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Affordable Robotic IPO is a book build issue of ₹22.79 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹22.79 crore.
Affordable Robotic IPO bidding started from May 24, 2018 and ended on May 28, 2018. The shares got listed on BSE SME on Jun 4, 2018.
Affordable Robotic IPO price band is set at ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,32,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,72,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Affordable Robotic IPO RHP for detailed Information.
| IPO Date | May 24, 2018 to May 28, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹83 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,81,600 shares (aggregating up to ₹22.79 Cr) |
| Reserved for Market Maker | 1,36,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.16 Cr) |
| Net Offered to Public | 25,45,600 shares (aggregating up to ₹21.64 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 64,98,000 shares |
| Share Holding Post Issue | 1,01,65,200 shares |
Affordable Robotic Automation IPO offers total 26,81,600 shares. Out of which 12,68,800 (47.32%) allocated to QIB, 3,84,000 (14.32%) allocated to NII, 8,92,800 (33.29%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,36,000 (5.07%) |
| QIB Shares Offered | 12,68,800 (47.32%) |
| NII (HNI) Shares Offered | 3,84,000 (14.32%) |
| Retail Shares Offered | 8,92,800 (33.29%) |
| Total Shares Offered | 26,81,600 (100.00%) |
Affordable Robotic IPO opens on May 24, 2018, and closes on May 28, 2018.
| IPO Open Date | Thu, May 24, 2018 |
| IPO Close Date | Mon, May 28, 2018 |
| Tentative Listing Date | Mon, Jun 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 28, 2018 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,36,000 |
| Retail (Max) | 1 | 1,600 | ₹1,36,000 |
| HNI (Min) | 2 | 3,200 | ₹2,72,000 |
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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 5,390.96 | 3,239.97 | 2,285.85 | 1,670.49 | 916.22 | |
| Total Revenue | 4,039.43 | 4,709.13 | 2,595.45 | 2,423.29 | 1,727.28 | |
| Profit After Tax | 395.63 | 122.04 | 14.07 | 81.20 | 43.35 | |
The Company Affordable Robotic IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of New Plant and Machinery | 4.19 |
| 2 | Repayment of certain Long Term Borrowings availed by the Company | 17.50 |
| 3 | Funding the Working Capital requirements of the Company | 4.50 |
| 4 | General Corporate Purposes | 1.05 |
[Dilip Davda] <p>Although superb profits in FY17 and 9 months of FY18 raises concern, being first mover in the segment, this company might create fancy going forward. Investors may consider moderate investment for long term.</p> Read detail review...
| Listing Date | June 4, 2018 |
| BSE Script Code | 541402 |
| NSE Symbol | AFFORDABLE |
| ISIN | INE692Z01013 |
| Final Issue Price | ₹85 per share |
| BSE Listing Group | MT |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹90.05 |
| Low | ₹92.00 |
| High | ₹99.25 |
| Last Trade | ₹99.25 |
Affordable Robotic & Automation Ltd.
Village Wadki
Gat No. 1209
Taluka Haveli, Dist.
Pune, Maharashtra, 412308
Phone: +91-7720018914
Email: info@arapl.co.in
Website: http://www.arapl.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: affordablerobotic.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Affordable Robotic IPO is a SME IPO of 26,81,600 equity shares of the face value of ₹10 aggregating up to ₹22.79 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on May 24, 2018, and closes on May 28, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Affordable Robotic IPO using UPI as a payment gateway. Zerodha customers can apply in Affordable Robotic IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Affordable Robotic IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Affordable Robotic IPO opens on May 24, 2018 and closes on May 28, 2018.
Affordable Robotic IPO lot size is 1600, and the minimum amount required for application is ₹1,36,000.
You can apply in Affordable Robotic IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Affordable Robotic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Affordable Robotic IPO allotment status.
The Affordable Robotic IPO listing date is on Monday, June 4, 2018.
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