Affordable Robotic And Automation Limited Ipo

Affordable robotic and automation limited ipo

Affordable robotic & Automation Limited is a Pune based company engaged in delivering automation solution to automotive,semi-automotive and manufacturing sectors.

Affordable Robotic & Automation Limited IPO (Affordable Robotic Automation IPO) Detail/dd SHARMA/

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:

Particulars

For the year/period ended (in Rs.

Affordable robotic and automation limited ipo

Lakhs)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

5,390.96

3,239.97

2,285.85

1,670.49

916.22

 

Total Revenue

4,039.43

4,709.13

2,595.45

2,423.29

1,727.28

 

Profit After Tax

395.63

122.04

14.07

81.20

43.35