A.F. Enterprises Rights Issue will open for subscription from 05 April 2023. the company aims for an issue size of ₹42.91 Crores through this rights Issue.
About the company
Incorporated in 1983, AF Enterprises Limited manufactures and sells plastic products under its registered brand name “RIDH” as well as provides IT services under the name “Aunik IT Solutions Private Limited”. The company manufactures molding base components such as industrial goggles, plastic tiles, PPE kits, plastic pallets, crates, containers, industrial crates and material handling containers, face shields, plastic dustbins, and 3-ply masks.
AF Enterprises’ manufacturing plant is located in Faridabad, Haryana at over 45000 square feet area with a production capacity of delivering 100 to 850 tons of material, which is equipped with CNC machines, milling machines, lathes, and drilling machines, among others. The company caters to industries like warehousing, logistics, engineering & capital goods, pharmaceuticals, FMCG, etc.
AF Enterprises also provides IT services and customizable software to organizations operating in pan India. Its services include:
- GIS Consulting
- GIS Development
- Map Making Services
- Society system management
- Data management and so on.
Objectives of the Issue
Rights Issue Timetable
| Last Date to buy shares | 21 March 2023 |
| Record Date | 22 March 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 05 April 2023 |
| Renunciation of Rights Entitlements | 13 April 2023 |
| Bid/Offer Closes On | 20 April 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
A.F. Enterprises Rights Issue Details
| Issue Open | Apr 5, 2023 – Apr 20, 2023 |
| Security Name | A.F. Enterprises Limited |
| Issue Size (Shares) | [.] |
| Issue Size (Amount) | ₹42.91 Crores |
| Issue Price | ₹19 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs. 19.00 per Equity Share is payable on application. |
| Entitlement |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 0.13 | 0.04 | 0.00 |
| 31-Mar-22 | 0.14 | 0.05 | 0.00 |
Rights Issue Documents
- Letter of offer
- Application form
Lead Manager(s)
Rights Issue Registrar
Company Contact Information
A.F. Enterprises Limited
DSM-334, DLF Tower Shivaji Marg,
Najafgarh Road
New Delhi-110015
Phone: +91-8744889955
Email: info.afenterprisesltd@gmail.com
Website: https://afenterprisesltd.in/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
