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Airan IPO is a fixed price issue of Rs 14.85 crores.
Airan IPO bidding started from March 14, 2017 and ended on March 16, 2017. The shares got listed on NSE SME on March 24, 2017.
Airan IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Swastika Investmart Ltd is the book running lead manager of the Airan IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Airan IPO RHP for detailed information.
| IPO Date | March 14, 2017 to March 16, 2017 |
| Listing Date | March 24, 2017 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,300,000 shares (aggregating up to ₹14.85 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Incorporated in 1995, Airan Ltd engaged in the activities of computer coaching. Currently the company is in 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.
During the year 2004-2014, Company have been appointed as sole coordinators for locations in Gujarat & Rajasthan State for Cash Management Services (CMS) operations of various banks and also providing services related to clearing operations for Citibank NA across their 9 locations in Western India. Company also develops customized software applications including modification in software application for its clients.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Oct-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 3,716.90 | 3,053.22 | 2,979.99 | 2,286.86 | 1,969.07 | 1,940.76 |
| Total Revenue | 1,740.71 | 2,688.00 | 1,957.73 | 1,457.43 | 1,173.52 | 1,073.40 |
| Profit After Tax (PAT) | 129.06 | 144.67 | 81.40 | 86.26 | 81.20 | 69.54 |
The objects of the Issue are:
1. To meet Working Capital Requirement;
2. To meet Capital Expenditure;
3. General Corporate Purpose;
4. To Meet Public Issue Expenses.
[Dilip Davda] Only risk savvy cash surplus investors may consider investment for long term. Read detail review...
The Airan IPO is subscribed times on March 16, 2017 6:15:00 PM. 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) |
|---|
| Listing Date | March 24, 2017 |
| BSE Script Code | |
| NSE Symbol | AIRAN |
| ISIN | INE645W01018 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹54.00 |
| ₹51.35 |
| ₹54.00 |
| ₹53.85 |
Airan Ltd
408, Kirtiman Complex,
B/h Rembrandt, C.G Road,
Ahmedabad – 380 006
Phone: +91 – 79 – 2646 2233
Email: shares@airanlimited.in
Website: http://www.airanlimited.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide 
Airan IPO is a SME IPO of 3,300,000 equity shares of the face value of ₹10 aggregating up to ₹14.85 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 14, 2017, and closes on March 16, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Airan IPO opens on March 14, 2017 and closes on March 16, 2017.
Airan IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Airan IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Airan IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Airan IPO allotment status.
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