Fixed Price FPO | ₹18 Cr | Listed at BSE | Mon, Aug 27, 2007 - Mon, Sep 3, 2007
Dagger-Forst Tools FPO is a fixed price issue of ₹17.69 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹17.69 crore.
Dagger-Forst Tools FPO bidding started from Aug 27, 2007 and ended on Sep 3, 2007. The shares got listed on BSE on Sep 25, 2007.
Dagger-Forst Tools FPO price is ₹45 per share. The lot size for an application is 150. The minimum amount of investment required by an individual investor (retail) is ₹6,750 (150 shares) (based on upper price). The lot size investment for sNII is 30 lots (4,500 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (22,350 shares), amounting to ₹10,05,750.
Centrum Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Dagger-Forst Tools FPO RHP for detailed Information.
FPO Open
Mon, Aug 27, 2007
FPO Close
Mon, Sep 3, 2007
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹53.94 Cr
| IPO Date | 27 Aug to 3 Sep, 2007 |
| Listed on | Tue, Sep 25, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 39,31,150 shares (agg. up to ₹18 Cr) |
| Reserved for Private Promoter | 4,00,000 shares (agg. up to ₹2 Cr) |
| Fresh Issue | 35,31,150 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 35,31,150 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 46,54,935 shares |
| Share Holding Post Issue | 1,19,86,039 shares |
| BSE Script Code | 505426 |
| ISIN | INE989B01014 |
Dagger-Forst Tools FPO comprises a total issue size of 36,06,150 shares. The net offer to the public is 32,06,150 shares, after excluding 4,00,000 shares allotted on a firm basis. Of the Net offer 18,03,075 (50.00%) allocated to NII 18,03,075 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| NII (HNI) Shares Offered | 18,03,075 | 50.00% | 50.00% | NA |
| Retail Shares Offered | 18,03,075 | 50.00% | 50.00% | 12,020 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 4,00,000 | 11.09% | NA | |
| Total Shares Offered | 36,06,150 | 100.00% | 100.00% | |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹6,750 |
| Retail (Max) | 29 | 4,350 | ₹1,95,750 |
| S-HNI (Min) | 30 | 4,500 | ₹2,02,500 |
Dagger Forst Tools Limited (DFTL), a part of Yashovardhan Birla Group, is engaged in the manufacture of high precision Cutting Tools viz. Broaches, Hobs, Shaper Cutters & Shaving Cutters (Gear Cutting Tools).
Broaching is one of the most economical methods of machining, an integral process in the Engineering and Automobile Industry. It is, in most cases, the only process by which complex internal and external shapes can be achieved with high accuracy and surface finish.
The first Broach manufacturing plant was set up by the Company in 1965 at Thane in Maharashtra in collaboration with Oswald Forst GmbH of Germany and a decade later i.e. in 1975, another plant was setup at Aurangabad, Maharashtra, to cater to the increased market demand for broaches.
DFTL is a listed company in BSE. DFTL stock information at BSE is as below:
BSE Code: 505426
Face Value: 10
Sector: Engineering - Machine Tools
ISIN Demat: INE989B01014
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a new plant for providing machining facility of castings at Aurangabad | 20.80 |
| 2 | To repay the unsecured loan raised by the Company for setting up the Gandhidham unit from Nirved Traders Private Limited, Promoter Company | 4.70 |
| 3 | To meet the margin money for working capital requirement for Aurangabad Project | 0.50 |
| 4 | To meet the expenses of the issue | 3.00 |
| KPI | |
|---|---|
| RoNW | 4.8% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 70.75% | 50.45% |
| Market Cap | ₹53.94 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager & Registrars fees, Audit Fees & Consultancy | 0.90 |
| 2 | Printing & Stationery / Dispatch | 0.40 |
| 3 | Brokerage & Selling Commission | 0.80 |
| 4 | Advertisement & Marketing Expenses | 0.45 |
| 5 | Other Expenses (Listing Fees, Depository Charges etc.) | 0.45 |
| Total | 3.00 |
Dagger Forst Tools Limited announced that the members at the annual general meeting (AGM) of the Company held on September 29, 2010, inter alia, have considered & approved the change of name of the Company from Dagger Forst Tools Ltd to Birla Machining & Toolings Ltd.
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.35 |
| Low | ₹42.30 |
| High | ₹45.40 |
| Last Trade | ₹43.90 |
Lead Manager Reports
Dagger-Forst Tools FPO is a main-board FPO of 39,31,150 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 150.
The FPO opens on Mon, Aug 27, 2007, and closes on Mon, Sep 3, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Dagger-Forst Tools FPO using UPI as a payment gateway. Zerodha customers can apply in Dagger-Forst Tools FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dagger-Forst Tools FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dagger-Forst Tools FPO opens on Mon, Aug 27, 2007 and closes on Mon, Sep 3, 2007.
Dagger-Forst Tools FPO lot size is 150, and the minimum amount required for application is ₹6,750.
You can apply in Dagger-Forst Tools FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dagger-Forst Tools FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dagger-Forst Tools FPO allotment status.
The Dagger-Forst Tools FPO listing date is on Tue, Sep 25, 2007.
