The Affordable Robotic Automation date has been confirmed from May 24, 2018 and ended on May 28, 2018.
Affordable Robotic Automation Developers IPO is a fixed price issue of Rs 31.17 crores. The price band is set at ₹83 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000.
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Bidding Dates
May 24-28
Price Range
₹83 to ₹85 per share
Face Value
₹10 per share
GMP
₹514.65
Affordable Robotic Automation IPO GMP
The Affordable Robotic Automation IPO GMP is ₹514.65.
IPO Overview
The Affordable Robotic Automation IPO is a Rs 31.17 crore book-built issuance. Bidding for the Affordable Robotic Automation IPO began on May 24, 2018 and finished on May 28, 2018. On June 4, 2018, the shares were listed on the BSE SME. The pricing range for the Affordable Robotic Automation IPO is established at ₹83 to ₹85 per share.
An application requires a minimum lot size of 1600 Shares. Retail investors must make a minimum investment of ₹136,000. Furthermore, in fiscal year 2017-18, the Company established a new line of business, Secondary Packaging, targeting at FMCG sectors by providing automation services in container packaging of the final packed product.
Affordable Robotic Automation IPO Details
| IPO Date | May 24, 2018 to May 28, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,667,200 shares (aggregating up to ₹31.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 136,000 shares |
Affordable Robotic Automation Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 5,390.96 | 3,239.97 | 2,285.85 | 1,670.49 | 916.22 | |
| Total Revenue | 4,039.43 | 4,709.13 | 2,595.45 | 2,423.29 | 1,727.28 | |
| Profit After Tax | 395.63 | 122.04 | 14.07 | 81.20 | 43.35 | |
Affordable Robotic Automation IPO Listing Details
| Listing Date | June 4, 2018 |
| BSE Script Code | 541402 |
| NSE Symbol | |
| ISIN | INE692Z01013 |
| Final Issue Price | ₹85 per share |
Company Profile
Affordable Robotic & Automation Limited, situated in Pune, was founded in 2010 with the goal of offering turnkey automation solutions to the automotive, semi-automotive, and manufacturing industries. The company programmes and automates the functions of machinery used in the automobile industry’s manufacturing process. The Company’s assembly factory and head office are located in Pune, Maharashtra, and encompass an area of 8,442 square metres. In addition, the company manufactures and installs automatic multilevel automobile
parking systems. Residential complexes, shopping malls, and commercial buildings prefer this method. It operates in the automated parking market in Mumbai and Pune.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | affordablerobotic.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Affordable Robotic Automation Limited |
| Phone number | +91-7720018914 |
| Email ID | info@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.
