Issue Price
₹85
Per Share
GMP
NIL
Grey Market
Est. Listing
₹85
Expected Price
Min. Application
₹272,000
2 lots × 1600 shares
Incorporated in 2010, Pune based Affordable Robotic & Automation Limited is a company engaged in the business of providing turnkey automation solution to automotive, semi-automotive and manufacturing industries.The Company programs and automates the functions of machines used in manufacturing process of the automobile industry. The Assembly facility of the Company is situated at Pune, Maharashtra along with the Head office, covering an area of 8,442 sq. meters.The Company is also in the business of assembling and installing automatic multilevel car parking system. This system is preferred by residential complexes, shopping malls, and commercial buildings. It has a presence in Mumbai and Pune in automated car-parking business. Further, in FY 2017-18, the Company has set-up a new line of business, Secondary Packaging, which is aimed at FMCG industries by way of providing automation service in container packaging of the final packed product.
Affordable Robotic & Automation Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 136,000 | — | ₹1.16 Cr | — |
| TOTAL | 2,681,600 | 100.00% | ₹22.79 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹136,000 |
| Retail (Max) | 13 | 20,800 | ₹1,768,000 |
| sNII (Min) | 14 | 22,400 | ₹1,904,000 |
| bNII (Min) | 68 | 108,800 | ₹9,248,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 4039.43 | 4709.13 | 2595.45 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 395.63 | 122.04 | 14.07 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 5390.96 | 3239.97 | 2285.85 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |