Affordable Robotic & Automation Ltd - IPO

Affordable Robotic & Automation Ltd IPO Details

Initial public offer consisting of fresh issue of 26,81,600 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 85 per equity share (The Issue Price) (including a share premium of Rs. 75 per equity share) aggregating up to Rs. 22.79 crores (The Issue), of which 1,36,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85/- per equity share, aggregating Rs. 1.16 crores will be reserved for subscription by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. Issue of 25,45,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85/- per equity share, aggregating Rs. 21.64 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 26.34% and 25.01% respectively of the fully diluted post issue paid up equity share capital of the company.The Face value of the equity share is Rs. 10 each.The issue price is Rs.85 and is 8.5 times tha face value of the equity shares.

Objective of issue

Purchase of New Plant and Machinery. Funding the working capital requirements of the company. Repayment of certain long term borrowings availed by the company. General corporate purposes.

Affordable Robotic & Automation Ltd Contact Details

Affordable Robotic & Automation Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@arapl.co.in

Website - www.arapl.co.in