Affordable Robotic & Automation Limited IPO

Affordable Robotic & Automation Limited

Issue Open

May 24, 2018

Price Band

₹ 83 - ₹ 85

Issue Size

₹ 31.17 Cr

Credit of Shares to Demat

-

Issue Close

May 28, 2018

Bid Lot

1600

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

1600

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Jun 04, 2018

Refunds

-

About the company:

Affordable robotic & Automation Limited is a Pune based company engaged in delivering automation solution to automotive,semi-automotive and manufacturing sectors. The expertise of the company lies in the automation of the machines used in the auto sector. The company also give its services of assembling and installing multilevel car parking system.

Date of Incorporation: The company was incorporated in January 12th, 2010

Promoters of Affordable robotic & Automation Limited: Milind Padole and Manohar Padole are the promoters of the company.

Products and Services: The company provides turnkey automation solutions to its clients along with that it also gives assembling and installing multilevel car parking system.

Customer Segments: automotive, semi-automotive and manufacturing industries forms the major chunk of clientele base of the company

Objectives of the Issue: The Objectives of the Issue are-
-      Purchase of New Plant and Machinery;
-      Repayment of certain Long-Term Borrowings availed by the Company;
-      Funding the Working Capital requirements of the Company; and
-      General Corporate Purposes

Company Financials:

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

 

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