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* - Tentative Dates
The company proposes to utilize the net proceeds from the Issue towards funding the following objects.
1. To invest in Aerpace Supercars Pvt Ltd. to finance its Capital Expenditure;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
Aerpace Industries Limited's revenue increased by 3791.24% and profit after tax (PAT) rose by 211.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5.81 | 5.30 | 3.54 | 3.80 |
| Revenue | 0.72 | 2.04 | 0.05 | 2.44 |
| Profit After Tax | -0.64 | 0.13 | -0.12 | 0.06 |
| Net Worth | 2.90 | 4.04 | 3.40 | 3.64 |
| Reserves and Surplus | -0.25 | 0.39 | 0.29 | 0.41 |
| Total Borrowing | 1.31 | 0.24 | 0.07 | |
| Amount in ₹ Crore | ||||
Aerpace Industries Limited was originally incorporated on March 04, 2011. Aerpace is a national flight system for intra-city and inter-state travel, fully developed and designed to provide an unparalleled travel experience. This idea is expected to bring about positive changes in the environment, travel time management, land utilization and resource optimization. To improve transportation in India, aerospace conducted a study on the existing model for analyzing travel demand between cities and states. The result was a combined model for road and air transport that promises to be the most convenient, economical and comfortable mode of transportation.
The promoters have experience in various industries, including software and IT, networking, real estate, wholesale and retail glass and glassware, and related consulting. A dedicated management team leads them with several years of industry experience. The company believes that its leadership team can leverage its market position and collective compliance experience and knowledge to execute its business strategies and drive future growth.
The company is committed to investing in future technologies by entering into partnership agreements and investing in companies working on technologically advanced solutions.
