₹10.51 Crores | Listing at BSE | Tue, Nov 28, 2023 - Thu, Dec 7, 2023
Aerpace Industries Limited Rights Issue comprises 10.51 Cr equity shares aggregating to ₹10.51 Cr, offered at an issue price of ₹1 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Nov 15, 2023, with the Rights Issue being offered in the entitlement ratio of 10 : 3.
The term of payment is defined as following : Full amount of ₹ 1 per Unit shall be payable on Application
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Nov 28, 2023, and closes on Dec 7, 2023, with renunciation of Rights Entitlements permitted up to Dec 4, 2023.
The deemed date of allotment is Dec 14, 2023, following which the equity shares are expected to be credited to demat accounts on Dec 18, 2023 and listed at the BSE on Dec 22, 2023.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Aerpace Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Nov 15, 2023
Entitlement Ratio
10 : 3
Open Date
Tue, Nov 28, 2023
Close Date
Thu, Dec 7, 2023
Full amount of ₹ 1 per Unit shall be payable on Application
Aerpace Industries Limited's revenue increased by 3791.24% and profit after tax (PAT) rose by 211.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5.81 | 5.30 | 3.54 | 3.80 |
| Revenue | 0.72 | 2.04 | 0.05 | 2.44 |
| Profit After Tax | -0.64 | 0.13 | -0.12 | 0.06 |
| Net Worth | 2.90 | 4.04 | 3.40 | 3.64 |
| Reserves and Surplus | -0.25 | 0.39 | 0.29 | 0.41 |
| Total Borrowing | 1.31 | 0.24 | 0.07 | |
| Amount in ₹ Crore | ||||
Incorprated in March 2011, Aerpace Industries Ltd trades steel and provides advisory and consulting services for the steel industry. The company invests in future technologies via partnerships and deep tech companies.
The company establishes power and energy generating stations, green hydrogen generation and storage, and related infrastructure, including buildings, machinery, and equipment. It manages power plants based on solar, wind, mechanical, electrical, and hydel energy sources, and constructs civil structures for power stations, factories, engine houses, and other houses. The company also commissions, operates, runs, leases, or transfers power plants on BOT, BOLT, and/or BOir transportation. It acquires, operates, manages, and maintains existing power generation stations. The company constructs and maintains electric installations for the production, transmission, or use of electric power, and constructs, leases, and acquires airport facilities for as, constructs, builds, and repairs roads, highways, bridges, sewers, canals, wells, dams, and other works and models their design and estimates.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects.
1. To invest in Aerpace Supercars Pvt Ltd. to finance its Capital Expenditure;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
[Dilip Davda] The counter is currently under ESM Stage 2 and is well managed above the RI price to lure investors. It has posted listless performance so far with a higher loss for H1 of FY24. The scrip was inflated under the pre-text of EV cars in which it intends to enter. Based on its negative P/E and NAV, There is no harm in skipping this at par RI. Read detail review...
Aerpace Industries Rights Issue 2023 got oversubscribed by 3.1 times by the end of the bidding period with total bid quantity received by BSE of 32,59,55,539 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 07 2023 17:00:00 | 32,59,55,539 | 3.10x |
Aerpace Industries Limited
A/1005 Kanakia Wall Street
Andheri Kurla Road
Andheri East, Mumbai MH 400093
Andheri, Maharashtra, 400093
The Aerpace Industries Rights Issue 2023 opens on Tue, Nov 28, 2023, and closes on Thu, Dec 7, 2023.
Aerpace Industries Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Dec 4, 2023 |
| Issue Opening Date | Tue, Nov 28, 2023 |
| Issue Closing Date | Thu, Dec 7, 2023 |
| Date of Allotment (on or about) | Thu, Dec 14, 2023 |
| Date of Credit (on or about) | Mon, Dec 18, 2023 |
| Date of Listing (on or about) | Fri, Dec 22, 2023 |
You can apply for Aerpace Industries Rights Issue 2023 in two ways:
Steps to apply for Aerpace Industries Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Aerpace Industries Rights Issue 2023 using Registrar's website (R-WAP)
