The Affordable Robotic & Automation date has been confirmed from February 26, 2024 – March 7, 2024.
Affordable Robotic & Automation Developers IPO is a fixed price issue of ₹48.00 Crores. The price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investo1rs is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
Feb 26-Mar 7
Issue Size
₹48.00 Crores
Face Value
₹10 per share
Record Date
February 12, 2024
Affordable Robotic & Automation IPO GMP
The Affordable Robotic & Automation Record Date is February 12, 2024.
IPO Overview
Affordable Robotic & Automation Limited was created in 2010 to programme and automate the functionality of equipment used in the automotive manufacturing process. The company also assembles and installs automated multi-level parking systems for residential complexes, shopping malls, commercial buildings, and the public sector, specialising in smart city projects. The company also manufactures special purpose machines (SPM) based on customer specifications.
The company’s offerings include one-stop parking solutions, industrial automation, and warehouse automation systems. The assembly plant of Affordable Robotic & Automation is located in Pune, Maharashtra, and it occupies 13,646 square metres. On September 30, 2023, the company had 331 employees.
Affordable Robotic & Automation Rights Issue Detail
| 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 |
Affordable Robotic & Automation Ltd Financial Information
| 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 |
| Amount in ₹ Crore | |||
Affordable Robotic & Automation IPO Timeline
| Last Date to buy shares | February 9, 2024 |
| Record Date | February 12, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | February 26, 2024 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | March 7, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company intends to utilize the proceeds from the Issue towards the funding of the following objects:
- 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.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | rights@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Affordable Robotic & Automation Ltd |
| Phone number | +91 7720018914 |
| Email ID | account@arapl.co.in |
| Website | arapl.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
