect Global Ventures Private Limited has commenced an open offer for 26,98,298 fully paid-up Equity Shares.
- Offer price set at ₹ 8.50 per Equity Share, aggregating up to ₹ 2,29,35,533.
- The offer represents 26% of Iykot Hitech Toolroom Limited's voting share capital.
- Offer opening public announcement published on June 09, 2026, in major newspapers.
- Board of Directors of Iykot Hitech Toolroom reconstituted on April 27, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Open Offer Shares
26,98,298 Equity Shares
Offer Price per Share
₹ 8.50
Total Offer Value
₹ 2,29,35,533
Percentage of Voting Share Capital
26%
Forfeited Shares
99,01,931 Equity Shares
Existing Voting Share Capital (post forfeiture)
1,03,78,069 fully paid-up equity shares
🏢 How This Affects the Company
Shareholders face the risk of not tendering shares in the open offer if the price is considered fair or attractive by the market, potentially leaving the Acquirer short of the target acquisition.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders wishing to participate must tender their fully paid-up Equity Shares in the open offer at ₹ 8.50 per share during the offer period.
👤
Who Is Affected
Public shareholders of Iykot Hitech Toolroom Limited holding up to 26,98,298 fully paid-up equity shares are affected, as the Acquirer seeks to acquire their shares for cash.
🔍
Management Signal
The Board's reconstitution on April 27, 2026, including director resignations and new appointments, signals a change in the company's governance structure in connection with the offer.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Conclusion of the open offer and final shareholding change disclosure.
Board meeting updates regarding the status of forfeited shares cancellation.
Any further corporate actions or changes to the Board of Directors.
MEDIUM RISK
The offer involves a change in significant shareholding, and ongoing corporate actions regarding share forfeiture are not yet complete.
💡 Investor Takeaway
Aspect Global Ventures Private Limited commenced its open offer for Iykot Hitech Toolroom Limited. The offer price is ₹ 8.50 per Equity Share to acquire up to 26,98,298 shares, representing 26% of the voting share capital for a total of ₹ 2,29,35,533.
⚖️ Strengths & Concerns
✅ Positives
- The open offer provides liquidity for public shareholders to exit their investment at ₹ 8.50 per Equity Share.
- The offer aims to acquire a significant stake of 26% of the voting share capital, indicating a substantial investment by the Acquirer.
⚠️ Concerns
- The forfeiture of 99,01,931 partly paid-up equity shares and subsequent cancellation reduces the company's total issued capital significantly.
- Corporate action regarding the forfeiture and cancellation of shares is still under process, indicating administrative tasks are not fully completed.
📅 Company Track Record
A previous filing on 2026-06-04 confirmed the open offer for 26,98,298 Equity Shares of Iykot Hitech Toolroom at ₹ 8.50 each, which this filing formally announces as opening.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the open offer price per share for Iykot Hitech Toolroom Limited?
The open offer price for Iykot Hitech Toolroom Limited is ₹ 8.50 per fully paid-up Equity Share.
How many shares is Aspect Global Ventures Private Limited aiming to acquire?
Aspect Global Ventures Private Limited aims to acquire up to 26,98,298 fully paid-up Equity Shares of Iykot Hitech Toolroom Limited.
What percentage of the voting share capital does the open offer represent?
The open offer represents 26% of the voting share capital of Iykot Hitech Toolroom Limited.
What is the total aggregate value of the open offer?
The total aggregate value of the open offer is up to ₹ 2,29,35,533.
When was the offer opening public announcement published?
The offer opening public announcement was published on June 09, 2026, in various newspapers.
Questions based on this BSE filing only. For information purposes.