Airan Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,566,000 (47%) | — | ₹705 Cr |
| Retail | — | 1,566,000 (47%) | — | ₹705 Cr |
| Market Maker | — | 168,000 (5%) | — | ₹8 Cr |
| Σ Total | — | 3,300,000 (100%) | — | ₹14,850 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,045,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Oct-16 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 1,741 | 2,688 | 1,958 |
| Profit After Tax | 129 | 145 | 81 |
| Total Assets | 3,717 | 3,053 | 2,980 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirement – 9.61
- Capital Expenditure – 2.04
- General Corporate Purpose – 2.70
- Public Issue Expenses – 0.50
Company Overview
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.