A.f. Enterprises Rights Issue will open for subscription from 26 August 2024. the company aims for an issue size of ₹21.17 Crores through this rights Issue.
About the company
A.f. Enterprises Rights Issue and manufactures a range of products, primarily focusing on plastic molded components under the brand name “RIDH.” The “RIDH” brand is a trademark that represents the company’s entire product line. The company operates 35 injection molding machines, ranging from 100 to 850 tonnes, capable of producing up to 3.5 kg plastic components.
In addition to the machinery, AF Enterprises has its tool room and an R&D team dedicated to new product development. The state-of-the-art facility is located in Faridabad, Haryana. The company’s product range includes RO water purifiers, industrial crates, dustbins, safety helmets, plastic containers, plastic spoons, and more. These products are used across various sectors, including agriculture, energy, construction, engineering, FMCG, safety and health, pharmaceuticals, medical, packaging, and consumer goods.
Objectives of the Issue
- To part finance working capital requirement of the company;
- Repayment of certain outstanding borrowings;
- To meet General corporate purposes; and
- To meet the expenses of the Issue.
A.f. Enterprises Rights Issue Timetable
| Rights Issue Approval Date | 9 August 2024 |
| Rights Issue Record Date | 16 August 2024 |
| Credit of Rights Entitlement | 23 August 2024 |
| Rights Issue Opening Date | 26 August 2024 |
| Last Date for Market Renunciation | 28 August 2024 |
| Rights Issue Closing Date | 3 September 2024 |
| Finalization of Basis of Allotment | 9 September 2024 |
| Rights Allotment Date | 10 September 2024 |
| Credit Date | 13 September 2024 |
| Listing Date | 19 September 2024 |
A.f. Enterprises Rights Issue Details
| Issue Open | August 26, 2024 – September 3, 2024 |
| Security Name | A.f. Enterprises Ltd |
| Issue Size (Shares) | 21,170,454 |
| Issue Size (Amount) | ₹21.17 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | 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). |
| Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 48.58 | 24.29 | 8.50 |
| Expenses | 47.80 | 28.64 | 9.29 |
| Operating Margin (%) | 1.61 | (17.91) | (9.29) |
| Net Income | 1.09 | 0.34 | (0.01) |
| ROCE (%) | 9.42 | (0.67) | (1.67) |
A.f. Enterprises Rights Issue Documents
A.f. Enterprises Rights Issue Lead Manager(s)
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone: +91-22-41204837
E-mail: navigant@navigantcorp.com
Website: www.navigantcorp.com
A.f. Enterprises Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91 011-26812682
Email: info@skylinerta.com
Website: www.skylinerta.com
Company Contact Information
A F ENTERPRISES LIMITED
Plot No. 8, Sector-5, Main Mathura Road,
Ballabgarh Faridabad, Haryana-121006
Phone: +91-7428399452
E-mail: cs@ridh.in; info.afenterprises@gmail.com
Website: www.afenterprisesltd.in
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
