Affordable Robotic & Automation IPO

Affordable Robotic & Automation IPOBusiness description - Affordable Robotic & Automation is 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 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 assembly unit is equipped with requisite software, technology, machinery, spares store and other basic amenities for its employees making itself an integrated facility. 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. The company has 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.

Promoters of Affordable Robotic & Automation – Milind Padole & Manohar Padole
Affordable Robotic & Automation IPO details
Subscription Dates24 - 28 May 2018
IPO Price bandINR83 - 85 per share
Fresh issue 2,681,600 shares (INR22.26 - 22.79 crore)
Offer for sale Nil
Total IPO size2,681,600 shares (INR22.26 - 22.79 crore)
Minimum bid (lot size)1,600 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnBSE SME platform
Use of funds
  • Purchase of new plant and machinery - INR4.19 crore
  • Working capital requirements - INR19.42 crore
  • Repayment of long term borrowings - INR4.50 crore
  • General corporate purposes
  • Issue expenses
Affordable Robotic & Automation's financial performance (in INR lakh)
 FY2013FY2014FY2015FY2016FY20179M FY2018
Total revenue1,727.32,423.32,595.54,709.14,039.44,668.6
Total expenses1,663.92,301.42,568.74,462.03,385.94,076.7
Profit after tax43.481.214.1122.0395.6406.8
Affordable Robotic & Automation's Contact Details

Affordable Robotic & Automation Limited
Village Wadki, Gate No. 1209,
Taluka Haveli,
Dist. Pune – 412308

Phone: +91 7720018914
Email: [email protected]
Website: www.arapl.co.in

Affordable Robotic & Automation IPO Subscription Details
DaySubscription (no. of times)
Day 10.08
Day 20.27
Day 34.39
Affordable Robotic & Automation Valuation (Latest FY)

Earnings Per Share (EPS): INR5.95

Price/Earnings (P/E) ratio: 13.94 - 14.28

Return on Net Worth (RONW): 55.84%

Net Asset Value (NAV): INR10.65 per share

Registrar of Affordable Robotic & Automation IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Affordable Robotic & Automation IPO Allotment Status

Affordable Robotic & Automation IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Affordable Robotic & Automation

IPO Opening Date: 24 May 2018

IPO Closing Date: 28 May 2018

Listing Date: 4 April 2018

Listing Price on BSE SME: INR90.05 per share (up 0.05% from IPO price)

Closing Price on BSE SME: INR94.55 per share (up 5% from IPO price)

4 thoughts on “Affordable Robotic & Automation IPO

  • May 24, 2018 at 11:55 AM
    Permalink

    Avoid!

    Many vendors outstanding payments.

    Company not being able to pay salaries.

    Company in a bad shape.
    All deliveries are always delayed.

    Reply
  • May 22, 2018 at 1:20 PM
    Permalink

    It is well known in Pune that these guys don’t pay on time. I have been a vendor and it was worst experience dealing with them.

    Reply
  • May 22, 2018 at 11:41 AM
    Permalink

    hi manek, how do you know so much about company

    Reply
  • May 22, 2018 at 7:02 AM
    Permalink

    Company not paying small employee salary from past 3 months. Company is in a very bad shape.. vendors payment pending since years.

    Reply

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