04-Apr-2024
2 mins read
A B Infrabuild rights issue will open for subscription on Monday, April 29, 2024 and close on Monday, May 13, 2024. This issue will give eligibility to the existing shareholders to buy A B Infrabuild equity shares at discount price. The last date to buy shares is Thursday, April 4, 2024. The record date of this new issue is Friday, April 5 , 2024. The issue size is of 5,527,166 equity shares amounting to Rs 9.95 crores. The issue price is set at Rs 18 per share, and the face value is at Rs 10 per share. Presently, A B Infrabuild's share price is Rs 69.30 per share. The eligible shareholders are being offered one Rights Equity shares for every eight fully paid up equity shares held on a April 5, 2024, record date. The payment terms are decided as the full amount of Rs 18 per share is payable on application. Through this rights issue, the company plans to raise Rs 9.95 crores. The lead managers and the registrar for this issue is not yet announced.
About A B Infrabuild Limited Company Profile
A B Infrabuild Limited was incorporated in 2011, engaged in civil construction. Company mainly provides construction services to Road Over Bridge and Foot Over Bridge. A B Infrabuild provides services to the areas of new station infrastructure, civil and structural works, track construction, track connection, track connection, gauge conversion and setting up new rail lines. The company has also been involved in constructing the road and steel mill bridges. The company is a contractor of PWD Maharashtra and the Municipal Corporation of Greater Mumbai. Company’s major clients include GCC Hotel Private Limited, SkyWay Infrastructure Private Limited. Dev Engineers, Dedicated Freight Corridor Corporation of India Limited, RVNL, Municipal Corporation of Greater Mumbai.
Objectives of A B Infrabuild Limited Rights Issue
The main objective of this new rights issue is to raise funds from the existing shareholders. The company invites existing shareholders to buy company’s shares at a discounting rate. Presently, A B Infrabuild is trading at Rs 69.30 whereas the rights issue price is decided at Rs 18. This shows a huge discount as compared to the market price. Other objectives are yet to be announced.
Also Read | Muthoot Fincorp Limited NCD: More Details About the NCD
Financial Details of A B Infrabuild (Amt in Rs Crores)
A B Infrabuild posted a revenue of Rs 123.79 crores and Profit After Tax of Rs 7.54 crore for the period ending on 31 March 2023. Company’s revenue increased by 91.63% and PAT increased by 772.03% between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 125.24 | 103.1 | 113.44 |
| Revenue | 123.79 | 64.6 | 62.45 |
| Profit After Tax | 7.54 | 0.86 | -2.23 |
Important Details for A B Infrabuild Rights Issue
| Issue Open | April 29, 2024 - May 13, 2024 |
| Security Name | A B Infrabuild Limited |
| Issue Size (Shares) | 5,527,166 |
| Issue Size (Amount) | Rs 9.95 Crores |
| Issue Price | Rs 18 per share |
| Face Value | Rs 10 per share |
| Listing At | NSE |
| Terms of Payment | Full amount of Rs 18 per Equity Share is payable on application. |
| Entitlement | 1 Rights Equity Shares for every 8 fully paid-up Equity Shares held on April 5, 2024 |
Timetable of A B Infrabuild Rights Issue
| Last Date to buy shares | Thursday, April 4, 2024 |
| Record Date | Friday, April 5, 2024 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | Monday, April 29, 2024 |
| Renunciation of Rights Entitlements | Monday, May 6, 2024 |
| Bid/Offer Closes On | Monday, May 13, 2024 |
| Deemed Date of Allotment | Not yet announced |
| Credit Date | Not yet announced |
| Listing Date | Not yet announced |
How to Apply for A B Infrabuild Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the A B Infrabuild Limited Rights Issue with Bigul.
How do you check the allotment status of a B Infrabuild Rights issue?
The registrar for A B Infrabuild Limited Rights Issue has yet to be announced. Once it get announced, you can visit their website to check the allotment status.
FAQs
1. What is the A B Infrabuild Limited Rights Issue?
A B Infrabuild rights issue will open for subscription on Monday, April 29, 2024, and close on Monday, May 13, 2024. This issue will give existing shareholders eligibility to buy A B Infrabuild equity shares at a discount price. The last date to buy shares is Thursday, April 4, 2024.
2. When does the Rights Issue open and close?
This Rights Issue will open for subscription on April 29, 2024 and closes on May 13, 2024.
3. How can I apply for the A B Infrabuild Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
4. How can I check the allotment status of the A B Infrabuild Limited Issue?
The registrar for this right issue is yet to be declared. Once the registrar is announced you can check the allotment status. Stay tuned for further updates.
5. What is the objective of A B Infrabuild Limited Rights Issue?
The main objective of this new rights issue is to raise funds from the existing shareholders. The company invites existing shareholders to buy company’s shares at a discounting rate. Other objectives are not yet announced.
6. What is the record date for the A B Infrabuild Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for April 5, 2024.
7. Where will the A B Infrabuild Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
8. What is the entitlement ratio for the A B Infrabuild Limited Right Issue?
The entitlement ratio is set at one Rights equity Shares for every eight fully paid-up equity shares held on record date April 5, 2024.
Also Read | NSE to Introduce 4 New Indices For Trading with Effect from April 8