Business Standard

Affordable Robotic & Automation Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

22.79 cr

Price Range (₹)

85

Lot Size

1600

Min Investment (₹)

1,36,000.00

Listing Exchange

BSE - SME

Open Date

24-May-2018

Close Date

28-May-2018

Listing Date

04-Jun-2018

Affordable Robotic & Automation Ltd News

    The Shares of Affordable Robotic & Automation Ltd have now been listed.

    Affordable Robotic & Automation Ltd IPO Details

    Initial public offer consisting of fresh issue of 26,81,600 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 85 per equity share (The Issue Price) (including a share premium of Rs. 75 per equity share) aggregating up to Rs. 22.79 crores (The Issue), of which 1,36,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85/- per equity share, aggregating Rs. 1.16 crores will be reserved for subscription by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. Issue of 25,45,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85/- per equity share, aggregating Rs. 21.64 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 26.34% and 25.01% respectively of the fully diluted post issue paid up equity share capital of the company.The Face value of the equity share is Rs. 10 each.The issue price is Rs.85 and is 8.5 times tha face value of the equity shares.

    Objective of issue

    Purchase of New Plant and Machinery. Funding the working capital requirements of the company. Repayment of certain long term borrowings availed by the company. General corporate purposes.

    Affordable Robotic & Automation Ltd Contact Details

    Affordable Robotic & Automation Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@arapl.co.in

    Website - www.arapl.co.in