Issue Price
₹45
Per Share
GMP
NIL
Grey Market
Est. Listing
₹45
Expected Price
Min. Application
₹270,000
2 lots × 3000 shares
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.
Airan Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 168,000 | — | ₹0.76 Cr | — |
| TOTAL | 3,300,000 | 100.00% | ₹14.85 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| sNII (Min) | 14 | 42,000 | ₹1,890,000 |
| bNII (Min) | 68 | 204,000 | ₹9,180,000 |
| 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 |
| Total Borrowings | N/A | N/A | N/A |