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Right Issue Status: Closed [28th Nov 2023 to 7th Dec 2023]
Aerpace Industries Limited offers Right Issue size of Rs 10.51 Cr. The subscription for this Rights Issue is opening from 28 Nov to 07 Dec 2023 The company issues entitlement of 10 Rights equity shares for every fully paid-up 03 equity shares held on the record date of 15 Nov 2023. The face value of a share is Rs.1 per share and the right issue price is fixed at Rs. 1 per share.
Stay connected with us to know more about Aerpace Industries Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects.
1. To invest in Aerpace Supercars Pvt Ltd. to finance its Capital Expenditure;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
| Aerpace Industries Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 10.51 Cr Shares |
| Right Issue Issue Size (Amount) | ₹10.51 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹1 per share |
| Right Issue Record Date | 15th Nov 2023 |
| Right Issue Entitlement | 10 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Full amount of ₹ 1 per Unit shall be payable on Application |
| Listing At | BSE |
| BSE Code | 534733 |
| NSE Code |
In this section we have covered all important dates related to Aerpace Industries Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 28th Nov 2023 |
| Right Issue Issue Close Date | 7th Dec 2023 |
| Basis of Allotment Finalisation Date* | 14th Dec 2023 |
| Refunds Initiation* | 4th Dec 2023 |
| Credit of Shares to Demat Account* | 18th Dec 2023 |
| Right Issue Listing Date* | 22nd Dec 2023 |
* - Tentative Dates
Zerodha Trade@20
Aerpace Industries Limited was originally incorporated on March 04, 2011. Aerpace is a national flight system for intra-city and inter-state travel, fully developed and designed to provide an unparalleled travel experience. This idea is expected to bring about positive changes in the environment, travel time management, land utilization and resource optimization. To improve transportation in India, aerospace conducted a study on the existing model for analyzing travel demand between cities and states. The result was a combined model for road and air transport that promises to be the most convenient, economical and comfortable mode of transportation.
The promoters have experience in various industries, including software and IT, networking, real estate, wholesale and retail glass and glassware, and related consulting. A dedicated management team leads them with several years of industry experience. The company believes that its leadership team can leverage its market position and collective compliance experience and knowledge to execute its business strategies and drive future growth.
The company is committed to investing in future technologies by entering into partnership agreements and investing in companies working on technologically advanced solutions.
Past performance and financial results of Aerpace Industries .
Aerpace Industries Limited's revenue increased by 3791.24% and profit after tax (PAT) rose by 211.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5.81 | 5.30 | 3.54 | 3.80 |
| Revenue | 0.72 | 2.04 | 0.05 | 2.44 |
| Profit After Tax | -0.64 | 0.13 | -0.12 | 0.06 |
| Net Worth | 2.90 | 4.04 | 3.40 | 3.64 |
| Reserves and Surplus | -0.25 | 0.39 | 0.29 | 0.41 |
| Total Borrowing | 1.31 | 0.24 | 0.07 | |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Aerpace Industries Right Issue Offer Document (Letter of Offer) >>Document
Aerpace Industries Right Issue Offer Document (Letter of Offer) >>Aerpace Industries Right Issue Red Herring Prospectus is not yet available.
Aerpace Industries Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Aerpace Industries Right Issue Online Application (Registrar & Transfer Agent) >>Aerpace Industries Right Issue RTA information is not yet available.
Last Updated on 2023-12-10T04:32:51+00:00
