Affordable Robotic & Automation Ltd Right Issue

₹48.00 Cr BSE 26 Feb 2024 – 7 Mar 2024

Closed Ratio: 46 : 439 BSE
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Issue Price
₹450.00
Face Value
₹10.00
Issue Size (Shares)
1,066,666
Issue Size (₹ Cr.)
₹48.00
📅 Right Issue Timetable
Last Date to Buy SharesFri, Feb 9, 2024
Record DateMon, Feb 12, 2024
Credit of Rights EntitlementsWed, Mar 6, 2024
Bid/Offer Opens OnMon, Feb 26, 2024
Issue Open DateMon, Feb 26, 2024
Renunciation Last DateFri, Mar 1, 2024
Bid/Offer Closes OnThu, Mar 7, 2024
Issue Close DateThu, Mar 7, 2024
Deemed Date of AllotmentFri, Mar 15, 2024
Credit DateMon, Mar 18, 2024
Listing DateFri, Mar 22, 2024
📋 Right Issue Details
Issue Size (Shares)1,066,666
Issue Size (Amount)₹48.00 Cr.
Issue Price₹450.00 per share
Face Value₹10.00 per share
Entitlement Ratio46 : 439
Listing AtBSE
Terms of PaymentThe entire amount of the Issue Price of ₹ 450/- per Rights Equity Share shall be payable at the time of Application.
📊 Company Financials (Restated)
Period Ended2023-09-302023-03-312022-03-31
Income42.89114.0081.23
EBITDA
Net Worth52.6759.4653.26
Reserves & Surplus49.2843.08

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Investment in Material Subsidiary i.e., ARAPL RaaS Private Limited for augmenting the working capital requirement; and
2To augment the existing and incremental working capital requirement of the company.
🏢 About the Company
Affordable Robotic & Automation Limited was founded in 2010 and programs and automates the functions of machines used in the manufacturing process of the automotive industry.

The company also provides assembly and installation of automated multi-level car parking systems for residential complexes, shopping malls, commercial buildings and the public sector, especially in smart city projects. The company also manufactures special purpose machines (SPM) according to customer requirements.

The company's product list includes one-stop parking solutions, industrial automation and warehouse automation solutions.

Affordable Robotic & Automation's assembly plant is located in Pune, Maharashtra, and covers an area of 13,646 square meters.

As of September 30, 2023, the company had 331 employees.
📞 Company Contact
CompanyAffordable Robotic & Automation Ltd
AddressGat No 1209, Village Wadaki,
Tal Haveli, Pune-Saswad Road,
Pune - 412308
Pune, Maharashtra, 412308
Phone+91 7720018914
Emailaccount@arapl.co.in
WebsiteVisit ↗
📝 Registrar
NameCameo Corporate Services Ltd
Phone044-28460390/28460391/28460392
Emailrights@cameoindia.com
WebsiteVisit ↗