22 Apr 07 Dagger Frost Tools Limited IPO
Dagger Frost Tools Limited, a leading Broach Manufacturing Company, set up in 1965 by Mr. Ashok Birla is coming out with an IPO. Dagger Frost Tools has filed the draft red herring prospectus with SEBI and is waiting for SEBI’s approval. Post IPO the Dagger Frost Tools shares will be listed and traded on both the leading Indian stock exchanges, nse and bse. Dagger Frost Tools Ltd is part of the Rs. 1,400 crore Yash Birla group.
Dagger Frost Tools was earlier known as Pioneering Broach Manufacturing Company, when it was started in 1965. Dagger Frost Tools set up its first unit at Thane, near Mumbai, in collaboration with a german company called Oswald Forst. Dagger Frost Tools manufactures a full range of custom made gear cutting tools, broaches & spline gauges, mainly used by the defence, automobile, power and aerospace sectors. Dagger Frost Tools exports to various European countries, USA, South Africa, Korea, Iran, Taiwan, Indonesia, Australia and many other countries.
Dagger Frost Tools Limited IPO Prospectus
For more information, read the draft red herring prospectus of the Dagger Frost Tools Limited IPO.
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How does this company compare with other companies who are selling broaches such as:
MSC
Slater Tools
Champion
I’m sorry. I haven’t heard of these companies before. My best guess is that Dagger Frost being a birla group company would be very competitive when it comes to price and quality.