Affordable Robotic & Automation Rights Issue

Affordable Robotic & Automation Rights Issue will open for subscription from 26 February 2024. the company aims for an issue size of ₹48 Crores through this rights Issue.

About the company

Affordable Robotic & Automation Limited was founded in 2010 and programs and automates the functions of machines used in the manufacturing process of the automotive industry. The company also provides assembly and installation of automated multi-level car parking systems for residential complexes, shopping malls, commercial buildings, and the public sector, especially in smart city projects. The company also manufactures special purpose machines (SPM) according to customer requirements. The company’s product list includes one-stop parking solutions, industrial automation, and warehouse automation solutions.

Affordable Robotic & Automation’s assembly plant is located in Pune, Maharashtra, and covers an area of 13,646 square meters. As of September 30, 2023, the company had 331 employees.

Objectives of the Issue

  • Investment in Material Subsidiary i.e., ARAPL RaaS Private Limited for augmenting the working capital requirement; and
  • To augment the existing and incremental working capital requirement of the company.

Affordable Robotic & Automation Rights Issue Timetable

Last Date to buy shares09 February 2024
Record Date13 February 2024
Credit of Rights Entitlements
Bid/Offer Opens On26 February 2024
Renunciation of Rights Entitlements
Bid/Offer Closes On07 March 2024
Deemed Date of Allotment
Credit Date
Listing Date

Affordable Robotic & Automation Rights Issue Details

Issue OpenFebruary 26, 2024 – March 7, 2024
Security NameAffordable Robotic & Automation Ltd
Issue Size (Shares)1,066,666
Issue Size (Amount)₹48.00 Crores
Issue Price₹450 per share
Face Value₹10 per share
Listing AtBSE
Terms of Payment
Entitlement46 Rights Equity Share(s) for every 439 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax4.482.37-3.53
Reserves and Surplus42.5738.0935.70
(Amount in ₹ Crore)

Affordable Robotic & Automation Rights Issue Documents

Lead Manager(s)

  • Saffron Capital Advisors Private Limited
  • PhillipCapital India Private Limited

Affordable Robotic & Automation Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390

Company Contact Information

Affordable Robotic & Automation Ltd
Gat No 1209, Village Wadaki,
Tal Haveli, Pune-Saswad Road,
Pune – 412308

Phone: +91 7720018914

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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