Free Offer
Open Demat FREE
Apply in Airfloa Rail Technology Ltd. IPO via ASBA / UPI
₹0 Opening Digital KYC 1-Click Apply
SEBI Regulated · 100% Secure · Under 5 Min
Home All IPOs Airfloa Rail Technology Ltd. IPO
Airfloa Rail Technology Ltd. IPO
BSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹140
Issue Price
₹140
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹140
GMP based
Lot Size
1,000
shares / lot
Min Amount
₹140,000
1 lot · 1,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
11 Sep 2025
Thu Completed
Done
Close Date
15 Sep 2025
Mon Completed
Done
Allotment
16 Sep 2025
Tue Completed
Done
Refund
17 Sep 2025
Wed Completed
Done
Demat Credit
17 Sep 2025
Wed Completed
Done
Listing Date
18 Sep 2025
Thu Completed
UPI Deadline: 15 Sep 2025
Issue Details
Pricing & Size
Issue Price
₹140 Face ₹10
Lot Size
1,000 shares
Min Investment
₹140,000
Total Issue Size
65,07,000 shares (aggregating up to ₹91.10 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
3,26,000 (5.01%)
QIB Portion
30,87,000 (47.44%)
NII / HNI
9,30,000 (14.29%)
Retail
21,64,000 (33.26%)
Employee
-
Net Offer to Public
61,81,000 shares (aggregating up to ₹86.53 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,74,62,954 shares
Post-Issue Shareholding
2,39,69,954 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 2000 280000
HNI / NII 3 3000 420000
Objects of Issue
4 objectives
1
Capital expenditure towards purchase of machinery and equipment
13.68 Cr
2
Repayment of a portion of certain outstanding borrowing availed by the company
6 Cr
3
Funding working capital requirements
59.27 Cr
4
General corporate purposes
Lead Managers & Market Maker
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd.
Market Maker
Giriraj Stock Broking Pvt.Ltd.
IPO Timeline
Open
11 Sep
✓ Done
Close
15 Sep
✓ Done
Allotment
16 Sep
✓ Done
Listing
18 Sep
✓ Done
Registrar Details
Kfin Technologies Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
airfloa.ipo@kfintech.com
Company Contact
Email
cs@airflow.co.in
Phone
+91 9600621490
Address
No 9 Chelliamman Koilstreet Keelkttala Chennai, Tamil Nadu, 600117
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹140
Est. Listing
₹140
Lot Size
1,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Airfloa Rail Technology Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
Vol
Div
Yld
Loading chart…
Live Chart Not Available
Airfloa Rail Technology Ltd. is not yet listed or data is unavailable.
Chart will appear after listing
| Price
Market Reference
IPO Issue Price
₹140
GMP
+₹0 (+0%)
GMP Est. Listing
₹140
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 30,87,000 (47.44%) ₹4,321.80 Cr
NII / HNI (Total) 9,30,000 (14.29%) ₹1,302.00 Cr
Retail Investors 21,64,000 (33.26%) ₹3,029.60 Cr
Total ** 65,07,000 (100.00%) ₹91,098.00 Cr
Market Maker * 3,26,000 (5.01%) ₹45.64 Cr
* Based on ₹140.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
30,87,000 (47.44%)
NII
9,30,000 (14.29%)
Retail
21,64,000 (33.26%)
Market Maker
3,26,000 (5.01%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crores
Metric31 Mar 202531 Mar 202431 Mar 2023
Revenue192.66122.8795.33
PAT25.5514.231.49
EBITDA47.4134.5814.68
Net Worth110.8055.9841.75
Total Assets256.94201.99163.89
Reserves93.3450.9936.75
Borrowings59.9863.8060.22
Key Financial Ratios
30.64%
ROE
Return on Equity
26.28%
ROCE
Return on Capital Employed
23.06%
RONW
Return on Net Worth
13.28%
PAT Margin
PAT / Revenue
24.61%
EBITDA Mgn
EBITDA / Revenue
0.54
D/E Ratio
Debt to Equity
2.19
P/BV
Price to Book Value
14.63
Pre EPS
EPS Pre-Issue
10.66
Post EPS
EPS Post-Issue
9.57
Pre P/E
P/E Pre-Issue
13.14
Post P/E
P/E Post-Issue
About Airfloa Rail Technology Ltd.

Incorporated in December 1998, Airfloa Rail Technology Limited manufactures components for Indian Railways' rolling stock through production units like the Integral Coach Factory (ICF) and other coach factories.

The company manufactures rolling stock components and interior projects for Indian Railways and produces complex, crucial parts for aerospace and defence.

The company made rolling stock parts and managed interior projects for Sri Lankan DEMU, Mainline Coaches, Agra-Kanpur Metro, RRTS, Vistadome Coaches, and Train-18 Vande Bharat Express.

They are a key supplier to Indian Railways, manufacturing high-precision components and turnkey interior furnishings for rolling stock. They also serve the aerospace and defense sectors, making components for projects like AMCA ground simulators and artillery tank bodies. 

The company offers turnkey interior furnishing projects for prestigious railway projects, such as the Vande Bharat Express and the Agra-Kanpur Metro.

They extend their expertise to the aerospace and defence sectors, manufacturing components for projects like AMCA ground simulators.

They are an ISO 9001:2015, EN 15085-2, and BMS-certified company, signifying their commitment to quality management and railway standards.

The company contribute to its appeal by supplying the following key components:

  1. Seating Options: Comfortable seats are designed for long, scenic trips, offering optimal viewing angles.
  2. Passenger Accessibility: IC doors for smooth and safe movement within the coach.
  3. Climate Control: Air diffusers ensure a pleasant environment during travel.
  4. Interior Design: Large windows, roof panels, and PAPIS displays, enhancing visibility and the overall travel experience.

As of July 31, 2025, the Company’s workforce comprised 281 employees (including those on contract), including the senior management team.

Competitive Strength

  • The manufacturing capabilities produce high-quality components, making us a versatile partner for the the railway, aerospace, and defence sectors.
  • As a turnkey railway provider, the company offers seamless end-to-end solutions, simplifying project execution and boosting efficiency.
  • Advanced manufacturing with modern machinery ensures efficiency and precision, making us a trusted partner for quality railway and aerospace components.
  • Led by experienced promoters, the company navigates market dynamics, drives innovation, and fosters strong client relationships in the railway and aerospace sectors.
  • A strong work order book, proven financials, and a scalable model position us for continued growth and meeting rising market demands.
Frequently Asked Questions
What is the issue price of Airfloa Rail Technology Ltd. IPO?
The issue price of Airfloa Rail Technology Ltd. IPO is ₹140 per share, face value ₹10.
What is the lot size?
Minimum lot size is 1,000 shares, requiring ₹140,000.
What are the IPO dates?
Opens 11 Sep 2025, closes 15 Sep 2025.
When is the listing date?
Tentative listing: 18 Sep 2025 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹140 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Airfloa Rail Technology Ltd. IPO · Expected 16 Sep 2025

Check on Registrar
Post-IPO Timeline
Allotment Date
16 Sep 2025
Refund Initiation
17 Sep 2025
Demat Credit
17 Sep 2025
Listing Date
18 Sep 2025
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹140
Face ₹10
Lot Size
1,000
shares / lot
Min Amount
₹140,000
1 lot
Est. Listing
₹140
GMP +₹0
Key Dates
Open
11 Sep Done
Close
15 Sep Done
Listing
18 Sep Done
Registrar
Kfin Technologies Ltd.
A
Sponsored
₹0 AMC · Apply IPOs via UPI
SEBI Regulated · Digital KYC in 5 min