Dagger Forst Tools Ltd. IPO

Date: 12.08.2007 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.
Information:
»» Public Issue Open : August 27, 2007 to September 03, 2007
»» Public Issue Type : Fixed Price Public Offer
»» Public Issue Size: 40,06,150 Equity Share of Rs 10/- each
»» Public Issue Price: Rs. 45/- Per Equity Share
»» Market Lot: 25 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE