Airo Lam Ltd IPO

Airo Lam Ltd

Issue Open

Sep 25, 2017

Price Band

₹ 36 - ₹ 38

Issue Size

₹ 15.20 Cr

Credit of Shares to Demat

-

Issue Close

Sep 27, 2017

Bid Lot

3000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 06, 2017

Refunds

-

About the company:

 

Airo Lam Limited Manufactures Hi Pressures decorative laminates with wide ranges of designes. It has adequate machinery and handling equipment to facilitate smooth manufacturing process. Company is accredited with ISO 9001:2008 for quality assurance of international level. Company has distribution network and operates through more than 70 distributors and 4 stock points at Bangalore, Mumbai & Kolkata

Date of establishment: Airo Lam Limited was incorporated in 2007

 

Product & Service Offering: Company manufactures 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.

 

 

Promoters of Airo Lam Limited : The promoters of the company are:

 

1. Pravinbhai N. Patel
2. Sureshbhai Patel
3. Pravinbhai A. Patel
4. Prafulkumar Patel
5. Daxesh Raval

 

Customer segment: Company serves homes, offices, libraries, schools, colleges, universities, hospitals, laboratories, hotels, restaurants, shopping malls, food courts, store interiors, or airports through a network of dealers. Company also has presence in UAE, Syria, Kuwait, Bangladesh, Dubai, Singapore, Iran, etc.

 

Objects of the Issue: The objects of the Offer is to:-
-     To meet  Working Capital Requirement
-     To meet General Corporate Purpose 

 

Company Financials:

 

Airo Lam's financial performance (in INR crore)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

40.21

48.63

56.44

62.66

70.32

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

 

 

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