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Rights Issue Status: Closed [26th Aug 2024 to 3rd Sep 2024]
A.f. Enterprises Limited is offering a rights issue of Rs 21.17 Cr. The subscription for this Rights Issue is opening from 26 Aug 2024 to 03 Sep 2024. The company issues entitlement of 03 Rights equity shares for every fully paid-up 02 equity share held on the record date of 16 Aug 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 10 per share.
Stay connected with us to more about A.f. Enterprises Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
| A.f. Enterprises Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 2.12 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹21.17 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹10 per share |
| Rights Issue Record Date | 16th Aug 2024 |
| Rights Issue Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Issue Price of Rs.10 per Equity Share is payable as Rs.2.50 on Application and Rs.7.50 on One or more subsequent Call(s). |
| Listing At | BSE |
| BSE Code | 538351 |
| NSE Code |
In this section we have covered all important dates related to A.f. Enterprises 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 | 26th Aug 2024 |
| Rights Issue Issue Close Date | 3rd Sep 2024 |
| Basis of Allotment Finalisation Date* | 10th Sep 2024 |
| Refunds Initiation* | 28th Aug 2024 |
| Credit of Shares to Demat Account* | 13th Sep 2024 |
| Rights Issue Listing Date* | 19th Sep 2024 |
* - Tentative Dates
Zerodha Trade@20
A.f. Enterprises Limited was founded in November 1983. Its business is the trade and manufacture of plastic mouldings under the brand name "RIDH". The brand "RIDH" is the trademark that stands for the entire product range.
The company is involved in the manufacture and sale of moulded plastic parts. Injection moulding is a shaping production technology, i.e. the material is transformed from an amorphous form into a solid form defined by a mould. Nowadays, almost every plastic part is produced by injection moulding, as it is possible to produce identical parts in large quantities, in a short time and at a very low cost per part.
The company has 35 injection moulding machines weighing between 100 and 850 tonnes, which can produce plastic parts weighing up to 3.5 kg. In addition to the machines, the company also has its own workshop and an R&D team for the development of new products.
The company has become a national entity as it is a complete innovation for its own type of products to be manufactured. They offer a wide range of plastic moulded parts in a systematic manner to ensure easy and accurate selection with the simultaneous advantage of providing the most cost-effective solutions to the customers.
Past performance and financial results of A.f. Enterprises .
A.f. Enterprises Ltd's revenue decreased by -68% and profit after tax (PAT) dropped by -202% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 134.68 | 152.64 | ||||||||||||||||||
| Revenue | 9.51 | 29.71 | ||||||||||||||||||
| Profit After Tax | -0.35 | 0.34 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
A.f. Enterprises Rights Issue Offer Document (Letter of Offer) >>Document
A.f. Enterprises Rights Issue Offer Document (Letter of Offer) >>A.f. Enterprises Rights Issue Red Herring Prospectus is not yet available.
A.f. Enterprises Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
A.f. Enterprises Rights Issue Online Application (Registrar & Transfer Agent) >>A.f. Enterprises Rights Issue RTA information is not yet available.
Last Updated on 2024-09-06T05:32:46+00:00
