Airo Lam Ltd IPO

Add to Calendar 2017-09-25 12:00 AM 2017-09-27 12:00 AM Asia/Kolkata Airo Lam Ltd IPO Airo Lam Ltd India


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)







Total Assets







Total revenue







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Issue Detail

  • Issue Open: Sep 25, 2017
  • Issue Close: Sep 27, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 36 - Rs 38 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 15.20 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Day 0 - Sep 25, 2017IST 0 0 189,000 - - 189,000
Day 1 - Sep 26, 2017IST 0 1,941,000 2,124,000 - - 4,065,000
Day 2 - Sep 27, 2017IST 0 107,664,000 16,314,000 - - 123,978,000

Listing Day Trading Information

Issue Price - Rs 38.00
Open - Rs 45.60
Low - Rs 45.60
High - Rs 45.60
Last Trade - Rs 45.60
Volume - 117,000

Airo Lam Ltd Red Herring Prospectus

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