Aerpace Industries Rights Issue will open for subscription from 28 November 2023. the company aims for an issue size of ₹10.51 Crores through this rights Issue.
About the company
Incorporated in March 2011, Aerpace Industries Ltd trades steel and provides advisory and consulting services for the steel industry. The company invests in future technologies via partnerships and deep tech companies. The company establishes power and energy generating stations, green hydrogen generation and storage, and related infrastructure, including buildings, machinery, and equipment. It manages power plants based on solar, wind, mechanical, electrical, and hydel energy sources, and constructs civil structures for power stations, factories, engine houses, and other houses.
The company also commissions, operates, runs, leases, or transfers power plants on BOT, BOLT, and/or BOir transportation. It acquires, operates, manages, and maintains existing power generation stations. The company constructs and maintains electric installations for the production, transmission, or use of electric power, and constructs, leases, and acquires airport facilities for as, constructs, builds, and repairs roads, highways, bridges, sewers, canals, wells, dams, and other works and models their design and estimates.
Objectives of the Issue
- To invest in Aerpace Supercars Pvt Ltd. to finance its Capital Expenditure;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
Aerpace Industries Rights Issue Timetable
| Last Date to buy shares | 13 November 2023 |
| Record Date | 15 November 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 28 November 2023 |
| Renunciation of Rights Entitlements | 04 December 2023 |
| Bid/Offer Closes On | 07 December 2023 |
| Deemed Date of Allotment | 14 December 2023 |
| Credit Date | 18 December 2023 |
| Listing Date | 22 December 2023 |
Aerpace Industries Rights Issue Details
| Issue Open | November 28, 2023 – December 7, 2023 |
| Security Name | Aerpace Industries Limited |
| Issue Size (Shares) | 105,133,000 |
| Issue Size (Amount) | ₹10.51 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of ₹ 1 per Unit shall be payable on the Application |
| Entitlement | 10 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5.81 | 5.30 | 3.54 | 3.80 |
| Revenue | 0.72 | 2.04 | 0.05 | 2.44 |
| Profit After Tax | -0.64 | 0.13 | -0.12 | 0.06 |
| Net Worth | 2.90 | 4.04 | 3.40 | 3.64 |
| Reserves and Surplus | -0.25 | 0.39 | 0.29 | 0.41 |
| Total Borrowing | 1.31 | 0.24 | 0.07 |
Rights Issue Documents
- To invest in Aerpace Supercars Pvt Ltd. to finance its Capital Expenditure;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
Lead Manager(s)
Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: purvashr@gmail.com
Website: https://www.purvashare.com/queries/
Company Contact Information
Aerpace Industries Limited
A/1005 Kanakia Wall Street
Andheri Kurla Road
Andheri East, Mumbai MH 400093
Phone: 022-24034235
Email: infosupremexshine@gmail.com
Website: https://www.supremexshinesteels.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
