Airan Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

14 Mar 2017

Close Date

16 Mar 2017

Allotment

22 Mar 2017

Listing Date

24 Mar 2017

Exchange

NSE SME

Price Band

₹45

Listing Price

See chart

Allotment Status

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Price Band

₹45

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

33,00,000 shares (aggregating up to ₹14.85 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

92,02,000 shares

Promoters

Post-IPO Holding

1,25,02,000 shares

Promoters

UPI Deadline

2017-03-16

Mandate

Anchor AllotmentMon, 13 Mar 2017

Basis of AllotmentWed, 22 Mar 2017

Refund InitiationThu, 23 Mar 2017

Demat CreditThu, 23 Mar 2017

Listing DayFri, 24 Mar 2017

UPI Mandate Deadline2017-03-16

Sale TypeFresh Capital

Net Offer to Public31,32,000 shares (aggregating up to ₹14.09 Cr)

Market Maker Quota1,68,000 shares (aggregating up to ₹0.7560 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Airan Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Mar 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	168,000	—	₹0.76
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,300,000	100%	₹14.85

IPO Shares Offered

Airan Ltd. IPO total issue size: ₹14.85 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	168,000	₹0.76	5.09%
Total	3,300,000	₹14.85	100.00%

* Based on upper price band ₹45 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹45.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹270,000
Retail (Max — 13 Lots)	13	39,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,180,000

* Issue Price ₹45 × Lot Size 3,000 shares

IPO Schedule

Anchor

13 Mar 2017

✓ Done

IPO Open

14 Mar 2017

✓ Done

IPO Close

16 Mar 2017

✓ Done

Allotment

22 Mar 2017

✓ Done

Refunds

23 Mar 2017

✓ Done

Demat Credit

23 Mar 2017

✓ Done

Listing Day

24 Mar 2017

✓ Done

₹45.00

INR · NSE

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Issue ₹45.00 Live Price

About Airan Ltd.

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.

Objects of the Issue

Working Capital Requirement

Capital Expenditure

General Corporate Purpose

Public Issue Expenses

Airan Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,957.7

31-Mar-15

₹2,688.0

31-Mar-16

₹1,740.7

31-Oct-16

Profit After Tax (PAT)

₹81.4

31-Mar-15

₹144.7

31-Mar-16

₹129.1

31-Oct-16

Particulars	31-Oct-16	31-Mar-16	31-Mar-15
Revenue from Operations	1740.71	2688.00	1957.73
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	129.06	144.67	81.40
Net Worth	N/A	N/A	N/A
Total Assets	3716.90	3053.22	2979.99
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered33,00,000 (100.00%)

Net Offer to Public31,32,000 shares (aggregating up to ₹14.09 Cr)

Reserved for Market Maker1,68,000 shares (aggregating up to ₹0.7560 Cr)

Pre-Issue Promoter Holding92,02,000 shares

Post-Issue Promoter Holding1,25,02,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

einward.ris@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Swastika Investmart Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Airan Ltd. IPO subscribed? ▲

Airan Ltd. IPO is subscribed 1.00 times by Mar 16, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Airan Ltd. IPO retail subscription status? ▼

The Airan Ltd. IPO retail category is subscribed 1.00 times as of 16 Mar 2017. The retail portion is oversubscribed.

How to subscribe Airan Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 14 Mar 2017 and closes 16 Mar 2017. Min investment: ₹135,000 (1 lot = 3,000 shares). UPI mandate: 2017-03-16.

How many times Airan Ltd. IPO subscribed? ▼

The Airan Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Airan Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 22 Mar 2017. Refunds: on 23 Mar 2017.

When Airan Ltd. IPO will be listed? ▼

The Airan Ltd. IPO listing date is 24 Mar 2017, Friday. Listed on: NSE SME. Issue price: ₹45. Estimated listing: ₹45. GMP: NIL.

When Airan Ltd. IPO close? ▼

The Airan Ltd. IPO closes on 16 Mar 2017, Thursday. UPI mandate: 2017-03-16. Allotment: 22 Mar 2017. Listing: 24 Mar 2017.

Quick Actions

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Live Price LIVE

Last Price₹45.00

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Issue Price₹45.00

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Quick Summary

StatusListed

Issue Price₹45

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹45

Subscribed1.00x

Open Date14 Mar 2017

Close Date16 Mar 2017

Allotment22 Mar 2017

Listing Date24 Mar 2017

ExchangeNSE SME

UPI Deadline2017-03-16