Airo Lam IPO

Airo Lam IPOBusiness description from prospectus – Incorporated in 2007, Airo Lam is engaged in manufacturing of Hi Pressure decorative laminates. Its registered office and manufacturing unit is situated at Survey No. 355, Nananpur Road, N.H. No. 8, Village: Dalpur, Ta. Prantij, Himmatnagar, Sabarkantha, Gujarat- 383120.

The company has distribution network and operates through more than 70 distributors and 4 stock points at Bangalore, Mumbai, Kolkata and Bhuvneshwar. The stock point at Bhuvneshwar has been shut down with effect from September 7, 2017 and as of now the Company has only 3 stock points. It has an established customer base in Gujarat, Madhya Pradesh, Rajasthan, Chhattisgarh, Haryana, Punjab, Uttar Pradesh, Maharashtra, Tamilnadu, Jammu & Kashmir, Himachal Pradesh, Chandigarh, Delhi, West Bengal, Odisha, Jharkhand, Kerala, Goa, Andhra Pradesh and (Telangana), Karnataka.

Promoters of Airo Lam – Pravinbhai N. Patel, Sureshbhai Patel, Pravinbhai A. Patel, Prafulkumar Patel, Daxesh Raval

Airo Lam IPO details

Subscription Dates 25 – 27 September 2017
IPO Price band INR36 – 38 per share
Fresh issue 4,000,000 shares (INR14.40 – 15.20 crore)
Offer for sale Nil
Total IPO size 4,000,000 shares (INR14.40 – 15.20 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Airo Lam’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 55.2 64.2 67.2 64.1 71.5
Total expenses 53.1 62.0 64.9 61.6 68.6
Profit after tax 1.4 1.5 1.6 1.7 1.9

Airo Lam Limited
Survey No. 355, Nananpur Road
N.H. No.8, Village- Dalpur
Tahsil-Prantij, Gujarat – 383 120

Phone: +91 2770 240 572
Email: [email protected]


Subscription (no. of times)

Day 1 0.05
Day 2 1.02
Day 3 30.86


Earnings Per Share (EPS): INR1.72

Price/Earnings (P/E) ratio: 20.93 – 22.09

Return on Net Worth (RONW): 11.02%

Net Asset Value (NAV): INR15.59 per share

Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Maharashtra, India

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]

Airo Lam IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 25 September 2017

IPO Closing Date: 27 September 2017

Listing Date: 6 October 2017

Listing Price on NSE SME: INR45.6 per share (up 20% from IPO price)

Closing Price on NSE SME: INR45.6 per share (up 20% from IPO price)


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