Bookbuilding IPO | ₹23 Cr | Listed at BSE SME | Thu, May 24, 2018 - Mon, May 28, 2018
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,36,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, May 24, 2018
IPO Close
Mon, May 28, 2018
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹86.40 Cr
| IPO Date | 24 to 28 May, 2018 |
| Listed on | Mon, Jun 4, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,81,600 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,36,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,45,600 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 25,45,600 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 64,98,000 shares |
| Share Holding Post Issue | 1,01,65,200 shares |
| BSE Script Code | 541402 AFFORDABLE |
| ISIN | INE692Z01013 |
Affordable Robotic IPO comprises a total issue size of 26,81,600 shares. The net offer to the public is 25,45,600 shares, after excluding 1,36,000 shares allotted on a firm basis. Of the Net offer 12,68,800 (49.84%) are allocated to QIB, 3,84,000 (15.08%) allocated to NII 8,92,800 (35.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,68,800 | 49.84% | 47.32% |
| NII (HNI) Shares Offered | 3,84,000 | 15.08% | 14.32% |
| Retail Shares Offered | 8,92,800 | 35.07% | 33.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,000 | 5.07% | |
| Total Shares Offered | 26,81,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Affordable Robotic IPO is subscribed 4.63 times on May 28, 2018 5:00:00 PM (Day 3). The public issue subscribed 2.53 times in the retail category, [.] times in the QIB category, and 6.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.72 | 12,72,800 | 85,58,400 |
| Retail | 2.53 | 12,72,800 | 32,20,800 |
| Total | 4.63 | 25,45,600 | 1,17,79,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 2.86 |
| 2 | Regulatory fees | 0.08 |
| 3 | Marketing and Other Expenses | 0.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹90.05 |
| Low | ₹92.00 |
| High | ₹99.25 |
| Last Trade | ₹99.25 |
Lead Manager Reports
Affordable Robotic IPO is a SME IPO of 26,81,600 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on Thu, May 24, 2018, and closes on Mon, 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 Thu, May 24, 2018 and closes on Mon, 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 Mon, Jun 4, 2018.
