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Airan IPO is a fixed price issue of ₹14.85 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹14.85 crore.
Airan IPO bidding started from Mar 14, 2017 and ended on Mar 16, 2017. The shares got listed on NSE SME on Mar 24, 2017.
Airan IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Swastika Investmart Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
| IPO Date | March 14, 2017 to March 16, 2017 |
| Listing Date | March 24, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,00,000 shares (aggregating up to ₹14.85 Cr) |
| Reserved for Market Maker | 1,68,000 shares Beeline Broking Ltd. (aggregating up to ₹0.7560 Cr) |
| Net Offered to Public | 31,32,000 shares (aggregating up to ₹14.09 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 92,02,000 shares |
| Share Holding Post Issue | 1,25,02,000 shares |
Airan IPO offers total 33,00,000 shares. Out of which 15,66,000 (47.45%) allocated to NII, 15,66,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,68,000 (5.09%) |
| NII (HNI) Shares Offered | 15,66,000 (47.45%) |
| Retail Shares Offered | 15,66,000 (47.45%) |
| Total Shares Offered | 33,00,000 (100.00%) |
Airan IPO opens on March 14, 2017, and closes on March 16, 2017.
| IPO Open Date | Tue, Mar 14, 2017 |
| IPO Close Date | Thu, Mar 16, 2017 |
| Tentative Listing Date | Fri, Mar 24, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 16, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 1995, Airan Ltd engaged in the activities of computer coaching. Currently the company is in Information Technology (IT) and Information Technology (IT) enabled services including Banking transaction processing services and Document management services for telecommunication companies, internet services provider, payment banks etc.
During the year 2004-2014, Company have been appointed as sole coordinators for locations in Gujarat & Rajasthan State for Cash Management Services (CMS) operations of various banks and also providing services related to clearing operations for Citibank NA across their 9 locations in Western India. Company also develops customized software applications including modification in software application for its clients.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Oct-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 3,716.90 | 3,053.22 | 2,979.99 | 2,286.86 | 1,969.07 | 1,940.76 |
| Total Revenue | 1,740.71 | 2,688.00 | 1,957.73 | 1,457.43 | 1,173.52 | 1,073.40 |
| Profit After Tax (PAT) | 129.06 | 144.67 | 81.40 | 86.26 | 81.20 | 69.54 |
The Company Airan IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 9.61 |
| 2 | Capital Expenditure | 2.04 |
| 3 | General Corporate Purpose | 2.70 |
| 4 | Public Issue Expenses | 0.50 |
[Dilip Davda] Only risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | March 24, 2017 |
| BSE Script Code | |
| NSE Symbol | AIRAN |
| ISIN | INE645W01018 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹54.00 |
| Low | ₹51.35 |
| High | ₹54.00 |
| Last Trade | ₹53.85 |
Airan Ltd.
408, Kirtiman Complex,
B/h Rembrandt,
C.G Road
Ahmedabad, Gujarat, 380006
Phone: +91 – 79 – 2646 2233
Email: shares@airanlimited.in
Website: http://www.airanlimited.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Airan IPO is a SME IPO of 33,00,000 equity shares of the face value of ₹10 aggregating up to ₹14.85 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on March 14, 2017, and closes on March 16, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Airan IPO using UPI as a payment gateway. Zerodha customers can apply in Airan IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Airan IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Airan IPO opens on March 14, 2017 and closes on March 16, 2017.
Airan IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Airan IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Airan IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Airan IPO allotment status.
The Airan IPO listing date is on Friday, March 24, 2017.
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