₹29.39 Crores | Listing at BSE | Mon, Apr 22, 2024 - Thu, May 16, 2024
Aa Plus Tradelink Ltd Rights Issue comprises 1.63 Cr equity shares aggregating to ₹29.39 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 Apr 5, 2024, with the Rights Issue being offered in the entitlement ratio of 2 : 1.
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 [.]
The Rights Issue opens on Apr 22, 2024, and closes on May 16, 2024, with renunciation of Rights Entitlements permitted up to May 3, 2024.
The deemed date of allotment is May 14, 2024, following which the equity shares are expected to be credited to demat accounts on May 20, 2024 and listed at the BSE on May 17, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Aa Plus Tradelink Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Apr 5, 2024
Entitlement Ratio
2 : 1
Open Date
Mon, Apr 22, 2024
Close Date
Thu, May 16, 2024
Full amount of Rs 18/- per Equity Share is payable on application.
Aa Plus Tradelink Ltd's revenue increased by 48.85% and profit after tax (PAT) rose by 10.53% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 15.44 | 19.54 | 15.45 |
| Revenue | 17.17 | 11.54 | 9.51 |
| Profit After Tax | 0.21 | 0.19 | 0.13 |
| Reserves and Surplus | 4.77 | 4.56 | 1.50 |
| Amount in ₹ Crore | |||
Founded in March 2016, AA Plus Tradelink Limited trades products made of iron & steel, aluminium, graphite, and other alloy products. The company's product portfolio includes
The company also supplies Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High Build Coating, and Epoxy Heat Resistance Coating.
The company serves corporate and other clients from the construction and manufacturing industry.
The company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] The company that came with its maiden IPO at the same price of Rs. 18 per share is faring poorly on the bourses with its last traded price of Rs. 11.93 (as of April 19, 2024). The RI is at much higher price i.e. at Rs. 18 per share against the current market price. The financial performance is not matching the asking price. Post-RI triple equity will face servicing issue. There is no harm in skipping this risky bet at exorbitant price. Read detail review...
Aa Plus Tradelink Rights Issue 2024 got oversubscribed by 1.01 times by the end of the bidding period with total bid quantity received by BSE of 1,64,96,000 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 16 2024 17:00:00 | 1,64,96,000 | 1.01x |
Aa Plus Tradelink Ltd
B-702, Divine Jalpa, Gomati Bhuvan
Near Jain Temple, Jambli Gali,
Borivali (West),-Mumbai - 400092,
Borivali, Maharashtra, 400092
Purva Sharegistry (India) Pvt.Ltd.
The Aa Plus Tradelink Rights Issue 2024 opens on Mon, Apr 22, 2024, and closes on Thu, May 16, 2024.
Aa Plus Tradelink Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, May 3, 2024 |
| Issue Opening Date | Mon, Apr 22, 2024 |
| Issue Closing Date | Thu, May 16, 2024 |
| Date of Allotment (on or about) | Tue, May 14, 2024 |
| Date of Credit (on or about) | Mon, May 20, 2024 |
| Date of Listing (on or about) | Fri, May 17, 2024 |
You can apply for Aa Plus Tradelink Rights Issue 2024 in two ways:
Steps to apply for Aa Plus Tradelink Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Aa Plus Tradelink Rights Issue 2024 using Registrar's website (R-WAP)
