Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Tue, Mar 14, 2017 - Thu, Mar 16, 2017
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 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) (based on upper price). The minimum lot size for investment in 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..
Refer to Airan IPO RHP for detailed Information.
IPO Open
Tue, Mar 14, 2017
IPO Close
Thu, Mar 16, 2017
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹56.26 Cr
| IPO Date | 14 to 16 Mar, 2017 |
| Listed on | Fri, Mar 24, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 33,00,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,68,000 shares Beeline Broking Ltd. (agg. up to ₹0.7560 Cr) |
| Fresh Issue (Ex Market Maker) | 31,32,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 31,32,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 92,02,000 shares |
| Share Holding Post Issue | 1,25,02,000 shares |
| NSE Symbol | AIRAN |
| ISIN | INE645W01018 |
Airan IPO comprises a total issue size of 33,00,000 shares. The net offer to the public is 31,32,000 shares, after excluding 1,68,000 shares allotted on a firm basis. Of the Net offer 15,66,000 (50.00%) allocated to NII 15,66,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,66,000 | 50.00% | 47.45% |
| Retail Shares Offered | 15,66,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,68,000 | 5.09% | |
| Total Shares Offered | 33,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 9.61 |
| 2 | Capital Expenditure | 2.04 |
| 3 | General Corporate Purpose | 2.70 |
| 4 | Public Issue Expenses | 0.50 |
The Airan IPO is subscribed [.] times on March 16, 2017 6:15:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.39 |
| 2 | Printing & Stationery and Postage Expenses | 0.03 |
| 3 | Marketing and Advertisement Expenses | 0.03 |
| 4 | Regulatory fees and other expenses | 0.05 |
| 5 | Other Miscellaneous expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹54.00 |
| Low | ₹51.35 |
| High | ₹54.00 |
| Last Trade | ₹53.85 |
Lead Manager Reports
Airan IPO is a SME IPO of 33,00,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Mar 14, 2017, and closes on Thu, Mar 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 Tue, Mar 14, 2017 and closes on Thu, Mar 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 Fri, Mar 24, 2017.
