₹9.95 Crores | Listing at NSE | Tue, Sep 24, 2024 - Fri, Oct 4, 2024
A B Infrabuild Limited Rights Issue comprises 0.5527 Cr equity shares aggregating to ₹9.95 Cr, offered at an issue price of ₹18 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is May 17, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 8.
The term of payment is defined as following : Full amount of Rs. 18 per Equity Share is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 10, 2024.
The Rights Issue opens on Sep 24, 2024, and closes on Oct 4, 2024, with renunciation of Rights Entitlements permitted up to Sep 27, 2024.
The deemed date of allotment is Oct 10, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 16, 2024 and listed at the NSE on Oct 21, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the A B Infrabuild Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 17, 2024
Entitlement Ratio
1 : 8
Open Date
Tue, Sep 24, 2024
Close Date
Fri, Oct 4, 2024
Full amount of Rs. 18 per Equity Share is payable on application.
A B Infrabuild Limited's revenue increased by 49% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 156.62 | 125.24 | 103.1 | 113.44 |
| Revenue | 184.49 | 123.79 | 64.6 | 62.45 |
| Profit After Tax | 11.42 | 7.54 | 0.86 | -2.23 |
| Amount in ₹ Crore | ||||
A B Infrabuild Limited was founded in 2011 and mainly provides Road Over Bridge (ROB) and Foot Over Bridge (FOB) related services.
The company also provides services in the areas of new station infrastructure, civil and structural works, track construction, track connections, gauge conversion, and new rail lines. The company is also involved in the construction of road contracts, infrastructure and steel mill bridges.
A B Infrabuild is a contractor of PWD Maharashtra and the Municipal Corporation of Greater Mumbai. As a contractor, it has an AA rating for creating infrastructure and operating a ready-mix concrete plant.
The company's major clients include GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd, Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Mumbai Railway Vikas Corporation Ltd and Municipal Corporation of Greater Mumbai.
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in providing civil and structural work with prime focus on Railways infra and related matters. It posted growth in its top and bottom lines for the last two fiscals. Its RI was originally scheduled for June 2024, but finally it is opening in this month and the delay in the process needs clarification from the management and remains the major concern. Well-informed investors may park funds for long term. Read detail review...
A B Infrabuild Rights Issue 2024 got oversubscribed by 2.47 times by the end of the bidding period with total bid quantity received by NSE of 1,36,41,000 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 04 2024 17:00:03 | 1,36,41,000 | 2.47x |
A B Infrabuild Limited
104, 1st Floor, Shubhangan CHS Ltd.,
Jawahar Nagar Railway Station Crossing,
Goregaon West, Mumbai - 400062
Goregaon, Maharashtra, 400062
The A B Infrabuild Rights Issue 2024 opens on Tue, Sep 24, 2024, and closes on Fri, Oct 4, 2024.
A B Infrabuild Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Sep 19, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Sep 27, 2024 |
| Issue Opening Date | Tue, Sep 24, 2024 |
| Issue Closing Date | Fri, Oct 4, 2024 |
| Date of Allotment (on or about) | Thu, Oct 10, 2024 |
| Date of Credit (on or about) | Wed, Oct 16, 2024 |
| Date of Listing (on or about) | Mon, Oct 21, 2024 |
You can apply for A B Infrabuild Rights Issue 2024 in two ways:
Steps to apply for A B Infrabuild Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for A B Infrabuild Rights Issue 2024 using Registrar's website (R-WAP)
