Aerpace Industries Rights Issue

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 shares13 November 2023
Record Date15 November 2023
Credit of Rights Entitlements
Bid/Offer Opens On28 November 2023
Renunciation of Rights Entitlements04 December 2023
Bid/Offer Closes On07 December 2023
Deemed Date of Allotment14 December 2023
Credit Date18 December 2023
Listing Date22 December 2023

Aerpace Industries Rights Issue Details

Issue OpenNovember 28, 2023 – December 7, 2023
Security NameAerpace 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 AtBSE
Terms of PaymentThe full amount of ₹ 1 per Unit shall be payable on the Application
Entitlement10 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax-0.640.13-0.120.06
Net Worth2.904.043.403.64
Reserves and Surplus-0.250.390.290.41
Total Borrowing1.310.240.07
(Amount in ₹ Crore)

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

Company Contact Information

Aerpace Industries Limited
A/1005 Kanakia Wall Street
Andheri Kurla Road
Andheri East, Mumbai MH 400093

Phone: 022-24034235

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

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