Business 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
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Airo Lam IPO details |
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| 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]
Website: www.airolam.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 1.02 |
| Day 3 | 30.86 |
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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:Â [email protected]
Website:Â http://www.linkintime.co.in
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:Â INR45.6 per share (up 20% from IPO price)
