Business 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 Dates | 24 – 28 May 2018 |
| IPO Price band | INR83 – 85 per share |
| Fresh issue | 2,681,600 shares (INR22.26 – 22.79 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,681,600 shares (INR22.26 – 22.79 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | BSE 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) | ||||||
| Â FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 1,727.3 | 2,423.3 | 2,595.5 | 4,709.1 | 4,039.4 | 4,668.6 |
| Total expenses | 1,663.9 | 2,301.4 | 2,568.7 | 4,462.0 | 3,385.9 | 4,076.7 |
| Profit after tax | 43.4 | 81.2 | 14.1 | 122.0 | 395.6 | 406.8 |
Affordable Robotic & Automation’s Contact Details
Affordable Robotic & Automation Limited
Village Wadki, Gate No. 1209,
Taluka Haveli,
Dist. Pune – 412308
Phone: +91 7720018914
Email:Â [email protected]
Website: www.arapl.co.in
Affordable Robotic & Automation IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.08 |
| Day 2 | 0.27 |
| Day 3 | 4.39 |
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:Â 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:Â INR94.55 per share (up 5% from IPO price)
Company not paying small employee salary from past 3 months. Company is in a very bad shape.. vendors payment pending since years.
hi manek, how do you know so much about company
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.
Avoid!
Many vendors outstanding payments.
Company not being able to pay salaries.
Company in a bad shape.
All deliveries are always delayed.