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Rights Issue Status: Closed [24th Sep 2024 to 4th Oct 2024]
A B Infrabuild Limited is offering a rights issue of Rs 09.95 Cr. The subscription period for this rights issue will be 24 Sept 2024 to 4 Oct 2024. The company issues entitlement of 01 Rights equity shares for every fully paid-up 08 equity shares held on the record date of 17 May 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 18 per share.
Stay connected with us to more about A B Infrabuild Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects:
| A B Infrabuild Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 0.55 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹9.95 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹18 per share |
| Rights Issue Record Date | 17th May 2024 |
| Rights Issue Entitlement | 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Full amount of Rs. 18 per Equity Share is payable on application. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | ABINFRA |
In this section we have covered all important dates related to A B Infrabuild Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 24th Sep 2024 |
| Rights Issue Issue Close Date | 4th Oct 2024 |
| Basis of Allotment Finalisation Date* | 10th Oct 2024 |
| Refunds Initiation* | 27th Sep 2024 |
| Credit of Shares to Demat Account* | 16th Oct 2024 |
| Rights Issue Listing Date* | 21st Oct 2024 |
* - Tentative Dates
Zerodha Trade@20
A B Infrabuild Limited was founded in March 2011. The company provides various services such as civil works, new station infrastructure, renovation of old stations, new railroad lines, gauge conversion, sidings, track construction etc. The company is active in areas such as the construction of steel loop bridges, the construction of railroad infrastructure and road construction contracts (BOT and turnkey).
The company also has a ready-mix concrete plant with a state-of-the-art facility in Thane. The plant has a fleet of 15 ready-mix concrete mixers and tippers and has received the RMC Manufacturers’ Association certificate of conformity.
The decline in sales in the RMC segment is mainly due to the fact that the company is making slow progress in this segment as bad debts are increasing. The company has scaled down its RMC business and is focusing on its core business i.e. rail transportation and BMC contracts.
Major clients include Municipal Corporation of Greater Mumbai, Theystern Railway, Central Railway, Mumbai Railway Vikas Corporation Ltd, Mumbai Metropolitan Region Development Authority, Dedicated Freight Corridor Corporation of India Ltd, Sky Way Infrastructure Private Limited, Dev Engineers, GCC Hotel Private Ltd and Krypton Corp.
Past performance and financial results of A B Infrabuild .
A B Infrabuild Limited's revenue increased by 49% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 156.62 | 125.24 | 103.1 | 113.44 | ||||||||||||||||||||||||||||||||||||
| Revenue | 184.49 | 123.79 | 64.6 | 62.45 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 11.42 | 7.54 | 0.86 | -2.23 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
A B Infrabuild Rights Issue Offer Document (Letter of Offer) >>Document
A B Infrabuild Rights Issue Offer Document (Letter of Offer) >>A B Infrabuild Rights Issue Red Herring Prospectus is not yet available.
A B Infrabuild Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
A B Infrabuild Rights Issue Online Application (Registrar & Transfer Agent) >>A B Infrabuild Rights Issue RTA information is not yet available.
Last Updated on 2024-10-05T05:32:46+00:00
