In order to expand its business activities and explore new opportunities with a vision of venturing into a market with wide consumer base, Airolam Limited has filed a draft for listing in EMERGE platform with NSE (National Stock Exchange) in believing that raising of funds from public by way of coming up with an Initial Public Offering would be a well chosen/felicitous option. The company proposes to make an issue of up to 40 lakh equity shares through its IPO for raising fund of Rs 13 crore, which is being managed by SME capital market.
The company intends to utilize the net proceeds from the issue primarily for funding its working capital requirements as it ensures smooth operating cycle of the business. The secondary objective would be utilizing the funds for general corporate purposes. The listing of Equity Shares will enhance the Company’s corporate image, brand name and create a public market for the Equity Shares in India.
Managing Director of the Company Mr. Pravinbhai N. Patel, who holds an experience of more than 10 years in the laminate manufacturing industry and is known for his contribution & dedication in the overall development of the Company. Mr. Sureshbhai Patel, Mr. Pravinbhai A. Patel, Mr. Prafulkumar Patel and Mr. Daxesh Raval are also key persons in formulating and implementation of business strategy for growth & expansion. Airolam Limited sells its products under different brand names such as Airoline, Airodoor, Airo Flexi, AiroXterior, AiroDigilam, i Lite, etc. For the financial year 2012-13 to 2016-17, the total revenue of The company grew from 5,518.01 lakhs to 7,146.57 lakhs while their profit grew from 142.91 lakhs to 189.01 lakhs in the same period.
Incorporated in 2007, Airolam Limited, a Gujarat based public limited company is engaged in manufacturing of High-Pressure decorative laminates and doors. They have invested a huge amount in these verticals. They have set up a large distribution network and operate through more than 70 distributors and 4 stock points at Bangalore, Mumbai, Kolkata, and Delhi. Airolam limited has a pan-India presence and exports its laminate products to various countries including the UAE, Syria, Kuwait, Bangladesh, Dubai, Singapore, Iran, etc. The company has received various certifications from different authorities like International Organization of Standardization, Bureau of Indian Standards, Indian Green Building Council, etc.