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A.f. Enterprises Ltd Rights Issue (A.f. Enterprises Rights Issue 2024) Detail

August 26, 2024 - September 3, 2024
A.f. Enterprises Ltd Logo

Established in 1983, A.F. Enterprises Ltd, formerly known as A F Investment Private Limited, is engaged in the trading and manufacturing of plastic molded components under the brand name "RIDH".

The company has 35 injection moulding machines ranging from 100 to 850 tonnes and can manufacture plastic molded components up to 3.5 kg. In addition to the machines, the company also has its own toll room and an R&D team for the development of new products. The company's manufacturing facility is located in Faridabad, Haryana.

The company's product range includes RO water purifiers, industrial crates, dustbins, safety helmets, plastic containers, plastic spoons etc. The product range finds application in agriculture, energy, construction, engineering, FMCG, safety and health, pharmaceutical, medical, packaging and consumer goods.

The company is ISO-certified according to ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems and ISO 45001:2018 for occupational health and safety management systems.

A.f. Enterprises Rights Issue 2024 Detail

Issue Open August 26, 2024 - September 3, 2024
Security Name A.f. Enterprises Ltd
Issue Size (Shares) 21,170,454
Issue Size (Amount) ₹21.17 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Issue Price of Rs.10 per Equity Share is payable as Rs.2.50 on Application and Rs.7.50 on One or more subsequent Call(s).

Entitlement 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

A.f. Enterprises Rights Issue 2024 Issue Timetable

Last Date to buy sharesAugust 14, 2024
Record Date August 16, 2024
Credit of Rights Entitlements August 23, 2024
Bid/Offer Opens On August 26, 2024
Renunciation of Rights Entitlements August 28, 2024
Bid/Offer Closes On September 3, 2024
Deemed Date of Allotment September 10, 2024
Credit Date September 13, 2024
Listing Date September 19, 2024

Company Financials

A.f. Enterprises Ltd Financial Information (Restated Consolidated)

A.f. Enterprises Ltd's revenue decreased by -68% and profit after tax (PAT) dropped by -202% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets134.68152.64
Revenue9.5129.71
Profit After Tax-0.350.34
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the Issue towards funding the following objects:

  1. To part finance working capital requirement of the company;
  2. Repayment of certain outstanding borrowings;
  3. To meet General corporate purposes; and
  4. To meet the expenses of the Issue.

A.f. Enterprises Rights Issue 2024 Subscription Status

A.f. Enterprises Rights Issue 2024 got oversubscribed by 2.05 times by the end of the bidding period with total bid quantity received by BSE of 43,374,532 shares.

A.f. Enterprises Rights Issue 2024 Documents

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Company Contact Information

A.f. Enterprises Ltd
15/18 Basement B Portion,
West Patel Nagar,
Central Delhi, New Delhi - 110008

Phone: 917428399452
Email: info.afenterprises@gmail.com
Website: http://www.afenterprisesltd.in/

A.f. Enterprises Rights Issue 2024 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: info@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

A.f. Enterprises Rights Issue 2024 Lead Manager(s)

A.f. Enterprises Rights Issue 2024 FAQs

The A.f. Enterprises Rights Issue 2024 opens on August 26, 2024, and closes on September 3, 2024.

A.f. Enterprises Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsAugust 23, 2024
Last Date for renunciation of Rights EntitlementsAugust 28, 2024
Issue Opening DateAugust 26, 2024
Issue Closing DateSeptember 3, 2024
Date of Allotment (on or about)September 10, 2024
Date of Credit (on or about)September 13, 2024
Date of Listing (on or about)September 19, 2024

A.f. Enterprises Rights Issue 2024 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (August 16, 2024).

The record date for the A.f. Enterprises Rights Issue 2024 is August 16, 2024.

The issue size of A.f. Enterprises Rights Issue 2024 is of 21,170,454 equity shares at ₹10 per share aggregating upto ₹21.17 Crores.

The Letter of Offer for A.f. Enterprises Rights Issue 2024 can be download here.

You can apply for A.f. Enterprises Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for A.f. Enterprises Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the A.f. Enterprises Rights Issue 2024 available on the list.
  4. Click the Apply button next to the A.f. Enterprises Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

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.f. Enterprises Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select A.f. Enterprises Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. Ramesh Mohta     Link|October 3, 2024 12:53:00 PM
I hv Afel pp1 means.
1. Murthy     Link|August 17, 2024 10:46:20 AM
Draft Letter of Offer
https://www.bseindia.com/corporates/download/10488/Rights/AF_DLOF_20240618200223.pdf

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