Airfloa Rail Technology
Open
Open
IPO Closes in
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IPO Timeline
Issue open date
11 Sep 2025Issue close date
15 Sep 2025UPI mandate deadline
15 Sep 2025Allotment finalization
16 Sep 2025Refund initiation
17 Sep 2025Share credit
17 Sep 2025Listing date
18 Sep 2025Mandate end date
30 Sep 2025Lock-in end date for anchor investors (50%)
16 Oct 2025Lock-in end date for anchor investors (remaining)
15 Dec 2025Grey Market Premium Trend
₹166
Current GMP
₹306
Est. Listing Price
118.6%
Est. Listing Gain
₹133 - ₹140
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 11 Sep | ₹166 | ₹306 | 118.57% |
| 10 Sep | ₹166 | ₹306 | 118.57% |
| 9 Sep | ₹165 | ₹305 | 117.86% |
| 8 Sep | ₹170 | ₹310 | 121.43% |
| 7 Sep | ₹160 | ₹300 | 114.29% |
| 6 Sep | ₹150 | ₹290 | 107.14% |
| 5 Sep | ₹150 | ₹290 | 107.14% |
| 4 Sep | ₹150 | ₹290 | 107.14% |
| 3 Sep | ₹150 | ₹290 | 107.14% |
IPO Closes in
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💸
IPO Subscription Status
| Category | Times | Allotment Chances |
|---|---|---|
| HNIs (Total) | 74.43🔥 | 1.3% |
| bHNI | 70.87🔥 | 1.4% |
| sHNI | 81.54🔥 | 1.2% |
| QIBs | 0.72 | 100% |
| Retail | 95.43🔥 | 1.0% |
Last updated: 12 September'25 11:11AM
Key Dates
Open
11 Sep 2025Close
15 Sep 2025Listing
18 Sep 2025Quick Stats
Issue Size:91cr
Lot Size:1000 shares
Issue Details
Issue Size:91cr
Face Value:₹10
Listing At:BSE SME
Reservation
50%
QIB
15%
NII
35%
Retail
Additional Resources
About the Company
Airfloa Rail Technology Limited, originally incorporated in 1998 as Air Flow Equipments (India) Private Limited, is engaged in the business of manufacturing, processing, assembling, developing, and designing railway rolling stock, passenger rail coaches, wagons, locomotives, and their discrete components. The company transitioned to its current name in August 2024 and became a public limited company in November 2024. It has demonstrated strong financial growth, with revenues rising from ₹9,517.39 lakhs in FY23 to ₹19,238.70 lakhs in FY25, alongside a PAT increase from ₹149.36 lakhs to ₹2,554.76 lakhs.
Strengths
- Wide product portfolio: coaches, wagons, locomotives, components
- Proven track record of revenue and profit growth
- Experienced promoters with strong industry knowledge and leadership
- Established client base within the Indian Railways ecosystem
- Growing capacity with modern infrastructure and facilities
Risks
- Significant dependence on Indian Railways for revenue
- Working capital–intensive operations may strain liquidity
- Exposed to raw material price fluctuations
- Contingent liabilities, including GST demands under appeal
- High debt levels with secured borrowings outstanding
Airfloa Rail Technology IPO – Frequently Asked Questions
- The price band for the Airfloa Rail Technology IPO is set at ₹133 to ₹140 per share.
- The Airfloa Rail Technology IPO opens on September 11, 2025 and closes on September 15, 2025.
- The tentative listing date for the Airfloa Rail Technology IPO is September 18, 2025.
- You can apply for the Airfloa Rail Technology IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Airfloa Rail Technology, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Airfloa Rail Technology IPO is 1000 shares. Investors must apply for at least one lot (i.e., 1000 shares).