Affordable Robotic & Automation Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,268,800 (47%) | — | ₹1,078 Cr |
| NII (HNI) | — | 384,000 (14%) | — | ₹326 Cr |
| Retail | — | 892,800 (33%) | — | ₹759 Cr |
| Market Maker | — | 136,000 (5%) | — | ₹12 Cr |
| Σ Total | — | 2,681,600 (100%) | — | ₹22,794 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹136,000 |
| Retail (Max) | 13 | 20,800 | ₹1,768,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,904,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,112,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 4,039 | 4,709 | 2,595 |
| Profit After Tax | 396 | 122 | 14 |
| Total Assets | 5,391 | 3,240 | 2,286 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Purchase of New Plant and Machinery – 4.19
- 2 Repayment of certain Long Term Borrowings availed by the Company – 17.50
- 3 Funding the Working Capital requirements of the Company – 4.50
- 4 General Corporate Purposes – 1.05
Company Overview
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.