Bookbuilding IPO | ₹15 Cr | Listed at NSE SME | Mon, Sep 25, 2017 - Wed, Sep 27, 2017
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,14,000 (3000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 25, 2017
IPO Close
Wed, Sep 27, 2017
Issue Price
₹38 per share
Market Cap (Pre-IPO)
₹57.00 Cr
| IPO Date | 25 to 27 Sep, 2017 |
| Listed on | Fri, Oct 6, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹38 |
| Issue Price | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 40,02,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 2,10,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.7980 Cr) |
| Fresh Issue (Ex Market Maker) | 37,92,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 37,92,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
| NSE Symbol | AIROLAM |
| ISIN | INE801L01010 |
Airo Lam IPO comprises a total issue size of 40,02,000 shares. The net offer to the public is 37,92,000 shares, after excluding 2,10,000 shares allotted on a firm basis. Of the Net offer 18,96,000 (50.00%) allocated to NII 18,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,96,000 | 50.00% | 47.38% |
| Retail Shares Offered | 18,96,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,10,000 | 5.25% | |
| Total Shares Offered | 40,02,000 | 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 | ₹1,14,000 |
| 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.
| 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 Requirements | 12.65 |
| 2 | General Corporate Purpose | 1.81 |
The Airo Lam IPO is subscribed [.] times on September 27, 2017 5:00:00 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 expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.50 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹45.60 |
| Low | ₹45.60 |
| High | ₹45.60 |
| Last Trade | ₹45.60 |
Lead Manager Reports
Airo Lam IPO is a SME IPO of 40,02,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Sep 25, 2017, and closes on Wed, Sep 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 Mon, Sep 25, 2017 and closes on Wed, Sep 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 Fri, Oct 6, 2017.
