Airfloa Rail Technology IPO
Airfloa Rail Technology is a BSE SME IPO listed on the BSE SME platform, priced at ₹133–₹140 per share. The stock debuted at ₹266, delivering a listing gain of 90.0%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹2,80,000.
Airfloa Rail Technology Limited IPO
- IPO Dates
- Sep 11, 2025 – Sep 15, 2025
- Price band
- ₹133-140 per equity share
- Minimum Investment
- ₹2,80,000
- Issue size
- ₹91.1 Cr
- Lot size
- 1000
- Allotment Date
- Sep 16, 2025
- Listing
- Sep 18, 2025
- Listing At
- BSE SME
IPO timeline
-
Sep 11, 2025
Open Date
Completed
-
Sep 15, 2025
Close Date
Completed
-
Sep 16, 2025
Allotment Date
Completed
-
Sep 18, 2025
Listing Date
Completed
Airfloa Rail Technology IPO Subscription Details
View Subscription DetailsAirfloa Rail Technology IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Airfloa Rail Technology IPO Essentials
Airfloa Rail Technology IPO Details
Airfloa Rail Technology IPO is priced at ₹133-140 per share with a total issue size of 91.1 crore. The IPO has a lot size of 1000 shares and is listed on BSE SME.
- Issue price
- ₹133-140 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 65,07,000 shares(aggregating up to ₹91.10 Cr)
- Total issue size
- 65,07,000 shares
(aggregating up to ₹91.1 crore) - Fresh issue
- 65,07,000 shares
(aggregating up to ₹91.1 crore) - Listing at
- BSE SME
- List price
- 266.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
GYR Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 2000 | ₹2,80,000 |
| Individual(max) | 2 | 2000 | ₹2,80,000 |
| sHNI(min) | 3 | 3,000 | ₹4,20,000 |
| sHNI(max) | 7 | 7,000 | ₹9,80,000 |
| sHNI(min) | 8 | 8,000 | ₹11,20,000 |
Airfloa Rail Technology IPO Reservation
Airfloa Rail Technology IPO reservation details show category-wise allocation of shares. Out of the total 65,07,000 shares, approximately 18.98% are reserved for QIB, 14.29% for NII, 33.26% for retail investors, 5.01% for market maker, and 28.46% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 18,52,000 (28.46%) | |
| Market Maker Shares Offered | 3,26,000 (5.01%) | |
| QIB Shares Offered | 12,35,000 (18.98%) | |
| NII (HNI) Shares Offered | 9,30,000 (14.29%) | |
| bHNI > ₹10L | 6,20,000 (9.53%) | 207 |
| sHNI < ₹10L | 3,10,000 (4.76%) | 103 |
| Individual Shares Offered | 21,64,000 (33.26%) | 1082 |
| Total Shares Offered | 65,07,000 (100%) |
Airfloa Rail Technology IPO Analytics
Airfloa Rail Technology IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Airfloa Rail Technology IPO Subscription Status
Airfloa Rail Technology IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 301.6x, indicating strong demand across investor categories.
| As on | QIB / NII | Individual | Total |
|---|---|---|---|
| Shares Offered / Reserved | 12,35,000 / 9,30,000 | 21,64,000 | 43,29,000 |
|
Day 1
11-09-25 06:00 PM
|
(0.00 / 24.06) x | 34.17 x | 22.25 x |
|
Day 2
12-09-25 06:00 PM
|
(0.72 / 76.40) x | 97.43 x | 65.32 x |
|
Day 3
15-09-25 06:00 PM
|
(214.65 / 349.88) x | 330.31 x | 301.52 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 411878 (Approx) | 122.34x | 268.87x | 331.48x |
Airfloa Rail Technology Valuations
Earnings
- EPS Pre IPO
- ₹14.63/-
- EPS Post IPO
- ₹10.66/-
- P/E Pre IPO
- 9.57
- P/E Post IPO
- 13.14
Returns
- ROE
- 30.64%
- ROCE
- 26.28%
- RoNW
- 23.06%
- PAT Margin
- 13.28%
Fundamentals
- Debt / Equity
- 0.54
- Price / Book
- 2.19
Airfloa Rail Technology Financials( In Crs.)
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 255.76 | 201.99 | 163.89 |
| Revenue | 192.66 | 122.87 | 95.33 |
| Profit After Tax | 25.56 | 14.23 | 1.49 |
| Net Worth | 110.80 | 55.98 | 41.75 |
| Reserves & Surplus | 90.98 | 50.99 | 36.75 |
| Total Borrowing | 59.98 | 63.80 | 60.22 |
Airfloa Rail Technology Company & Offer Insights
About Airfloa Rail Technology
Established in December 1998, Airfloa Rail Technology Limited produces components for Indian Railways' rolling stock in the form of production units such as the Integral Coach Factory (ICF) and other coach factories.
The company produces rolling stock components and interior projects for Indian Railways and makes sophisticated, critical components for aerospace and defence.The company produced parts for rolling stock and handled interior work for Sri Lankan DEMU, Mainline Coaches, Agra-Kanpur Metro, RRTS, Vistadome Coaches, and Train-18 Vande Bharat Express.They are a major supplier to Indian Railways, producing high-precision components and turnkey interior fitouts for rolling stock. They also supply the aerospace and defense industries, producing components for projects such as AMCA ground simulators and artillery tank bodies.
The company provides turnkey interior furnishing deals for high-end trade railway projects, including the Vande Bharat Express and Agra-Kanpur Metro.They extend their experience to the aerospace and defence industries, producing parts for projects such as AMCA ground simulators.They are an ISO 9001:2015, EN 15085-2, and BMS-certified firm, which indicates their attention to quality management and railway standards.
The company contribute to its charm by providing the following important components:
Seating Arrangements: Long, scenic journeys are ideal for comfortable seating, which provides the best viewing position.
Passenger Access: Smooth and safe IC doors within the coach for ease of movement.
Climate Control: Comfortable travel environment provided through air diffusers.
Interior Design: Wide windows, roof glazing, and PAPIS screens, all contributing to improved visibility and comfort in travel.
As of 31 May 2025, the Company had a workforce of 255 people (including contract employees), including the senior management.
Airfloa Rail Technology Promoter(s)
Mr. Venkatesan Dakshinamoorthy, Mr. Manikandan Dakshnamoorthy, Ms. Nandhini Manikandan, Mr. Sathishkumar Venkatesan are the company's promoters of Airfloa Rail Technology.
Airfloa Rail Technology IPO Issue Objectives
- •
- Capital expenditure towards purchase of machinery and equipment
- •
- Repayment of a portion of certain outstanding borrowing availed by the company
- •
- Funding working capital requirements
- •
- General corporate purposes
Contact Information
Contact Details
Airfloa Rail Technology
+91 9600621490
No 9 Chelliamman, Koilstreet Keelkttala, Chennai, Tamil Nadu, 600117
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Airfloa Rail Technology IPO is a book-built IPO worth ₹91.1 crore. The price band is ₹133–₹140 per share. The IPO opens on Sep 11, 2025 and closes on Sep 15, 2025. It will be listed on BSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Airfloa Rail Technology IPO is ₹133 to ₹140 per share.
The lot size of Airfloa Rail Technology IPO is 1000 shares.
The minimum investment for Airfloa Rail Technology IPO is approximately ₹2,80,000 based on the upper price band .
Airfloa Rail Technology IPO opens on Sep 11, 2025 and closes on Sep 15, 2025.
The allotment date of Airfloa Rail Technology IPO is Sep 16, 2025.
Airfloa Rail Technology IPO is expected to be listed on Sep 18, 2025, on BSE SME Platform.
Airfloa Rail Technology IPO valuation snapshot: P/E 13.14, EPS ₹10.66/-, P/B 2.19, RoNW 23.06%, and market cap N/A.
To apply for Airfloa Rail Technology IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Airfloa Rail Technology IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Airfloa Rail Technology IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Airfloa Rail Technology IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Airfloa Rail Technology IPO allotment status on IPO Ji for quick and easy access.