About the Company:
Affordable Robotic and Automation Ltd was started in year 2005 is in the business of providing turnkey automation solution to automotive, semi-automotive and manufacturing industries.
Company programs and automates the functions of machines used in manufacturing process of 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.
Company’s customers in automation business are mostly Automobile industries who uses their automation solution in their manufacturing processes. Apart from providing automation solutions, they also manufacture Special Purpose Machine (SPM) as per the requirement of the customers.
Company is also in the business of assembling and installing automatic multi-level car parking system. This system is preferred by residential complexes, shopping malls and commercial buildings.
Foreseeing the growth in car-parking business, Company by using its automation business expertise has ventured now into automated car parking segment which has allowed the Company to gain renowned clients in its initial phase of the business.
They are providing various types of parking facility, namely, Mechanical, Hydraulic, Puzzle, Rotary parking giving their customers a variety of parking options suitable to their needs.
Company has presence in Mumbai and Pune in automated car-parking business. Further, in FY 2017-18, 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.
Company’s Expansion Plans:
Company’s facility is located at Pune and is spread over an area of approx. 2 acres which accommodates both office and manufacturing facility. Out of which, the Pune facility has 1 acre of unused land, Company plans to use this surplus land for expansion of the shop floor which would enable us to take projects which necessitates the use of larger production line for trial.
With the expansion of shop floor, Company would also be able to dedicate an area for multi-level car parking automation business. With expanded facility, Company intends to take a larger leap in expanding the business.
Product wise Revenue Breakup: (in Lakhs)
Management Team:
- Mr. Manohar Padole (Designation: Whole-time Director)
- Mr. Milind Padole (Designation: Managing Director)
- Mr. Rahul Padole (Designation: Non Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Milind Manohar Padole | 31,24,600 | 0.40 |
| Manohar Pandurang Padole | 31,24,900 | 0.40 |
Objectives of the Issue:
- Purchase of New Plant and Machinery;
- Repayment of certain Long Term Borrowings availed by the Company;
- Funding the Working Capital requirements of our Company.
- General Corporate Purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Purchase of New Plant and Machinery | 4.18 |
| Working Capital Requirements of the Company | 19.42 |
| Repayment of certain Long Term Borrowings | 4.49 |
| General Corporate Expenses | 3.08 |
| Net Proceeds | 31.17 cr |
Peer Group Comparison:
We believe that there are no listed Companies in India which are engaged in the business of providing turnkey automation solution to automotive, semi-automotive and manufacturing industries.
Further there are no listed entities which are focused exclusively on the segment in which Affordable Robotic and Automation Ltd operates. Hence, it is not possible to provide an industry comparison in relation to the Company.
Positives for the Company:
Provides Complete solution.
There are very few players who provide a complete automation solution and Company plan to tap the growing need of automation by providing complete automation solution to their customers by capitalising their technical expertise in automation business.
Tapping Foreign Markets.
To be successful in automation service industry, it is a pre-requisite to have presence in countries which have huge amount of manufacturing activity. Apart from India, countries such as China and Brazil is a big market for automation solution service, manufacturing activity in these countries are enormous and they possess growth opportunities.
Hence Company plans to tap these markets in near future by expanding the operations at China and setting up a marketing team for Brazil.
Presence across Automobiles Sector.
Company provides turnkey automation solution across automobile segment covering 2/3/4 wheelers vehicles. Presence across the sector have created a brand image for the company and is now a trusted player for automobile automation. This benefits them in getting marquee clients.
Growing multi-level car Parking Business.
Within a short span of time, company has become among the top players in car parking business in Mumbai. With our experience in industrial automation business, catering into multi-level car parking business has been comparatively easier for them and increasing share of revenue from this profitable business.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st Dec 17 |
|---|---|---|---|---|---|---|
| Revenue | 17.27 | 24.23 | 25.95 | 47.09 | 46.70 | 41.42 |
| Net Profit | 0.43 | 0.81 | 0.14 | 1.22 | 3.76 | 3.71 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 24th May 2018 |
| Issue Closes on:. | 28th May 2018 |
| Issue Price | Rs.85 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,36,000 |
| Issue Constitutes | 36.07% |
| Issue Size | Rs.31.17 cr |
| Market Cap | Rs.86.40 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 36,67,200 |
| Equity Shares Prior to the Issue | 64,98,000 |
| Equity Shares after the Issue | 1,01,65,200 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | 24/5 | Day-2 | Day-3 | Day-4 |
|---|---|---|---|---|---|
| HNI | 12,72,800 | 0.10 | |||
| Retail | 12,72,800 | 0.07 | |||
| Others | 1,36,000 | 0.00 | |||
| Employee | ——- | —– | |||
| TOTAL | 26,81,000 | 0.08 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt Equity Ratio |
|---|---|---|---|---|
| 5.95 | 14.28 | 55.84% | 11.03 | 0.93 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Company Contact Info: |
|---|
| Affordable Robotic & Automation Limited Village Wadki, Gat No.1209, Taluka Haveli, Dist. Pune – 412308, Maharashtra, India Tel.: +91 7720018914 Email: info@arapl.co.in Website: www.arapl.co.in |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Tel: +91 22 4918 6200 Investor GId: affordablerobotic.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700 Investor Grievance Id: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
