A B Infrabuild Rights Issue

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 Date13 May 2024
Rights Issue Record Date17 May 2024
Credit of Rights Entitlement19 September 2024
Rights Issue Opening Date24 September 2024
Last Date for Market Renunciation27 September 2024
Rights Issue Closing Date4 October 2024
Finalization of Basis of Allotment9 October 2024
Rights Allotment Date10 October 2024
Credit Date16 October 2024
Listing Date21 October 2024

A B Infrabuild Rights Issue Details

Issue OpenSeptember 24, 2024 – October 4, 2024
Security NameA 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 AtNSE
Terms of PaymentFull amount of Rs. 18 per Equity Share is payable on application.
Entitlement1 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 2021FY 2022FY 2023
Revenue61.7864.32123.09
Expenses61.7963.93115.59
Operating Margin (%)6.08.010.0
Net Income(2.23)0.867.54
ROCE (%)8.08.020.0
(Amount in ₹ Crore)

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

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