₹48.00 Crores | Listing at BSE | Mon, Feb 26, 2024 - Thu, Mar 7, 2024
Affordable Robotic & Automation Ltd Rights Issue comprises 0.1067 Cr equity shares aggregating to ₹48.00 Cr, offered at an issue price of ₹450 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Feb 12, 2024, with the Rights Issue being offered in the entitlement ratio of 46 : 439.
The term of payment is defined as following : The entire amount of the Issue Price of ₹ 450/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 15, 2024.
The Rights Issue opens on Feb 26, 2024, and closes on Mar 7, 2024, with renunciation of Rights Entitlements permitted up to Mar 1, 2024.
The deemed date of allotment is Mar 15, 2024, following which the equity shares are expected to be credited to demat accounts on Mar 18, 2024 and listed at the BSE on Mar 22, 2024.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Affordable Robotic & Automation Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Feb 12, 2024
Entitlement Ratio
46 : 439
Open Date
Mon, Feb 26, 2024
Close Date
Thu, Mar 7, 2024
The entire amount of the Issue Price of ₹ 450/- per Rights Equity Share shall be payable at the time of Application.
Affordable Robotic & Automation Ltd's revenue increased by 40.34% and profit after tax (PAT) dropped by -8.78% 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 | 158.20 | 166.01 | 115.58 | 111.64 |
| Revenue | 42.89 | 114.00 | 81.23 | 56.28 |
| Profit After Tax | -6.79 | 2.16 | 2.37 | -3.53 |
| Net Worth | 52.67 | 59.46 | 53.26 | 45.88 |
| Reserves and Surplus | 49.28 | 43.08 | 35.70 | |
| Total Borrowing | 42.78 | 38.28 | 30.27 | 25.83 |
| Amount in ₹ Crore | ||||
Affordable Robotic & Automation Limited was founded in 2010 and programs and automates the functions of machines used in the manufacturing process of the automotive industry.
The company also provides assembly and installation of automated multi-level car parking systems for residential complexes, shopping malls, commercial buildings and the public sector, especially in smart city projects. The company also manufactures special purpose machines (SPM) according to customer requirements.
The company's product list includes one-stop parking solutions, industrial automation and warehouse automation solutions.
Affordable Robotic & Automation's assembly plant is located in Pune, Maharashtra, and covers an area of 13,646 square meters.
As of September 30, 2023, the company had 331 employees.
The company intends to utilize the proceeds from the Issue towards the funding of the following objects:
[Dilip Davda] The company came with its maiden IPO in 2018 and currently it shows good rewards for its stakeholders, but considering its financial track record that marked inconsistency in its top and bottom lines with H1 of FY24 posting big loss, it’s a risky bet. The counter is well maintained (above the RI price) by vested interest to lure investors. Though it is raising funds for investment in its material subsidiary, prima facie, it’s a “High Risk/Low Return” bet and there is no harm in skipping it. Read detail review...
Affordable Robotic & Automation Rights Issue 2024 got oversubscribed by 1.3 times by the end of the bidding period with total bid quantity received by BSE of 13,91,860 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 07 2024 17:00:00 | 13,91,860 | 1.30x |
Affordable Robotic & Automation Ltd
Gat No 1209, Village Wadaki,
Tal Haveli, Pune-Saswad Road,
Pune - 412308
Pune, Maharashtra, 412308
The Affordable Robotic & Automation Rights Issue 2024 opens on Mon, Feb 26, 2024, and closes on Thu, Mar 7, 2024.
Affordable Robotic & Automation Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Mar 6, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Mar 1, 2024 |
| Issue Opening Date | Mon, Feb 26, 2024 |
| Issue Closing Date | Thu, Mar 7, 2024 |
| Date of Allotment (on or about) | Fri, Mar 15, 2024 |
| Date of Credit (on or about) | Mon, Mar 18, 2024 |
| Date of Listing (on or about) | Fri, Mar 22, 2024 |
You can apply for Affordable Robotic & Automation Rights Issue 2024 in two ways:
Steps to apply for Affordable Robotic & Automation Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Affordable Robotic & Automation Rights Issue 2024 using Registrar's website (R-WAP)
