Affordable Robotic & Automation Limited IPO
Issue Analysis :
| Issue opens | May 24, 2018 |
| Issue Closes | May 28, 2018 |
| Issue Price | Rs 83 – Rs 85 |
| Lot Size | 1600 |
| Issue Size | 31.17 Cr |
| Lead Manager | PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED |
| Registrar | LINK INTIME INDIA PRIVATE LTD |
| Platform | BSE |
Company’s Snapshot :
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.
Object of the Issue :
The Objects 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
Financial Highlights :
| Summary of financial Information (Restated) | ||||||
| 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 | |
Company Promoters:
The Promoters of the Company are Milind Padole and Manohar Padole. The Promoters hold 62,49,500 Equity Shares representing 96.18% of the pre-issue Paid-up Capital of the Company.
Contact Company Information:
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
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