Dagger Forst Tools FPO opens on 27th August

Dagger Forst Tools Limited, manufacturer of specialized high precision cutting tools in India, comes with an FPO-Public Issue of 40,06,150 equity shares of Rs. 10/- each for cash at a price of Rs. 45 per equity share inclusive of premium aggregating to Rs. 1,802.77 lacs including promoters contribution of 4,00,000 equity shares for cash at a price of Rs. 45 per equity share inclusive of premium aggregating to Rs. 180.00 lacs.

Thus Net Offer to public is 36,06,150 equity shares for cash at a price of Rs. 45 inclusive of premium aggregating to Rs. 1622.77 lacs. The net public issue would constitute 30.09 percent of the post issue paid up capital of the company.

Dagger Forst Tolls FPO  issue Opens for subscription on August 27, 2007 and will close on September 03, 2007  and Intime Spectrum Registry Limited is the registrar to the issue.

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