A B Infrabuild Rights Issue will open for subscription from 24 September 2024. the company aims for an issue size of ₹9.95 Crores through this rights Issue.
About the company
Established in 2011, A B Infrabuild provides Road Over Bridge (ROB) and Foot Over Bridge (FOB) services. The company also offers services in new station infrastructure, civil and structural works, track construction, track connections, gauge conversion, and new rail lines. Additionally, A B Infrabuild is engaged in the construction of road contracts, infrastructure, and steel mill bridges. The company is registered as a Grade “AA” contractor with the Municipal Corporation of Greater Mumbai and as a Class 1(A) Contractor with the Public Works Department, Maharashtra.
The company’s major clients include Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd, GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, North Central Railway, Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Central Organisation for Railway Electrification, Mumbai Railway Vikas Corporation Ltd, and Municipal Corporation of Greater Mumbai.
Objectives of the Issue
- To part finance Working Capital;
- To meet General corporate purposes; and
- To meet the expenses of the Issue.
- A B Infrabuild Rights Issue 2
A B Infrabuild Rights Issue Timetable
| Rights Issue Approval Date | 13 May 2024 |
| Rights Issue Record Date | 17 May 2024 |
| Credit of Rights Entitlement | 19 September 2024 |
| Rights Issue Opening Date | 24 September 2024 |
| Last Date for Market Renunciation | 27 September 2024 |
| Rights Issue Closing Date | 4 October 2024 |
| Finalization of Basis of Allotment | 9 October 2024 |
| Rights Allotment Date | 10 October 2024 |
| Credit Date | 16 October 2024 |
| Listing Date | 21 October 2024 |
A B Infrabuild Rights Issue Details
| Issue Open | September 24, 2024 – October 4, 2024 |
| Security Name | A B Infrabuild Limited |
| Issue Size (Shares) | 5,527,166 |
| Issue Size (Amount) | ₹9.95 Crores |
| Issue Price | ₹18 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | Full amount of Rs. 18 per Equity Share is payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
A B Infrabuild Rights Issue Calculation
| A B Infrabuild Rights Issue Price | ₹ 18 per share |
| Market Price on Rights Issue Approval | ₹ 53.90 per share |
| Dilution Factor (X) | 1.13 |
| Fair Value After Dilution at Prevailing Price | ₹ 49.91 per share |
A B Infrabuild Company Financials
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 61.78 | 64.32 | 123.09 |
| Expenses | 61.79 | 63.93 | 115.59 |
| Operating Margin (%) | 6.0 | 8.0 | 10.0 |
| Net Income | (2.23) | 0.86 | 7.54 |
| ROCE (%) | 8.0 | 8.0 | 20.0 |
A B Infrabuild Rights Issue Documents
Lead Manager(s)
A B Infrabuild Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Company Contact Information
A B INFRABUILD LIMITED
104, 1st Floor, Shubhangan CHS Ltd.,
Jawahar Nagar Railway Station Crossing,
Goregaon West, Mumbai – 400062
Phone: 28712114
Email: accounts@abinfrabuild.com
Website: www.abinfrabuild.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
