Affordable Robotic & Automation Limited IPO

Add to Calendar 2018-05-24 12:00 AM 2018-05-28 12:00 AM Asia/Kolkata Affordable Robotic & Automation Limited IPO Affordable Robotic & Automation Limited India

Affordable robotic & Automation Limited is a Pune based company engaged in delivering automation solution to automotive,semi-automotive and manufacturing sectors. The expertise of the company lies in the automation of the machines used in the auto sector. The company also give its services of assembling and installing multilevel car parking system.

Date of Incorporation: The company was incorporated in January 12th, 2010

Promoters of Affordable robotic & Automation Limited: Milind Padole and Manohar Padole are the promoters of the company.

Products and Services: The company provides turnkey automation solutions to its clients along with that it also gives assembling and installing multilevel car parking system.

Customer Segments: automotive, semi-automotive and manufacturing industries forms the major chunk of clientele base of the company

Objectives of the Issue: The Objectives 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

Company Financials:


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Issue Detail

  • Issue Open: May 24, 2018
  • Issue Close: May 28, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 83 - Rs 85 Per Equity Share
  • Bid Lot:1600 Shares
  • Minimum Order Quantity:1600 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 31.17 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total

Listing Day Trading Information

Issue Price - -
Open - Rs 90.05
Low - Rs 92.00
High - Rs 99.25
Last Trade - Rs 99.25
Volume - 89,600

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