08-Feb-2024
2 mins read
Affordable Robotic & Automation Limited is coming up with its right issue which will open on Monday, February 26, 2024 and closes on Thursday, March 7, 2024. However, the record date is set at Monday, February 12, 2024. The issue size is of 10,66,666 equity shares and price is set at Rs 450 per share and face value is at Rs 10 per share. The eligible shareholders are being offered 46 Rights Equity shares for every 439 fully paid up equity shares held on a record date. Through this issue the company is planning to raise Rs 48.00 crores. The lead managers for the Affordable Robotic & Automation Rights issue are Saffron Capital Advisors Private Limited and Phillip Capital India Private Limited. The registrar for this issue is Cameo Corporate Services Limited.
About Affordable Robotic & Automation Limited
Affordable Robotic & Automation Limited is a Pune based company and was founded in 2010. The company provides turnkey automation solutions to automotive and semi-automotive companies. They have a head office and assembly facility in Pune, India. They assemble and install multi-level car parking systems in residential complexes, shopping malls and commercial buildings. They also diversified in automation in container packaging for FMCGs. Company’s product list includes one stop parking solutions, industrial automation and warehouse automation solutions. As of September 2023, the company had 331 employees.
Financials of Affordable Robotic & Automation (Amt in Rs Crores)
Company reported a revenue of Rs 42.89 crores and net loss of Rs -6.79 crores for the period ending on september 30, 2023. The revenue increased by 40.34%. But net profit declined by -8.78% between FY ending on March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 158.2 | 166.01 | 115.58 | 111.64 |
| Revenue | 42.89 | 114 | 81.23 | 56.28 |
| Profit After Tax | -6.79 | 2.16 | 2.37 | -3.53 |
| Net Worth | 52.67 | 59.46 | 53.26 | 45.88 |
| Reserve & Surplus | 49.28 | 43.08 | 35.7 | |
| Total Borrowing | 42.78 | 38.28 | 30.27 | 25.83 |
Important Dates for Affordable Robotic & Automation Limited Rights Issue
| Issue Open | February 26, 2024 – March 7, 2024 |
| Security Name | Affordable Robotic & Automation Limited |
| Issue Size (Shares) | 1,066,666 |
| Issue Size (Amount) | Rs 48 Crores |
| Issue Price | Rs 450 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the Issue Price of Rs 450 per Rights Equity Share shall be payable at the time of Application |
| Entitlement | 46 Rights Equity Share(s) for every 439 fully paid-up Equity Shares held on Record Date |
Timetable of Affordable Robotic & Automation Limited Rights Issue
| Last Date to buy shares | 9-Feb-24 |
| Record Date | 12-Feb-24 |
| Credit of Rights Entitlements | 6-Mar-24 |
| Bid/Offer Opens On | 26-Feb-24 |
| Renunciation of Rights Entitlements | 1-Mar-24 |
| Bid/Offer Closes On | 7-Mar-24 |
| Deemed Date of Allotment | 15-Mar-24 |
| Credit Date | 18-Mar-24 |
| Listing Date | 22-Mar-24 |
The net proceeds from the Rights issue will be utilized in the Investment in the Material Subsidiary. Moreover, the working capital requirements will also be met. Affordable Robotic & Automation giving priority to their existing shareholders to participate in their growth.
How to Apply for an Affordable Robotic & Automation Limited Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Affordable Robotic & Automation Limited Rights Issue with Bigul.
How to Check Allotment Status of Affordable Robotic & Automation Limited Rights Issue?
The registrar for Affordable Robotic & Automation Limited Rights Issue might be Cameo Corporate Services Private Limited. Click here to check the status.
FAQs
- What is the Affordable Robotic & Automation Limited Rights Issue?
Affordable Robotic & Automation Limited is coming up with its right issue which will open on Monday, February 26, 2024 and closes on Thursday, March 7, 2024. However, the record date is set at Monday, February 12, 2024. The issue size is of 10,66,666 equity shares and price is set at Rs 450 per share and face value is at Rs 10 per share.
- When does the Rights Issue open and close?
The Rights Issue opens for subscription on February 26, 2024 and closes on March 7, 2024.
- How can I apply for the Affordable Robotic & Automation Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just visit here to apply with Bigul.
- How can I check the allotment status of the Affordable Robotic & Automation Limited Issue?
The registrar for this right issue is Cameo Corporate Services Limited. You can check the allotment by visiting their website.
- What is the objective of the Affordable Robotic & Automation Limited Rights Issue?
The net proceeds from the Rights issue will be utilized in the Investment in the Material Subsidiary. Moreover, the working capital requirements will also be met. Affordable Robotic & Automation giving priority to their existing shareholders to participate in their growth.
- What is the record date for the Affordable Robotic & Automation Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for February 12, 2024.
- Where will the Affordable Robotic & Automation Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
- What is the entitlement ratio for the Affordable Robotic & Automation Limited Right Issue?
The entitlement ratio is set at 46 Rights Equity Shares for every 439 fully paid-up Equity Shares held on record date February 12, 2024.