₹42.91 Crores | Listing at BSE | Wed, Apr 5, 2023 - Thu, May 4, 2023
A.F. Enterprises Limited Rights Issue comprises 2.26 Cr equity shares aggregating to ₹42.91 Cr, offered at an issue price of ₹19 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Mar 22, 2023, with the Rights Issue being offered in the entitlement ratio of 8:5.
As per the terms of payment, ₹19 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 27, 2023.
The Rights Issue opens on Apr 5, 2023 and closes on May 4, 2023.
The deemed date of allotment is Apr 28, 2023, following which the equity shares are expected to be credited to demat accounts on May 4, 2023 and listed on the BSE on May 8, 2023.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the A.F. Enterprises Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Mar 22, 2023
Entitlement Ratio
8 : 5
Open Date
Wed, Apr 5, 2023
Close Date
Thu, May 4, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 0.13 | 0.04 | 0.00 |
| 31-Mar-22 | 0.14 | 0.05 | 0.00 |
| Amount in ₹ Crore | |||
Incorporated in 1983, AF Enterprises Limited manufactures and sells plastic products under its registered brand name "RIDH" as well as provides IT services under the name "Aunik IT Solutions Private Limited".
The company manufactures moulding base components such as industrial goggles, plastic tiles, PPE kits, plastic pallets, crates, containers, industrial crates and material handling containers, face shields, plastic dustbins, and 3-ply masks.
AF Enterprises' manufacturing plant is located in Faridabad, Haryana at over 45000 square feet area with a production capacity of delivering 100 to 850 tons of material, which is equipped with CNC machines, milling machines, lathes, and drilling machines, among others.Â
The company caters to industries like warehousing, logistics, engineering & capital goods, pharmaceuticals, FMCG, etc.
AF Enterprises also provides IT services and customizable software to organizations operating in pan India.
Its services include:
Â
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects.
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has posted poor financial data so far with a surprising surge in the bottom line for 3Qs of FY23 which appears to have been window dressing for getting a fancy price for the RI. The counter is trading below the RI price, which indicates poor sentiment for the counter. Lower promoter’s holding and higher equity base post-RI may pose capital servicing issues. There is no harm in skipping this greedy offer. Read detail review...
A.F. Enterprises Limited
DSM-334, DLF Tower Shivaji Marg,
Najafgarh Road
New Delhi-110015
New Delhi, New Delhi, 110015
Skyline Financial Services Pvt.Ltd.
The A.F. Enterprises Rights Issue 2023 opens on Wed, Apr 5, 2023, and closes on Thu, May 4, 2023.
A.F. Enterprises Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Mon, Mar 27, 2023 |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 25, 2023 |
| Issue Opening Date | Wed, Apr 5, 2023 |
| Issue Closing Date | Thu, May 4, 2023 |
| Date of Allotment (on or about) | Fri, Apr 28, 2023 |
| Date of Credit (on or about) | Thu, May 4, 2023 |
| Date of Listing (on or about) | Mon, May 8, 2023 |
You can apply for A.F. Enterprises Rights Issue 2023 in two ways:
Steps to apply for A.F. Enterprises Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for A.F. Enterprises Rights Issue 2023 using Registrar's website (R-WAP)
