Airan Limited IPO

Airan Limited IPO

 

Airan Limited IPO

Airan Limited offers 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. The company offers several services to its clients such as Door Step Banking & Pickup Services, Address Verification & Credit Verification, Know Your Customer (KYC) spot audit, pickup of forms from the distributor‘s point, Document Management Services (DMS) to Airtel, Cash Management Services (CMS), Account Opening Form Processing, Back Office and Records Management. With a workforce of 495 employees, the company operates in the state of Gujarat.

Promoters of Airan Limited – Airan Network Private Limited, Sandeepkumar Agrawal, Poonam Agrawal

Airan Limited IPO details

Subscription Dates14 - 16 March 2017
IPO Price bandINR45 per share
Fresh issue 3,300,000 shares (INR14.85 crore)
Offer for sale Nil
Total IPO size3,300,000 shares (INR14.85 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge

 

Airan Limited's financial performance (in INR crores)

FY2012

FY2013FY2014FY2015

FY2016

Total revenue

10.73

11.7314.5719.57

26.88

Total expenses

9.49

10.5613.3218.42

24.90

Profit after tax

0.69

0.810.860.81

1.45

DaySubscription (no. of times)
Day 1 1.46
Day 2 5.35
Day 3 27.6

Airan Limited
408, Kirtiman Complex, B/h Rembrandt,
C.G Road, Ahmedabad – 380 006, Gujarat

Phone: +91 79 2646 2233
Email: [email protected]
Website: www.airanlimited.in

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
+91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Airan Limited IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

 

IPO Opening Date: 14 March 2017

IPO Closing Date:  16 March 2017

Finalization of Basis of Allotment: 22 March 2017

Initiation of refunds: 23 March 2017

Credit of Equity Shares: 23 March 2017

Listing Date: 24 March 2017

Listing Price on NSE SME: INR54 per share (return of 20% on IPO price)

Closing Price on NSE SME: INR54 per share (return of 19.7% on IPO price)

6 thoughts on “Airan Limited IPO

  • March 22, 2017 at 6:25 PM
    Permalink

    I have applied in airan ipo. What will be listing price??

    Reply
  • March 16, 2017 at 1:20 PM
    Permalink

    I like Airan company has a strong business. Pe ratio is not veryhigh 14.3

    Reply
  • March 15, 2017 at 9:48 PM
    Permalink

    How is Airan IPO? Tomorrow is the last day, good to apply?

    Reply
  • March 15, 2017 at 6:14 PM
    Permalink

    This needs active moderators and u guys need to start paying people to discuss here or else surrender to obilivion

    Reply

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