AF Enterprises Rights Issue is scheduled on 26 Aug – 3 Sep 2024
AF Enterprises trades and manufactures a range of products, primarily focusing on plastic molded components under the brand name “RIDH.” The “RIDH” brand is a trademark that represents the company’s entire product line. The company operates 35 injection molding machines, ranging from 100 to 850 tonnes, capable of producing up to 3.5 kg plastic components.
In addition to the machinery, AF Enterprises has its tool room and an R&D team dedicated to new product development. The state-of-the-art facility is located in Faridabad, Haryana. The company’s product range includes RO water purifiers, industrial crates, dustbins, safety helmets, plastic containers, plastic spoons, and more. These products are used across various sectors, including agriculture, energy, construction, engineering, FMCG, safety and health, pharmaceuticals, medical, packaging, and consumer goods.
Promoters of AF Enterprises – M/S. RMS Mosquto Private Limited
Table of Contents
AF Enterprises Rights Issue Details
| AF Enterprises Rights Issue Date | 26 Aug – 3 Sep 2024 |
| AF Enterprises Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 2,11,70,454 shares |
| Issue Size (in INR) | INR 21.17 crore |
| Issue Entitlement | 3 equity shares for every 2 equity shares held on record date |
| Terms of Payment | The issue price of INR10 per equity share is payable as INR 2.50 on application and INR 7.50 on one or more subsequent call(s). |
| AF Enterprises Rights Issue Record Date | 16 August 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
AF Enterprises Rights Issue Calculation
| AF Enterprises Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 18.24 per share |
| Dilution Factor (X) | 2.5 |
| Fair Value After Dilution at Prevailing Price | INR 13.30 per share |
AF Enterprises Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 48.58 | 24.29 | 8.50 |
| Expenses | 47.80 | 28.64 | 9.29 |
| Operating Margin (%) | 1.61 | (17.91) | (9.29) |
| Net Income | 1.09 | 0.34 | (0.01) |
| ROCE (%) | 9.42 | (0.67) | (1.67) |
AF Enterprises Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To part finance working capital requirement of the company – INR 12.50 crore
- Repayment of certain outstanding borrowings availed by the company – INR 4.36 crore
- To meet general corporate purposes
- To meet the expenses of the Issue
AF Enterprises Rights Offer Documents
- AF Enterprises Rights Issue Application Form
- AF Enterprises Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
AF Enterprises Rights Issue Dates
| Rights Issue Approval Date | 9 August 2024 |
| Rights Issue Record Date | 16 August 2024 |
| Credit of Rights Entitlement | 23 August 2024 |
| Rights Issue Opening Date | 26 August 2024 |
| Last Date for Market Renunciation | 28 August 2024 |
| Rights Issue Closing Date | 3 September 2024 |
| Finalization of Basis of Allotment | 9 September 2024 |
| Rights Allotment Date | 10 September 2024 |
| Credit Date | 13 September 2024 |
| Listing Date | 19 September 2024 |
AF Enterprises Rights Offer Led Manager
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone: +91-22-41204837
E-mail: [email protected]
Website: www.navigantcorp.com
AF Enterprises Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91 011-26812682
Email: [email protected]
Website: www.skylinerta.com
AF Enterprises Issue Contact Details
A F ENTERPRISES LIMITED
Plot No. 8, Sector-5, Main Mathura Road,
Ballabgarh Faridabad, Haryana-121006
Phone: +91-7428399452
E-mail: [email protected]; [email protected]
Website: www.afenterprisesltd.in
AF Enterprises Rights Offer FAQs
What is the AF Enterprises Rights Issue Price?
The issue price is INR 10 per share.
What is the AF Enterprises Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 2 Equity Shares held on the record date.
What is the AF Enterprises Rights Issue Record Date?
The Record date is 16 August 2024.
How to Apply for the AF Enterprises Rights Offer?
The best way to apply for the AF Enterprises Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
