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Right Issue Status: Closed [26th Feb 2024 to 7th Mar 2024]
Affordable Robotic & Automation Limited offers Right Issue size of Rs 48.00 Cr. The subscription for this Rights Issue is opening from 26 Feb 2024 to 07 Mar 2024. The company issues entitlement of 46 Rights equity shares for every fully paid-up 439 equity shares held on the record date of 12 Feb 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 450 per share.
Stay connected with us to more about Affordable Robotic & Automation Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company intends to utilize the proceeds from the Issue towards the funding of the following objects:
| Affordable Robotic & Automation Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.11 Cr Shares |
| Right Issue Issue Size (Amount) | ₹48.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹450 per share |
| Right Issue Record Date | 12th Feb 2024 |
| Right Issue Entitlement | 46 Rights Equity Share(s) for every 439 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The entire amount of the Issue Price of ₹ 450/- per Rights Equity Share shall be payable at the time of Application. |
| Listing At | BSE |
| BSE Code | 541402 |
| NSE Code |
In this section we have covered all important dates related to Affordable Robotic & Automation 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 | 26th Feb 2024 |
| Right Issue Issue Close Date | 7th Mar 2024 |
| Basis of Allotment Finalisation Date* | 15th Mar 2024 |
| Refunds Initiation* | 1st Mar 2024 |
| Credit of Shares to Demat Account* | 18th Mar 2024 |
| Right Issue Listing Date* | 22nd Mar 2024 |
* - Tentative Dates
Zerodha Trade@20
Affordable Robotic & Automation Limited was founded in 2010 and provides turnkey automation solutions for the automotive, semi-automotive and manufacturing industries. The company programs and automates the functions of machines used in the manufacturing process of the automotive industry. The assembly unit is equipped with the necessary software, technology, machinery, a spare parts warehouse and other basic amenities for employees, making it an integrated facility. The company is also active in the field of assembly and installation of automatic parking systems for multi-storey vehicles. This system is preferred by residential complexes, shopping malls, commercial buildings and the public sector, especially in various smart city projects in the country.
The trained and professional experts are engaged in engineering and design, control and automation, process study, robot application, robot simulation, offline programming, ergonomics study, layout presentation, assembly, material handling design, large-scale storage system design, project management, quality and certification, finance and procurement, human resources and administration, spare parts and service support, and training, among others.
Past performance and financial results of Affordable Robotic & Automation .
Affordable Robotic & Automation Ltd's revenue increased by 40.34% and profit after tax (PAT) dropped by -8.78% 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 | 158.20 | 166.01 | 115.58 | 111.64 |
| Revenue | 42.89 | 114.00 | 81.23 | 56.28 |
| Profit After Tax | -6.79 | 2.16 | 2.37 | -3.53 |
| Net Worth | 52.67 | 59.46 | 53.26 | 45.88 |
| Reserves and Surplus | 49.28 | 43.08 | 35.70 | |
| Total Borrowing | 42.78 | 38.28 | 30.27 | 25.83 |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Affordable Robotic & Automation Right Issue Offer Document (Letter of Offer) >>Document
Affordable Robotic & Automation Right Issue Offer Document (Letter of Offer) >>Affordable Robotic & Automation Right Issue Red Herring Prospectus is not yet available.
Affordable Robotic & Automation Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Affordable Robotic & Automation Right Issue Online Application (Registrar & Transfer Agent) >>Affordable Robotic & Automation Right Issue RTA information is not yet available.
Last Updated on 2024-03-10T05:33:12+00:00
