Aspect Global Ventures Launches Open Offer for Iykot Hitech Toolroom Ltd Shares
Aspect Global Ventures Private Limited has initiated an open offer for the equity shares of Iykot Hitech Toolroom Limited (Target Company). The offer is set to acquire up to 2,698,298 fully paid-up Equity Shares of the Target Company.The offer details state that the face value of each share is ₹5/- (Rupees Five only). Shareholders are being offered a price of ₹8.50/- per equity share for cash. This transaction aggregates up to ₹2,29,35,533/- (Rupees Two Crore Twenty Nine Lakh Thirty Five Thousand Five Hundred and Thirty Three only), representing 26% of the Voting Share Capital of Iykot Hitech Toolroom Limited.
The open offer is being managed by Saffron Capital Advisors Private Limited on behalf of Aspect Global Ventures Private Limited.
Basis for Offer Size
Details regarding the share capital structure of Iykot Hitech Toolroom Limited are as follows:- Total issued equity share capital, as reflected on BSE, stood at 2,02,80,000 Equity Shares. This total included 99,01,931 partly paid-up Equity Shares. These partly paid up shares were fully called up but not paid up by the shareholders and thus did not carry voting rights.
- The Board of Directors of the Target Company had approved the forfeiture of these 99,01,931 partly paid up equity shares following a Board Resolution dated January 9, 2026. The company subsequently decided to cancel these forfeited shares.
- Based on this action, the Existing Voting Share Capital of the Target Company is calculated at 1,03,78,069 fully paid-up equity shares, which forms the basis for the offered size of 26%.
The offer invitation was issued by Saffron Capital Advisors Private Limited.
Stock Price Movement
The shares of Iykot Hitech Toolroom Ltd closed flat on Monday evening, registering a price of ₹20.11. This stability was evident throughout the day, as the stock traded completely locked with its intraday high and low both resting at ₹20.11.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.