Let’s have a detailed review of the company and analytics of the Aplab Rights Issue offer open date, Term of payment, Aplab Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Issue PriceRs 10
Listing AtBSE
Min. Lot Size[●] Eq Shares
Record DateTuesday, June 08, 2021
Issue Size (Rs.)Rs 500 Lakhs
Shares for Issue50,00,000 Eq Shares
Rights entitlement1 Rights Equity Share for every 1 fully paid-up Equity
Share

Aplab Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.


Aplab Rights Issue – Summary

Aplab Rights IssueTheir Company, Aplab Limited (the “Company” or the “Issuer” or “APLAB”) was originally incorporated on September 30, 1964, in Mumbai under the Companies Act 1956, in the name of ‘Applied Electronics Limited’ with the Registrar of Companies (“RoC”), Mumbai.

On October 06, 1994, the name of their Company was changed to the present name ‘Aplab Limited’, and a fresh certificate of incorporation was obtained

The Promoter of this company is PRABHAKAR SHANKAR DEODHAR. The lead manager to the issue is NA, and the Registrar to this issue is Adroit Corporate Services Private Limited.


Aplab Rights Issue Date

The opening and the closing date of the IPO of Aplab Limited are JUNE 17, 2021, and JULY 01, 2021Respectively.


Aplab Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Aplab Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
June 17, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsJune 25, 2021
Issue Closing DateJuly 01, 2021
Finalizing the basis of allotment with the Designated Stock Exchange July 05, 2021
Record dateJune 08, 2021
Date of AllotmentJuly 07, 2021
Credit of Shares to Demat AccountJuly 08, 2021
Share Listing Date July 09, 2021

Aplab Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.10 per Eq share. 


Aplab Rights Issue Equity Size

This Initial Public Issue of 50,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs 500 Lakhs.


Aplab Rights Issue – Live Performance

The listing date of this IPO is  July 09, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Aplab Share Price

Aplab Rights Issue – Company Overview

During the year 2010, The Company entered into a Scheme of Arrangement whereby their Company acquired the Managed Printing Solutions business from Aplab India Limited

Thereafter, it had changed its name from Datanet Systems Limited to Aplab Ltd in December 2011. In the year 2012, Aplab Limited acquired the Printing Business division of WeP Peripherals Limited through a Scheme of Arrangement in order to expand and provide both its Enterprise and Channel customers, a bouquet of Printing Products, Solutions, and Services.

Over the past 10 years, WeP now has a diversified portfolio of business lines with 3 business units viz. WeP Managed Printing Services (MPS), WeP Digital, and WeP Retail Printing Services.


Aplab Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR)
31-Mar-2031-Mar-19
Total Assets93,51,92,8891,03,23,74,632
*Total Revenue5159,50,0905321,41,451
Total Expense51,87,87,4055352,99,007
Profit After Tax25,79,483590,14,339

Earnings per Equity Share (in Lakhs)

31-Mar-2031-Mar-19
Basic0.5211.80
Diluted0.5211.80

Financial Performance:

Their revenue from operations for the FY 2019-20 was Rs. 5,159.50 Lakhs as compared to Rs. 5,321.41 Lakhs for the FY 2018-19, representing an / decrease of 3.04 %. This is primarily due to the sudden stoppage of manufacturing and sale activities on March 20, 2020, due to lockdown announced for the covid 19 pandemic.

Their total expenditure for FY 2019-20 was Rs. 5,481.14 Lakhs as compared to Rs. 6,504.79 Lakhs for the FY 2018-19, representing a decrease of 15.74%.


Aplab Rights Issue – Promoters

The Promoters of this company are:

  1. PRABHAKAR SHANKAR DEODHAR

List of Related Parties (Key Managerial Personnel)

  • Prabhakar Shankar Deodhar, Chairman & Managing Director
  • Amrita Prabhakar Deodhar Designation, Director
  • Shailendra Kumar Hajela, Director
  • DineshKumarAmrutlal Kotecha, Director

Aplab Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 50,00,000 Equity Shares
Rights Entitlement1 Rights Equity Share for every 1 fully paid-up Equity
Share held on the Record Date
Record DateTuesday, June 08, 2021
Issue Price per Rights Equity SharesRs.10/-
Issue Size Rs 500 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue50,00,000 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to 1,00,00,000 Equity Shares

Aplab Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

  1. To repay the loan availed from Bank of Baroda; and

2. General corporate purposes

Aplab – Business Strategy

  • To take over, purchase, or acquire all or any of the undertaking, property, and assets of the business
  • To carry on the business of manufacture of electronic and other instruments
  • Carry on the business of electricians, electrical engineers, and manufacturers of all kinds of electrical machinery
  • To carry on the business of manufacturers of and dealers in chemicals of any nature
  • To promote, establish, acquire and run or otherwise carry on the business of any plastic on the rubber industry

Aplab Rights Issue Lead Managers

Lead Managers
NA

Aplab Issue Registrar to offer

Registrar to the Offer
Adroit Corporate Services Private Limited
18-20, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka,
Andheri (E), Mumbai, Maharashtra – 400059, India
Tel: 022 – 42270400;
E-mail:info@adroitcorporate.com
Website: www.adroitcorporate.com
Investor grievance e-mail: info@adroitcorporate.com
Contact Person: Mr. N. Surreash
SEBI Registration No.: INR000002227

Aplab Issue – Other Details

  • Statutory Auditor – M/s. Puranik Kane & Co., Chartered Accountant
  • Legal Counsel to the Company – NA
  • Bankers to the Company – NA


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    Aplab Limited Rights Issue News

    News 1 – Aplab Rights Issue Draft Download

    News 2 –  Aplab Issue Letter of Offer


    Aplab Rights Issue Review FAQs

    Where to download the Aplab Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Aplab Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Aplab Issue?

    Application forms of Aplab Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check the Aplab Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Aplab Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Aplab Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.10 per Equity Share through Aplab Rights Issue.

    Who is the registrar to Aplab Rights Issue?

    Registrar, as chosen by Aplab is Adroit Corporate Services Private Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Aplab Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Aplab Rights Issue is all set to open on June 17, 2021.

    When the Aplab Rights Issue is closing?

    While, the offer would open on June 17, 2021, it is most likely scheduled to close on July 01, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on Aplab Rights Issue.

    What is the Aplab Rights Issue size?

    Aplab Rights Issue is a proposal to raise 50,00,000 Equity shares, aggregating to Rs 500 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Aplab Rights Issue Lead manager?

    A designated underwriter or lead manager of Aplab Rights Issue is NA. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Aplab Rights Issue?

    There are a bunch of important dates regarding the Aplab Rights Issue, which you need to know about. The priority should be the Record Date of JUNE 08, 2021., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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