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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.
The promoters of the company are:
1. Pravinbhai N. Patel
2. Sureshbhai Patel
3. Pravinbhai A. Patel
4. Prafulkumar Patel
5. Daxesh Raval
The object of the issue are:
1. Funding the working capital requirements of the Company
2. General Corporate Purpose
| IPO Opening Date | Sep 25, 2017 |
| IPO Closing Date | Sep 27, 2017 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 to ₹38 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 4,000,000 Eq Shares of ₹10 (aggregating up to ₹15.20 Cr) |
The Airo Lam IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹114,000 |
| Maximum | 1 | 3000 | ₹114,000 |
The Airo Lam IPO is subscribed times on Sep 27, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Friday, October 6, 2017 |
| BSE Script Code | |
| NSE Symbol | AIROLAM |
| Listing In | |
| ISIN | INE801L01010 |
| IPO Price | ₹38 per equity share |
| Face Value | ₹10 per equity share |
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Airo Lam Ltd
Survey No. 355,
Nananpur Road, N.H. No.8,
Village- Dalpur , Tahsil-Prantij - 383 12
Phone: +91 2770-240572
Email: info@airolam.com
Website: http://www.airolam.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: airolam.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Airo Lam IPO is a SME IPO of 4,000,000 equity shares of the face value of ₹10 aggregating up to ₹15.20 Crores. The issue is priced at ₹36 to ₹38 per equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Sep 25, 2017, and closes on Sep 27, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Airo Lam IPO opens on Sep 25, 2017 and closes on Sep 27, 2017.
Airo Lam IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Airo Lam 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, Edelweiss, ICICI Bank, 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.
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