The Affordable Robotic and Automation date has been confirmed from February 26, 2024 – March 7, 2024.
The Affordable Robotic and Automation Rights Issue offers a price of ₹48.00 Crores. Shares are priced between ₹170 and ₹180. The minimum lot size for an application is 800 Shares. Retail investors are needed to deposit at least ₹144,000. HNIs can invest as little as ₹288,000 in two lots (1,600 shares).
Start your investing journey today. Find the latest information on Right Issue main page.
Key Details Of Affordable Robotic and Automation:
Bidding Dates
Feb 26-Mar 7
Issue Size
₹48.00 Crores
Face Value
₹10 per share
Record Date
February 12, 2024
Affordable Robotic and Automation GMP
The Affordable Robotic and Automation Rights Issue Record Date is February 12, 2024.
Overview
Affordable Robotic and Automation Limited was founded in 2010 to programme and automate equipment used in the automobile production process. The firm also assembles and installs automated multi-level parking systems for residential complexes, shopping malls, commercial buildings, and the public sector, focusing on innovative city projects. The firm also builds special purpose machines (SPM) to meet customer requirements.
The firm provides comprehensive parking solutions, industrial automation, and warehouse automation systems. The Affordable Robotics & Automation Rights Issue is February 12, 2024. Affordable Robotic and Automation’s assembly factory in Pune, Maharashtra, covers 13,646 square metres. On September 30, 2023, the firm employed 331 people.
Affordable Robotic and Automation Rights Issue Detail
| Issue Open | February 26, 2024 – March 7, 2024 |
| Security Name | Affordable Robotic and 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 and 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 and Automation Rights Issue 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
ABOUT COMPANY:
Affordable Robotic and Automation Ltd. ( ARAL) started the services business of furnishing turnkey robotization resulting to automotive,semi-automotive and manufacturing diligence. The Company programs and automates the functions of machines used in the manufacturing process of machine assiduity. The Assembly installation of the Company is positioned at Pune, Maharashtra, along with the Head office, covering an area of 13,646sq. measures. The assembly unit is equipped with needful software, technology, ministry, spare store and other introductory amenities for its workers, making itself an intertwined installation.
The Company is also assembling and installing an automatic multilevel auto parking system. This system is preferred by domestic complexes, shopping promenades, marketable structures and the public sector, especially in Smart City systems of colourful Smart metropolises systems in the Country. The company specialises in analysing the processes used in its manufacturing activities and attempts to create excellent automation solutions that boost productivity and customer satisfaction.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Affordable Robotic and Automation Ltd |
| Phone number | +91 7720018914 |
| Email ID | [email protected] |
| Website | arapl.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Customers from the United States are heavily relied on.
- To achieve compliance, these countries need strict adherence to many rules and regulations.
- Competition from other players in the market.
Affordable Robotic and Automation FAQs
What is the issue price for Affordable Robotic & Automation Rights Issue 2024?
Affordable Robotic & Automation Rights Issue 2024 price is set at ₹450 per share per equity share.
In what ratio is the Affordable Robotic & Automation Rights Issue 2024 offered?
The eligible shareholders are being offered 46 Rights Equity Share(s) for every 439 fully paid-up Equity Shares held on Record Date (February 12, 2024).
What is the record date for Affordable Robotic & Automation Rights Issue 2024?
The record date for the Affordable Robotic & Automation Rights Issue 2024 is February 12, 2024.
What is the issue size of Affordable Robotic & Automation Rights Issue 2024?
The issue size of Affordable Robotic & Automation Rights Issue 2024 is of 1,066,666 equity shares at ₹450 per share aggregating upto ₹48.00 Crores.
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