16-Nov-2023
2 mins read
Aerpace Industries Limited has announced an upcoming Rights Issue, scheduled to commence on 28th November 2023 and conclude on 7th December 2023. The total value of the issue is pegged at Rs 10.51 Crores. Each share in this issue is priced at Re 1, which is also its face value. Following the closure of the issue, the shares will be listed on the Bombay Stock Exchange (BSE).
Aerpace Industries Limited Product Portfolio
Founded in March 2011, Aerpace Industries Ltd is engaged in the steel trade and offers advisory and consulting services to the steel sector. The firm actively invests in emerging technologies through collaborations and partnerships with deep tech companies.
Aerpace Industries Ltd is actively engaged in establishing facilities for generating power and energy, with a focus on the production and storage of green hydrogen. This includes setting up essential infrastructure such as buildings, machinery, and equipment. Aerpace Industries Ltd possesses specialized skills in managing power plants that harness diverse energy sources including solar, wind, mechanical, electrical, and hydroelectric power. Moreover, the company plays a significant role in the construction of essential civil infrastructure required for the functioning of power stations, production plants, engine rooms, and other related facilities.
The company’s operations also include commissioning, running, leasing, or transferring power plants under various models like BOT (Build-Operate-Transfer), BOLT (Build-Operate-Lease-Transfer), and BOir transportation. It is involved in acquiring, operating, managing, and maintaining existing power generation stations.
Additionally, Aerpace Industries Ltd is responsible for building and maintaining electrical systems for the generation, transmission, or use of electric power. The company also engages in constructing, leasing, and acquiring facilities at airports. Furthermore, it is involved in the construction, upkeep, and repair of various infrastructure projects, such as roads, highways, bridges, sewers, canals, wells, and dams, along with handling the design and cost estimation for these projects.
Objectives of Aerpace Industries Limited Rights Issue
Aerpace Industries Ltd plans to allocate the net proceeds raised from the Rights Issue for several key objectives. Firstly, a portion of the funds will be invested in Aerpace Supercars Pvt Ltd to support its capital expenditure needs. Secondly, the company intends to use some funds for general corporate purposes. Lastly, a part of the proceeds will also be allocated to cover the expenses associated with the Rights Issue itself.
Financial Performance of Aerpace Industries Limited Rights Issue (In Crore)
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 5.33 | 3.54 | 3.8 |
| Revenue | 2.04 | 0.05 | 2.44 |
| Profit After Tax | 0.13 | -0.12 | 0.06 |
| Net Worth | 4.04 | 3.4 | 3.64 |
| Reserves and Surplus | 0.42 | 0.29 | 0.41 |
| Total Borrowing | 0.24 | 0.07 |
Important Dates for Aerpace Industries Limited Rights Issue
| Issue Open | November 28, 2023 – December 7, 2023 |
| Security Name | Aerpace Industries Limited |
| Issue Size (Shares) | 105,133,000 |
| Issue Size (Amount) | Rs 10.51 Crores |
| Issue Price | Re 1 per share |
| Face Value | Re 1 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Re 1 per Unit shall be payable on Application |
| Entitlement | 10 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
Timetable for Aerpace Industries Limited Rights Issue
| Last Date to buy shares | 13-Nov-23 |
| Record Date | 15-Nov-23 |
| Bid/Offer Opens On | 28-Nov-23 |
| Renunciation of Rights Entitlements | 4-Dec-23 |
| Bid/Offer Closes On | 7-Dec-23 |
| Deemed Date of Allotment | 14-Dec-23 |
| Credit Date | 18-Dec-23 |
| Listing Date | 22-Dec-23 |
Lead Managers for Aerpace Industries Limited Rights Issue
The lead manager for Aerpace Industries Limited Rights Issue is yet to be announced.
How to Apply for Aerpace Industries Limited Rights Issue
Wait for the public issue to open for subscription, then click on this link to apply for the Aerpace Industries Limited Rights Issue with Bigul https://www.bonanzaonline.com/
How to Check the Allotment Status of Aerpace Industries Limited Rights Issue
The registrar for Aerpace Industries Limited Rights Issue is Purva Sharegistry India Pvt Ltd. Click on https://www.purvashare.com/queries/ to apply.
FAQs
- What is the Aerpace Industries Limited Rights Issue?
The Aerpace Industries Limited Rights Issue is a financial event where the company offers new shares to its existing shareholders. It is scheduled to open on November 28, 2023, and close on December 7, 2023. The issue aims to raise Rs 10.51 Crores by offering shares at Re 1 each, which is also the face value.
- What are the objectives of this Rights Issue?
The net proceeds from this issue will be used to invest in Aerpace Supercars Pvt Ltd for capital expenditure, cover general corporate expenses, and pay for the expenses associated with the Rights Issue itself.
- How can I apply for this Rights Issue?
Wait for the public issue to open for subscription, then click on this link to apply for the Aerpace Industries Limited Rights Issue with Bigul https://www.bonanzaonline.com/
- What is the last date to buy shares to be eligible for the Rights Issue?
The last date to purchase shares to be eligible for the Rights Issue is November 13, 2023.
- When is the Record Date for the Rights Issue?
The Record Date for determining eligible shareholders for the Rights Issue is set for November 15, 2023.
- How can I check the allotment status of this issue?
The registrar for Aerpace Industries Limited Rights Issue is Purva Sharegistry India Pvt Ltd. Click on https://www.purvashare.com/queries/ to apply.
- Who are the lead managers for this Rights Issue?
The lead manager for the Rights Issue is yet to be announced.
- What is the entitlement ratio for this issue?
The entitlement ratio for the Aerpace Industries Limited Rights Issue is 10 Rights Equity Shares for every 3 fully paid-up Equity Shares held on the Record Date.