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.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Purchase of New Plant and Machinery | ₹4 |
| 2 Repayment of certain Long Term Borrowings availed by the Company | ₹18 |
| 3 Funding the Working Capital requirements of the Company | ₹5 |
| 4 General Corporate Purposes | ₹1 |
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Total Assets | 5,391 | 3,240 | 2,286 |
| Revenue | 4,039 | 4,709 | 2,595 |
| PAT | 396 | 122 | 14 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,268,800 (47%) | — |
| NII / HNI | — | 384,000 (14%) | — |
| Retail (RII) | — | 892,800 (33%) | — |
| Market Maker | — | 136,000 (5%) | — |
| Total | — | 2,681,600 (100%) | — |
* Amount calculated at upper price band (₹85) · ** Total includes all investor categories
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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