Airan Limited IPO


Airan Limited IPO


Airan Limited IPO

Airan Limited offers 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. The company offers several services to its clients such as Door Step Banking & Pickup Services, Address Verification & Credit Verification, Know Your Customer (KYC) spot audit, pickup of forms from the distributor‘s point, Document Management Services (DMS) to Airtel, Cash Management Services (CMS), Account Opening Form Processing, Back Office and Records Management. With a workforce of 495 employees, the company operates in the state of Gujarat.

Promoters of Airan Limited – Airan Network Private Limited, Sandeepkumar Agrawal, Poonam Agrawal

Airan Limited IPO details

Subscription Dates 14 – 16 March 2017
IPO Price band INR45 per share
Fresh issue 3,300,000 shares (INR14.85 crore)
Offer for sale Nil
Total IPO size 3,300,000 shares (INR14.85 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge


Airan Limited’s financial performance (in INR crores)


FY2013 FY2014 FY2015


Total revenue


11.73 14.57 19.57


Total expenses


10.56 13.32 18.42


Profit after tax


0.81 0.86 0.81


Day Subscription (no. of times)
Day 1  1.46
Day 2  5.35
Day 3  27.6

Airan Limited
408, Kirtiman Complex, B/h Rembrandt,
C.G Road, Ahmedabad – 380 006, Gujarat

Phone: +91 79 2646 2233
Email: [email protected]

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
+91 40 2343 1551 
 [email protected]

Airan Limited IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.


IPO Opening Date: 14 March 2017

IPO Closing Date:  16 March 2017

Finalization of Basis of Allotment: 22 March 2017

Initiation of refunds: 23 March 2017

Credit of Equity Shares: 23 March 2017

Listing Date: 24 March 2017

Listing Price on NSE SME: INR54 per share (return of 20% on IPO price)

Closing Price on NSE SME: INR54 per share (return of 19.7% on IPO price)



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