Affordable Robotic & Automation Rights Issue 2024 FAQ's

₹48.00 Crores | Listing at BSE | Mon, Feb 26, 2024 - Thu, Mar 7, 2024

Affordable Robotic & Automation Ltd Rights Issue Date 2026 & Price FAQs

The timetable for Affordable Robotic & Automation Ltd Rights Issue is as follows:

Last Date for credit of Rights EntitlementsWed, Mar 6, 2024
Last Date for renunciation of Rights EntitlementsFri, Mar 1, 2024
Issue Opening DateMon, Feb 26, 2024
Issue Closing DateThu, Mar 7, 2024
Date of Allotment (on or about)Fri, Mar 15, 2024
Date of Credit (on or about)Mon, Mar 18, 2024
Date of Listing (on or about)Fri, Mar 22, 2024

Affordable Robotic & Automation Rights Issue 2024 price is set at ₹450 per share. The Affordable Robotic & Automation Rights Issue 2024 opens on Mon, Feb 26, 2024, and closes on Thu, Mar 7, 2024, for the subscription.

The allotment of Affordable Robotic & Automation Rights Issue 2024 is expected to happen on or about March 15, 2024 as per the issue schedule.

Affordable Robotic & Automation Rights Issue 2024 listing date is 2024-03-21T00:00:00.000Z.

The credit of Affordable Robotic & Automation Rights Issue 2024 in Demat account is expected on or about March 18, 2024 as per the issue schedule.

Objects of the Issue:

The company intends to utilize the proceeds from the Issue towards the funding of the following objects:

  1. Investment in Material Subsidiary i.e., ARAPL RaaS Private Limited for augmenting the working capital requirement; and
  2. To augment the existing and incremental working capital requirement of the company.

It is difficult to predict the exact listing price of Affordable Robotic & Automation Ltd Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Affordable Robotic & Automation Ltd which could help you with questions like whether to subscribe or not. Consider reading Affordable Robotic & Automation Ltd reviews and analysis from experts posted on the Rights Issue detail page.