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 shares | 09 February 2024 |
| Record Date | 13 February 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 26 February 2024 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | 07 March 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Affordable Robotic & Automation Rights Issue Details
| Issue Open | February 26, 2024 – March 7, 2024 |
| Security Name | Affordable 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 At | BSE |
| Terms of Payment | |
| Entitlement | 46 Rights Equity Share(s) for every 439 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 152.75 | 115.58 | 111.64 |
| Revenue | 113.37 | 81.23 | 56.28 |
| Profit After Tax | 4.48 | 2.37 | -3.53 |
| Reserves and Surplus | 42.57 | 38.09 | 35.70 |
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
Email: rights@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Affordable Robotic & Automation Ltd
Gat No 1209, Village Wadaki,
Tal Haveli, Pune-Saswad Road,
Pune – 412308
Phone: +91 7720018914
Email: account@arapl.co.in
Website: http://www.arapl.co.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
