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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.
| Issue Open | February 26, 2024 - March 7, 2024 |
| Security Name | Affordable Robotic & Automation Ltd |
| Issue Size (Shares) | 1,066,666 |
| Issue Size (Amount) | ₹48.00 Crores |
| Issue Price | ₹450 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of the Issue Price of ₹ 450/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 46 Rights Equity Share(s) for every 439 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | February 9, 2024 |
| Record Date | February 12, 2024 |
| Credit of Rights Entitlements | March 6, 2024 |
| Bid/Offer Opens On | February 26, 2024 |
| Renunciation of Rights Entitlements | March 1, 2024 |
| Bid/Offer Closes On | March 7, 2024 |
| Deemed Date of Allotment | March 15, 2024 |
| Credit Date | March 18, 2024 |
| Listing Date | March 22, 2024 |
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 | ||||
The company intends to utilize the proceeds from the Issue towards the funding of the following objects:
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 1,391,860 shares.
2 5.0 Rating:  Vote Here ... |
Affordable Robotic & Automation Ltd
Gat No 1209, Village Wadaki,
Tal Haveli, Pune-Saswad Road,
Pune - 412308
Phone: +91 7720018914
Email: account@arapl.co.in
Website: http://www.arapl.co.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: rights@cameoindia.com
Website: https://ipo.cameoindia.com/
The Affordable Robotic & Automation Rights Issue 2024 opens on February 26, 2024, and closes on March 7, 2024.
Affordable Robotic & Automation Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | March 6, 2024 |
| Last Date for renunciation of Rights Entitlements | March 1, 2024 |
| Issue Opening Date | February 26, 2024 |
| Issue Closing Date | March 7, 2024 |
| Date of Allotment (on or about) | March 15, 2024 |
| Date of Credit (on or about) | March 18, 2024 |
| Date of Listing (on or about) | March 22, 2024 |
Affordable Robotic & Automation Rights Issue 2024 price is set at ₹450 per share per equity share.
The eligible shareholders are being offered 46 Rights Equity Share(s) for every 439 fully paid-up Equity Shares held on Record Date (February 12, 2024).
The record date for the Affordable Robotic & Automation Rights Issue 2024 is February 12, 2024.
The issue size of Affordable Robotic & Automation Rights Issue 2024 is of 1,066,666 equity shares at ₹450 per share aggregating upto ₹48.00 Crores.
The Letter of Offer for Affordable Robotic & Automation Rights Issue 2024 can be download here.
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)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Affordable Robotic & Automation Rights Issue 2024 using Registrar's website (R-WAP)
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