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A B Infrabuild Limited was founded in 2011 and mainly provides Road Over Bridge (ROB) and Foot Over Bridge (FOB) related services.
The company also provides services in the areas of new station infrastructure, civil and structural works, track construction, track connections, gauge conversion, and new rail lines. The company is also involved in the construction of road contracts, infrastructure and steel mill bridges.
A B Infrabuild is a contractor of PWD Maharashtra and the Municipal Corporation of Greater Mumbai. As a contractor, it has an AA rating for creating infrastructure and operating a ready-mix concrete plant.
The company's major clients include GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd, Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Mumbai Railway Vikas Corporation Ltd and Municipal Corporation of Greater Mumbai.
Issue Open | September 24, 2024 - October 4, 2024 |
Security Name | A B Infrabuild Limited |
Issue Size (Shares) | 5,527,166 |
Issue Size (Amount) | ₹9.95 Crores |
Issue Price | ₹18 per share |
Face Value | ₹10 per share |
Listing At | NSE |
Terms of Payment | Full amount of Rs. 18 per Equity Share is payable on application. |
Entitlement | 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | May 16, 2024 |
Record Date | May 17, 2024 |
Credit of Rights Entitlements | September 19, 2024 |
Bid/Offer Opens On | September 24, 2024 |
Renunciation of Rights Entitlements | September 27, 2024 |
Bid/Offer Closes On | October 4, 2024 |
Deemed Date of Allotment | October 10, 2024 |
Credit Date | October 16, 2024 |
Listing Date | October 21, 2024 |
A B Infrabuild Limited's revenue increased by 49% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
Assets | 156.62 | 125.24 | 103.1 | 113.44 | ||||||||||||||||||||||||||||||||||||
Revenue | 184.49 | 123.79 | 64.6 | 62.45 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | 11.42 | 7.54 | 0.86 | -2.23 | ||||||||||||||||||||||||||||||||||||
Amount in ₹ Crore |
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects:
A B Infrabuild Rights Issue 2024 is subscribed 0.11 times as on September 26, 2024 5:01:06 PM. The total bid quantity received by NSE is 633,000 shares.
A B Infrabuild Limited
104, 1st Floor, Shubhangan CHS Ltd.,
Jawahar Nagar Railway Station Crossing,
Goregaon West, Mumbai - 400062
Phone: 28712114
Email: accounts@abinfrabuild.com
Website: https://www.abinfrabuild.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The A B Infrabuild Rights Issue 2024 opens on September 24, 2024, and closes on October 4, 2024.
A B Infrabuild Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | September 19, 2024 |
Last Date for renunciation of Rights Entitlements | September 27, 2024 |
Issue Opening Date | September 24, 2024 |
Issue Closing Date | October 4, 2024 |
Date of Allotment (on or about) | October 10, 2024 |
Date of Credit (on or about) | October 16, 2024 |
Date of Listing (on or about) | October 21, 2024 |
A B Infrabuild Rights Issue 2024 price is set at ₹18 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date (May 17, 2024).
The record date for the A B Infrabuild Rights Issue 2024 is May 17, 2024.
The issue size of A B Infrabuild Rights Issue 2024 is of 5,527,166 equity shares at ₹18 per share aggregating upto ₹9.95 Crores.
The Letter of Offer for A B Infrabuild Rights Issue 2024 can be download here.
You can apply for A B Infrabuild Rights Issue 2024 in two ways:
Steps to apply for A B Infrabuild Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for A B Infrabuild Rights Issue 2024 using Registrar's website (R-WAP)
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