Airpro Technology India IPO

About Airpro Technology IPO

The public issue of the Airpro Technology IPO, an SME IPO, opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA. The equity shares offered through the IPO are proposed to be listed on the NSE SME platform.

The offer consists of a fresh issue component. The fresh issue will include 29,20,000 shares aggregating up to ₹[TBA] crores. The total number of shares is 36,00,000 and the aggregate amount is yet to be finalised.

Airpro Technology IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) based on upper price). The minimum lot size investment for HNI is TBA.

Airpro Technology is a technology-driven company engaged in the design, assembly, distribution, and servicing of wired and wireless networking products and solutions. They operate as a brand owner focused on delivering reliable, scalable, and cost-effective networking solutions that enable enterprises and institutions to build, manage, and optimize high-performance connectivity infrastructure.

Objectives of Airpro Technology IPO

• Funding capital expenditure towards purchase of machinery for the manufacturing facility.
  
• Funding towards balance payment for acquisition of land for the factory.
  
• Funding capital expenditure towards construction of building the factory.
  
• Funding the working capital requirement of the company.
  
• General corporate purposes.
  

Industry Outlook

India’s technology industry revenue is estimated to increase from approximately USD 283 billion in 2025E to USD 297 billion by 2030, reflecting moderate growth momentum supported by increasing digital adoption, enterprise technology spending, cloud infrastructure expansion and government-led digital transformation initiatives. The projected growth rate of approximately 5.1% highlights the continued expansion of India’s digital economy and strengthening demand for IT infrastructure and connectivity solutions. The growth in the technology industry is expected to positively impact the IT hardware and networking industry in India. Increasing digitalization across enterprises, government departments, educational institutions, healthcare facilities and industrial sectors is driving demand for networking infrastructure, enterprise IT equipment and wireless communication solutions. The expansion of digital public infrastructure, data centres, cloud computing, artificial intelligence, Internet of Things (IoT), smart cities and Industry 4.0 initiatives is further accelerating the deployment of networking hardware and communication systems across the country. (Source: Infomerics Report)

About Airpro Technology

Airpro Technology is a technology-driven company engaged in the design, assembly, distribution, and servicing of wired and wireless networking products and solutions. They operate as a brand owner focused on delivering reliable, scalable, and cost-effective networking solutions that enable enterprises and institutions to build, manage, and optimize high-performance connectivity infrastructure. Their offerings are designed to address the increasing demand for high-speed connectivity, seamless network coverage and efficient bandwidth management across a wide range of deployment environments. Through their portfolio of networking solutions, they enable reliable, secure, and scalable communication infrastructure that supports the evolving connectivity requirements of businesses and institutions across various sectors. They operate through a hybrid business model comprising product design, firmware customization, cloud-enabled network management interface, in-house assembly capabilities, and white-label networking solutions for select customers.

Strengths of Airpro Technology

• Solution-oriented and customized offerings.
• Firmware and product-level customization capabilities.
• Integrated product portfolio.
• Integrated channel and demand ecosystem.
• Demand-driven engagement model.

Risks of Airpro Technology

• A substantial portion of their revenue is generated through their national distributor.
• They are dependent on their regional distributors and system integrators for a significant portion of their sales.
• They depend on imported semiconductor chipsets and other critical electronic components for their products.
• They remain dependent on third-party manufacturers and suppliers for certain products, components and critical inputs.
• Product defects, performance failures, warranty claims, cybersecurity vulnerabilities or quality issues relating to their products and solutions could adversely affect their reputation.

(1) NAV is computed as the closing net worth divided by the closing outstanding number of equity shares as on March 31, 2025.
(2) P/E Ratio has been computed based on the closing market price of equity shares on March 28, 2025, divided by the Diluted EPS as on March 31, 2025.

Anchor Investor Bidding Date: TBA

Registrar Details
MUFG Intime India Pvt.Ltd.
Email: airprotechnology.smeipo@in.mpms.mufg.com
Tel.: 022-49186000

Book Running Lead Manager
Horizon Management Pvt.Ltd.

Airpro Technology Contact Details
Unit No. 111, 1st floor, vijay City Point, D-52, Ashok Marg, Ahinsa
Circle, Jaipur, Rajasthan, 302001
Email: compliance@airpro.in
Phone: 9833154409

Airpro Technology Business Model

The company earns its revenue as a technology-driven company engaged in the design, assembly, distribution, and servicing of wired and wireless networking products and solutions.

Airpro Technology Growth Trajectory

Airpro Technology’s Total Income for FY25 was ₹28.18 crores, whereas in FY24 and FY23 it was ₹22.09 crores and ₹21.15 crores, respectively.

The Profit After Tax for FY25 was ₹2.29 crores, whereas in FY24 and FY23 it was ₹1.13 crores and ₹0.75 crores, respectively.

Their EBITDA for FY25 was ₹4.28 crores, whereas in FY24 and FY23 it was ₹2.67 crores and ₹1.63 crores, respectively.

Airpro Technology Market Position

The company’s continued engagement with customers post-deployment, including support and upgrades, contributes to repeat business, which accounted for approximately 27.44% of their total revenue during Fiscal 2025.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹28.18 crores, ₹2.29 crores, and ₹4.28 crores, respectively.

How to apply for Airpro Technology IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.