Affordable Robotic IPO – Review, Allotment Status, Subscription, Price, Date & more

Affordable Robotic & Automation Limited  is all set to get listed on the stock exchange. The Affordable Robotic IPO is releasing on May 24th 2018 and its issue size is approximately Rs.22.26 Crore. The company has also reserved certain shares for market makers. Lets read this article to know more about the company background, the promoters, Affordable Robotic IPO object, IPO offer, IPO pricing and the financial figures of the company for past 5 years.


Affordable Robotic IPO Review & Ratings

Affordable Robotic IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.8/10
Industry Ranking6.7/10
Company Background6.9/10
Company Reputation6.4/10
Competitive Edge6.7/10
Financial Statements6.8/10
Popularity Index6.6/10
Promoters Reputation6.7/10
Retail Appetite6.4/10
Top Brokers Review6.4/10
Overall Ratings6.7/10
Star Ratings★★★☆☆

Summary of Affordable Robotic IPO

Affordable Robotic IPOThe Company has undertaken in consultation with the BRLM and decided for 2,681,600 equity shares (Rs 22.26 – Rs 22.79 crore), with the face value of Rs 10 Per Equity Share. The issue price decided is Rs 83 – Rs 85 Per Equity Share and the market lot or minimum order quantity yeah 1600 shares.

These sahre are listed at BSE SME. The promoters of the company are: MILIND PADOLE & MANOHAR PADOLE. For IPOs like this, Long term Subscription can give you  multiple times profit in future.  The raised fund would be used for the following:

  • Purchase of new plant and machinery – Rs 4.19 crore
  • Working capital requirements – Rs 19.42 crore
  • Repayment of long term borrowings – Rs 4.50 crore
  • General corporate purposes
  • Issue expenses

Affordable Robotic & Automation Limited IPO has appointed PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED as their lead managers and LINK INTIME INDIA PRIVATE LIMITED is the registrar to the offer.


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Affordable Robotic IPO Date

The Affordable Robotic IPO opens on 24th May 2018 & closes on 28th May 2018.

Affordable Robotic IPO Subscription

Subscription
Day 1  – 24 May’18 235,200
Day 2  – 25 May’18 742,400
Day 3  – 26 May’18 X
Day 4  – 27 May’18 X
Day 5  – 28 May’18 X

The number of shares subscribed by the public will be updated herein on a daily basis.

Affordable Robotic IPO Allotment Status

Upon completion of the subscription process, the company will start allotting the shares. Once the company is done with the allotment, the details will be updated herein.

Affordable Robotic IPO Price Band

The Affordable Robotic IPO price band is  Rs.81-83 Per Equity Share which includes a premium of Rs.71-73 per share.

Affordable Robotic IPO Issue Size

The issue size is 2,681,600 shares (Rs.22.26 – Rs.22.79 crore) . Out of this, certain portion is expected from the market makers.

Affordable Robotic IPO Equity Share Offerings

The number of shares offered to the public is 26,81,600.



Affordable Robotic & Automation Ltd- Company Overview

The company was incorporated on 12th January 2010 and it is located in Pune, Maharashtra. The company is into advanced Robotics and automation Technology that deals with assembling and installing of automatic multilevel car parking system and in various other sectors such as commercial karma shopping mall complexes and other FMCG industries that are related to product packaging.

The main objective of the company is to carry on the business of manufacturing, designing, buying, selling, reselling, importing, exporting, exchanging, hiring, distributing, supplying, subcontracting, altering, improving, assembling, cleaning, servicing, reconditioning, renovating, developing, modifying, finishing of automated/ semi-automated /robotic machines, cranes, jigs & fixtures, dies for material handling as well as for general applications and to act as stockiest, franchisers, agents, brokers or to deal in all types, varieties, models, shapes, sizes, and uses of replacements parts, accessories, power units, transmission and propulsion systems chassis and other goods, articles and things for special purpose machine and all other general components and parts.

Registered Office: Village Wadki, Gat No. 1209, Taluka Haveli, Dist. Pune – 412308, India
Contact Person: Harshada Hendre, Company Secretary and Compliance Office

Key members are:

  • Milind Padole, Promoter and Managing Director
  • Manohar Padole, Promoter and Whole-time Director
  • Rahul Padole, Non Executive Director
  • Bhagirathi Padole, Additional (Non-Executive) Director
  • Bharat Jhamvar, Additional Independent Director
  • Dr. Ajay Deshmukh, Additional Independent Director
  • Rohan Akolkar, Additional Independent Director

Competitive Strengths ofAffordable Robotic & Automation Limited

  • Quality of solutions
  • Experienced Promoters and Management
  • In-house facilities
  • Scope of expansion
  • Innovation of automation solution
  • Technological Skills
  • Strong Customer service

Business strategies of Affordable Robotic & Automation Limited

  • Providing complete solution
  • Technology tie-ups
  • Investment in machine-shops
  • Tapping foreign markets
  • End Of Line automation

Affordable Robotic & Automation Limited – Financial Statements

While evaluating any company for investment purposes, its financial statements are the most critical thing – let us look into the key financial indicators to evaluate this company:

Assets of the Company

For the year/period ended (in Rs. Lakhs)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets5,390.963,239.972,285.851,670.49916.22
Total Revenue4,039.434,709.132,595.452,423.291,727.28
Profit After Tax395.63122.0414.0781.2043.35

Revenue & PAT of the Company

Earning per Equity Share (in INR)
Mar’17Mar’16Mar’15
Basic6.331.950.23
Diluted6.331.950.23

 


Affordable Robotic & Automation Limited Promoters

The company has been promoted by :

  • MILIND PADOLE
  • MANOHAR PADOLE

Promoter Interest in the company.

The company’s Promoters are interested in the Company to the extent that they have promoted the Company and to
the extent of their shareholding and the dividend receivable, if any and other distributions in respect of
the Equity Shares held by them.

Promoters are the Directors and KMP of the Company and may be deemed to be interested to the
extent of remuneration and/ or reimbursement of expenses payable to them for services rendered to them in
accordance with the provisions of the Companies Act and in terms of the agreements entered into with
the Company, if any and AoA of the Company.

Payment or Benefits to the Promoters

Except as stated otherwise in the chapter titled “Related Party Transactions” on page 169 of this Draft
Red Herring Prospectus, there have been no payments or benefits to the Promoters during the two years
prior to filing of this Draft Red Herring Prospectus.


Affordable Robotic IPO Offer Details or Issue Details

 Particulars Details Of Equity Shares
 Equity Shares OfferedX
 Of which:
 Reserved for Market MakersX
 Net Issue to the PublicX
 Of which:
 Retail Investors PortionX
 Non-Retail Investors PortionX
 Equity Shares outstanding prior to the IssueX
 Equity Shares outstanding after the Issue X

Affordable Robotic IPO Issue Object

  • Purchase of New Plant and Machinery;
  • Repayment of certain Long Term Borrowings availed by our Company;
  • Funding the Working Capital requirements of our Company;
  • General Corporate Purposes

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Affordable Robotic IPO – Basis of the Offer Price

The offer price for this IPO has been fixed at Rs. 85 per share which is 8.5 times the face value of the equity shares being issued.

The qualitative factors relevant to decide the issue price:

  • Experienced promoters and Management Expertise
  • Quality projects and committed operations
  • Independent Execution capabilities
  • Networking strength

The quantitative factors relevant for the issue price are:

  • Earning per share – The EPS earned by the company for FY 16-17 is Rs. 5.95.
  • Price/earning ratio – The PE ratio based on the EPS of Rs 13.94 – 14.28.
  • Return on Net Worth – RoNW for the year ending March 2017 is 55.84%.
  • Net Asset Value – NAV per Equity Share for the year ending 2017 is Rs. 10.65.
  • Comparison with listed industry peer review

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Affordable Robotic IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED

Affordable Robotic IPO Registrar to the Offer

Registrar of the Offer
LINK INTIME INDIA PRIVATE LIMITED

Affordable Robotic IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking6.6/106.6/106.8/106.3/106.7/10
Sharekhan6.4/106.4/106.5/106.7/106.8/10
Kotak Securities6.7/106.4/106.3/106.8/106.5/10
ICICI Direct6.8/106.7/106.5/106.5/106.7/10
IIFL6.5/106.8/106.3/106.7/106.5/10
Edelweiss6.3/106.5/106.7/106.3/106.3/10
Zerodha6.7/106.3/106.6/106.5/106.7/10
5Paisa6.9/106.5/106.8/106.3/106.3/10
Karvy6.7/106.3/106.5/106.5/106.7/10
Motilal Oswal6.9/106.7/106.3/106.3/106.6/10

Affordable Robotic IPO Grey Market Premium

The grey market for an IPO generally opens 15 days before the official release of the IPO. Thus, for Affordable Robotic the grey market must have opened and the IPO would have been on trade already. The grey market generally works on kostak rates which includes a grey market premium as well. The IPO for Affordable Robotic  is already being traded in grey market and the prices are on premium as well.


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