₹21.17 Crores | Listing at BSE | Mon, Aug 26, 2024 - Tue, Sep 3, 2024
A.f. Enterprises Ltd Rights Issue comprises 2.12 Cr equity shares aggregating to ₹21.17 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Aug 16, 2024, with the Rights Issue being offered in the entitlement ratio of 3 : 2.
The term of payment is defined as following : Issue Price of Rs.10 per Equity Share is payable as Rs.2.50 on Application and Rs.7.50 on One or more subsequent Call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 10, 2024.
The Rights Issue opens on Aug 26, 2024, and closes on Sep 3, 2024, with renunciation of Rights Entitlements permitted up to Aug 28, 2024.
The deemed date of allotment is Sep 10, 2024, following which the equity shares are expected to be credited to demat accounts on Sep 13, 2024 and listed at the BSE on Sep 19, 2024.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the A.f. Enterprises Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Aug 16, 2024
Entitlement Ratio
3 : 2
Open Date
Mon, Aug 26, 2024
Close Date
Tue, Sep 3, 2024
Issue Price of Rs.10 per Equity Share is payable as Rs.2.50 on Application and Rs.7.50 on One or more subsequent Call(s).
A.f. Enterprises Ltd's revenue decreased by -68% and profit after tax (PAT) dropped by -202% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 134.68 | 152.64 |
| Revenue | 9.51 | 29.71 |
| Profit After Tax | -0.35 | 0.34 |
| Amount in ₹ Crore | ||
Established in 1983, A.F. Enterprises Ltd, formerly known as A F Investment Private Limited, is engaged in the trading and manufacturing of plastic molded components under the brand name "RIDH".
The company has 35 injection moulding machines ranging from 100 to 850 tonnes and can manufacture plastic molded components up to 3.5 kg. In addition to the machines, the company also has its own toll room and an R&D team for the development of new products. The company's manufacturing facility is located in Faridabad, Haryana.
The company's product range includes RO water purifiers, industrial crates, dustbins, safety helmets, plastic containers, plastic spoons etc. The product range finds application in agriculture, energy, construction, engineering, FMCG, safety and health, pharmaceutical, medical, packaging and consumer goods.
The company is ISO-certified according to ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems and ISO 45001:2018 for occupational health and safety management systems.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
[Dilip Davda] Though this RI is at par, considering dismal financial performance so far, quantum jump in post-RI equity capital, it’s a “High Risk/Low Return” bet. It is operating in a highly competitive and fragmented segment. The counter is well managed by vested interests’ parties above par value to lure stakeholders. They may ignore this risky bet. Read detail review...
A.f. Enterprises Rights Issue 2024 got oversubscribed by 2.05 times by the end of the bidding period with total bid quantity received by BSE of 4,33,74,532 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Sep 03 2024 17:00:00 | 4,33,74,532 | 2.05x |
A.f. Enterprises Ltd
15/18 Basement B Portion,
West Patel Nagar,
Central Delhi, New Delhi - 110008
Central Delhi, New Delhi, 110008
Skyline Financial Services Pvt.Ltd.
The A.f. Enterprises Rights Issue 2024 opens on Mon, Aug 26, 2024, and closes on Tue, Sep 3, 2024.
A.f. Enterprises Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Aug 23, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Aug 28, 2024 |
| Issue Opening Date | Mon, Aug 26, 2024 |
| Issue Closing Date | Tue, Sep 3, 2024 |
| Date of Allotment (on or about) | Tue, Sep 10, 2024 |
| Date of Credit (on or about) | Fri, Sep 13, 2024 |
| Date of Listing (on or about) | Thu, Sep 19, 2024 |
You can apply for A.f. Enterprises Rights Issue 2024 in two ways:
Steps to apply for A.f. Enterprises Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for A.f. Enterprises Rights Issue 2024 using Registrar's website (R-WAP)
