IPO DETAILS : Affordable Robotic & Automation Ltd.
Village Wadki, Gat No. 1209, Taluka Haveli, Pune District, Maharashtra - 412308

Public Issue of 2681600 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 75.00 per share.

Issue Open DateIssue Closing DateApplication MoneyAllotment Money
24/05/201828/05/201885.00 -
Lead Managers Registrar Listed at
Link Intime India Pvt. Ltd.
C-101, 1st Floor,
247 Park, L.B.S. Marg,, Vikhroli (West),
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
Object of the issue

We intend to utilize the Net Proceeds from Issue towards the following objects:

1. Purchase of New Plant and Machinery

2. Repayment of certain Long Term Borrowings availed by the company

3. Funding the Working Capital requirements of the company

4. General Corporate Purposes


Promoted by

The Promoters of the company are Mr. Milind Padole and Mr. Manohar Padole.

1. Mr. Milind Padole: aged 45 years is the Promoter and Managing Director of our Company. He has been a director of the company since its inception viz., January 12, 2010 and has been designated as Managing Director w.e.f February 1, 2018.He has completed his Bachelor of Engineering in Production from Mumbai University. He has more than twenty years of work experience in field ranging from engineering and design, process study, robotic application, offline programming, assembly, material handling design, offline programming, project management, bulk storage and system design etc. He looks after the research and development along with the new product development.

Nationality: Indian

Passport No: P6332312

Driving License: MH-12 20140032340

Voters ID: XCT7283989

2. Mr. Manohar Padole: aged 75 years is the Promoter and Whole-time Director of the company. He has been a director of the company since its inception viz., January 12, 2010 and has been designated as the Whole-time Director w.e.f February 1, 2018. He is a graduate and has more than forty five years of work experience in administration. Further, he looks after the business development, finance and formulation of overall strategy for growth and future prospects of the Company.

Nationality: Indian

Passport No: J2779697

Driving License: Not Available

Voters ID: XCT7284706