Kannur International Airport Ltd (KIAL) is an unlisted public company promoted by Government of Kerala, to build and operate the airport on international standards, primarily to cater to the travelling needs of the large NRI population in the region who travel frequently to various international destinations, the flourishing business community and tourists. The area is of immense tourist potential and attracts both domestic and international tourists.
Latest live Share Price of Kannur Airport KIAL unlisted share price today is Rs 115 per share. Call Dharawat Securities on 8108303330 for more details.
This is the second greenfield airport in Kerala, built on Public Private Partnership model in an area of about 2,300 acres. Land has been acquired by the State Government through KINFRA, the Nodal Agency, and is being transferred to the Company in a phased manner. Construction of the airport has been completed.
Orientation of the runway is 7/25, and the runway length of 3050 metres has been completed. This will be extended to 4000 metres in the near future. Passenger Terminal Building, measuring over 97,000 square metres, has also been completed and fully equipped.
Kannur International Airport Limited Unlisted Shares Details:
| CIN | U63033KL2009SGC025103 |
| Face Value: | Rs 100 per share |
| ISIN | INE02Y401013 |
| Current Unlisted Share Price | Rs Best in industry Per Equity Share |
| Website | www.kannurairport.aero |
| Regd. Office | Kara Peravoor PO, Mattannur, Kannur – 670702, Ph: 0490 2481000 |
| Business Activity | Transport, storage and Communications |
Kannur International Airport was commissioned on 9 December 2018, and it is the 4th international airport in Kerala, the only state in the country to have four international airports. As per the Information Memorandum prepared by SBI CAPS, the airport is expected to have an approximate annual traffic of 1.65 million international and 0.16 million domestic passengers in FY 2018-19.
Kannur International Airport – KIAL Corporate Video Presentation
Creating outside support services/ infrastructural facilities is considered to be as important as the development of the airport itself.
Rail – The State Government is pursuing discussions with the Central Ministry of Railways on a proposal for ‘Kannur International Airport Railway Station.
Tourism / Hotels – Tourism, especially health, pilgrimage and beach tourism, is being developed in the state to attract more national and international tourists. The airport is quite close to Wayanad and Kodagu (Coorg) which are well known locations for adventure and wild life tourism with great scenic beauty. Several hotel chains have come up to explore the tourism potential of the region.
Bekal – Bekal is the largest and most well preserved fort in Kerala. It is situated in Bekal in Kasargod district, which is 95kms away from Kannur Airport.
Pilgrimage Tourism – This is a branch of tourism which is being promoted in this area in view of the presence of a large number of internationally famous shrines belonging to different religions.
Industries – Traditional industries like textile, handloom and modern sectors like IT will get a boost with the establishment of the airport. Similarly the airport will grow consequent to the rapid industrialization from the flow of increased passengers, a win-win situation for both.
The Passenger Terminals Facilities include 32 Emigration counters, 24 Check-in counters(expandable up to 48), 16 Customs counters and 6 Aerobridges.
Shareholding pattern of KIAL
| Name of the shareholder | No. of shares | Shareholding (in %) |
|---|---|---|
| Government of Kerala | 3,50,00,000 | 33.03% |
| BPCL | 2,16,80,000 | 20.46% |
| Airports Authority of India | 1,00,00,000 | 09.44% |
| MA Yusufali | 95,00,000 | 08.96% |
| Others | 2,97,90,800 | 28.11% |
| Total outstanding shares | 10,59,70,800 | 100% |
In January 2020, GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited has signed a concession agreement with KIAL to develop, operate, maintain and manage the duty free outlets at Kannur International Airport on an exclusive basis.
Kannur Airport began its commercial operations in December 2018 and registered over 1 million passengers in just nine months after its commissioning. It handled around 1.14 million passengers between April 2019 and November 2019, of which around 0.54 million were international. Two millionth passenger in Kannur International Airport was registered on 20th November 2020.
Kannur International Airport (KIAL) valuation
At current price of around Rs 120 per share, shares of Kannur International Airport (KIAL) are available at market capitalisation of about Rs 1600 crore.
Outlook:
Kannur International Airport Limited is majorly in Transport, storage and Communications business. The Airport has been planned for development in phases on a modular basis to suit future requirements and also to minimize the initial investments so as to generate revenue at the earliest possible time. kannur airport shares will continue to remain in demand due to huge infrastructure push of government.
Recent News and Developments
Kannur airport enters 4th year, witnesses surge in international travellers despite Covid crisis – 9 December 2021
Kannur airport is celebrating a milestone as it enters the fourth year of operations. The first flight from the airport flew to Abu Dhabi on December 09, 2018. Despite the challenges caused by Covid-19 in the aviation sector, Kannur International Airport Limited (KIAL) made progress. Interestingly, the airport became one among the top 10 airports in India that witnessed surge in international travellers in August and September.
As per the agreement, around 27.37 lakh travellers commuted through the airport, show latest figures. In October, international cargo services were also started and over 350 tonnes of freight have been transported. Items including fruits, vegetable and flowers have been exported.
Interestingly, within 10 months of KIAL’s opening, it was successful in achieving 10 lakh travellers. KIAL is now in the pursuit of getting permission from the Centre for allowing the entry of aviation service companies in the foreign market. However, the Centre has informed that more domestic services will only be allowed.