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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)

   

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

 

 

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

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