AF Enterprises Limited, founded in 1983, manufactures and sells plastic products under the registered brand name “RIDH” and offers IT services under the name “Aunik IT Solutions Private Limited.”
The company produces moulding base components such as industrial goggles, plastic tiles, PPE kits, plastic pallets, crates, containers, industrial crates and material handling containers, face shields, plastic dustbins, and 3-ply masks. The manufacturing plant of AF Enterprises is located in Faridabad, Haryana, and extends over 45000 square feet. It has a production capacity of 100 to 850 tonnes of material and is equipped with CNC machines, milling machines, lathes, and drilling machines, among other things. The company serves industries such as warehousing, logistics, engineering
and capital goods, pharmaceuticals, FMCG, and furthermore. AF Enterprises also provides IT services and customizable software to organizations operating in pan India. Its services include:
- GIS Consulting
- GIS Development
- Map Making Services
- Society system management
- Data management and so on.
Objects of the Issue:
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects.
- To part finance the requirement of Working Capital;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
A.F. Enterprises Rights Issue 2023 Detail
| Issue Open | Apr 5, 2023 – May 4, 2023 |
| Security Name | A.F. Enterprises Limited |
| Issue Size (Shares) | 22,581,817 |
| Issue Size (Amount) | ₹42.91 Crores |
| Issue Price | ₹19 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs. 19.00 per Equity Share is payable on application. |
| Entitlement | 8 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
A.F. Enterprises Rights Issue 2023 Issue Timetable
| Last Date to buy shares | Mar 21, 2023 |
| Record Date | Mar 22, 2023 |
| Credit of Rights Entitlements | Mar 27, 2023 |
| Bid/Offer Opens On | Apr 5, 2023 |
| Renunciation of Rights Entitlements | Apr 25, 2023 |
| Bid/Offer Closes On | May 4, 2023 |
| Deemed Date of Allotment | Apr 28, 2023 |
| Credit Date | May 4, 2023 |
| Listing Date | May 8, 2023 |
A.F. Enterprises Limited Financial Information (Restated Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 0.13 | 0.04 | 0.00 |
| 31-Mar-22 | 0.14 | 0.05 | 0.00 |
Company Contact Information
A.F. Enterprises Limited
DSM-334, DLF Tower Shivaji Marg,
Najafgarh Road
New Delhi-110015
Phone: +91-8744889955
Email: [email protected]
Website: https://afenterprisesltd.in
A.F. Enterprises Rights Issue 2023 Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com
A.F. Enterprises Rights Issue 2023 FAQs
Q1. When is A.F. Enterprises Rights Issue 2023 coming?
Ans. The A.F. Enterprises Rights Issue 2023 opens on Apr 5, 2023, and closes on May 4, 2023.
Q2. What is the schedule for A.F. Enterprises Rights Issue 2023?
Ans. A.F. Enterprises Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Mar 27, 2023 Last Date for renunciation of Rights Entitlements Apr 25, 2023 Issue Opening Date Apr 5, 2023 Issue Closing Date May 4, 2023 Date of Allotment (on or about) Apr 28, 2023 Date of Credit (on or about) May 4, 2023 Date of Listing (on or about) May 8, 2023
Q3. What is the issue price for A.F. Enterprises Rights Issue 2023?
Ans. A.F. Enterprises Rights Issue 2023 price is set at ₹19 per share per equity share.
Q4. In what ratio is the A.F. Enterprises Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 8 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (Mar 22, 2023).
Q5. What is the record date for A.F. Enterprises Rights Issue 2023?
Ans. The record date for the A.F. Enterprises Rights Issue 2023 is Mar 22, 2023.
Q6. What is the issue size of A.F. Enterprises Rights Issue 2023?
Ans. The issue size of A.F. Enterprises Rights Issue 2023 is of 22,581,817 equity shares at ₹19 per share aggregating upto ₹42.91 Crores.
Q7. How to apply for A.F. Enterprises Rights Issue 2023?
Ans. You can apply for A.F. Enterprises Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for A.F. Enterprises Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the A.F. Enterprises Rights Issue 2023 available on the list.
- Click the Apply button next to the A.F. Enterprises Rights Issue 2023.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for A.F. Enterprises Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select A.F. Enterprises Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
