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Airo Lam IPO is a book build issue of ₹15.21 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹15.21 crore.
Airo Lam IPO bidding started from Sep 25, 2017 and ended on Sep 27, 2017. The shares got listed on NSE SME on Oct 6, 2017.
Airo Lam IPO price band is set at ₹38.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,28,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Airo Lam IPO RHP for detailed Information.
| IPO Date | September 25, 2017 to September 27, 2017 |
| Listing Date | October 6, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹38 per share |
| Issue Price Final | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,02,000 shares (aggregating up to ₹15.21 Cr) |
| Reserved for Market Maker | 2,10,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.7980 Cr) |
| Net Offered to Public | 37,92,000 shares (aggregating up to ₹14.41 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
Airo Lam IPO offers total 40,02,000 shares. Out of which 18,96,000 (47.38%) allocated to NII, 18,96,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,10,000 (5.25%) |
| NII (HNI) Shares Offered | 18,96,000 (47.38%) |
| Retail Shares Offered | 18,96,000 (47.38%) |
| Total Shares Offered | 40,02,000 (100.00%) |
Airo Lam IPO opens on September 25, 2017, and closes on September 27, 2017.
| IPO Open Date | Mon, Sep 25, 2017 |
| IPO Close Date | Wed, Sep 27, 2017 |
| Tentative Listing Date | Fri, Oct 6, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 27, 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 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
Incorporated in 2007, Airo Lam Limited manufactures and markets a range of hi pressure decorative laminates in India and internationally. They offers laminated sheets, pre-laminated boards, and laminated floorings under the various brands, such as Classico, Airolam, I-Lam, Airolite, Airoline, I-Lite, Premium Airodoor, Airodoor, Airo Flexi, Airo xterior, Airo Digilam, etc. Company's products mainly used in the kitchen furniture, workshops, bathroom furniture, interior doors, counter tops, and interior wall linings.
They serves homes, offices, libraries, schools, colleges, universities, hospitals, laboratories, hotels, restaurants, shopping malls, food courts, store interiors, or airports through a network of dealers. The company also exports its products to various countries including the UAE, Syria, Kuwait, Bangladesh, Dubai, Singapore, Iran, etc. At present they have around 70 distributors and 4 stock points across the country.
The Company Airo Lam 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 Requirements | 12.65 |
| 2 | General Corporate Purpose | 1.81 |
[Dilip Davda] Considering fully priced issue, risk savy cash surplus investors may consider it for long term. Read detail review...
| Listing Date | October 6, 2017 |
| BSE Script Code | |
| NSE Symbol | AIROLAM |
| ISIN | INE801L01010 |
| Final Issue Price | ₹38 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹45.60 |
| Low | ₹45.60 |
| High | ₹45.60 |
| Last Trade | ₹45.60 |
Airo Lam Ltd.
Survey No. 355,
Nananpur Road, N.H. No.8,
Village- Dalpur , Tahsil-Prantij -
Prantij, Gujarat, 383120
Phone: +91 2770-240572
Email: info@airolam.com
Website: http://www.airolam.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: airolam.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Airo Lam IPO is a SME IPO of 40,02,000 equity shares of the face value of ₹10 aggregating up to ₹15.21 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on September 25, 2017, and closes on September 27, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Airo Lam IPO using UPI as a payment gateway. Zerodha customers can apply in Airo Lam IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Airo Lam IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Airo Lam IPO opens on September 25, 2017 and closes on September 27, 2017.
Airo Lam IPO lot size is 3000, and the minimum amount required for application is ₹1,14,000.
You can apply in Airo Lam 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 Airo Lam IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Airo Lam IPO allotment status.
The Airo Lam IPO listing date is on Friday, October 6, 2017.
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