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Affordable Robotic Automation IPO is a book built issue of Rs 31.17 crores.
Affordable Robotic Automation IPO bidding started from May 24, 2018 and ended on May 28, 2018. The shares got listed on BSE SME on June 4, 2018.
Affordable Robotic Automation IPO price band is set at ₹83 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Affordable Robotic Automation IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Affordable Robotic Automation IPO DRHP for detailed information.
| IPO Date | May 24, 2018 to May 28, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,667,200 shares (aggregating up to ₹31.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,498,000 |
| Share holding post issue | 10,165,200 |
| Market Maker portion | 136,000 shares |
Affordable Robotic Automation IPO offers 2,817,600 shares. 1,272,800 (45.17%) to NII, 1,272,800 (45.17%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 136,000 (4.83%) |
| NII (HNI) Shares Offered | 1,272,800 (45.17%) |
| Retail Shares Offered | 1,272,800 (45.17%) | Other Shares Offered | 136,000 (4.83%) |
| Total Shares Offered | 2,817,600 (100%) |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| Lot Size Calculator | |||
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 Objects of the Issue are-
1. Purchase of New Plant and Machinery;
2. Repayment of certain Long-Term Borrowings availed by the Company;
3. Funding the Working Capital requirements of the Company; and
4. General Corporate Purposes
[Dilip Davda]
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.
Read detail review...The Affordable Robotic Automation IPO is subscribed 4.63 times on May 28, 2018 5:00:00 PM. The public issue subscribed 25.30 times in the retail category, times in the QIB category, and 2.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.70 |
| Retail | 25.30 |
| Total | 4.63 |
| Listing Date | June 4, 2018 |
| BSE Script Code | 541402 |
| NSE Symbol | AFFORDABLE |
| ISIN | INE692Z01013 |
| Final Issue Price | ₹85 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹85.00 |
| ₹90.05 |
| ₹92.00 |
| ₹99.25 |
| ₹99.25 |
Affordable Robotic & Automation Limited
Village Wadki
Gat No. 1209
Taluka Haveli, Dist. Pune - 412308
Phone: +91-7720018914
Email: info@arapl.co.in
Website: http://www.arapl.co.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: affordablerobotic.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Affordable Robotic Automation IPO is a SME IPO of 3,667,200 equity shares of the face value of ₹10 aggregating up to ₹31.17 Crores. The issue is priced at ₹83 to ₹85 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 24, 2018, and closes on May 28, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Affordable Robotic Automation IPO opens on May 24, 2018 and closes on May 28, 2018.
Affordable Robotic Automation IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
You can apply in Affordable Robotic Automation IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Affordable Robotic Automation IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Affordable Robotic Automation IPO allotment status.
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