Airfloa Rail Technology IPO Details
Airfloa Rail Technology IPO Summary
Airfloa Rail Technology IPO opens for subscription on 11 Sep 2025 and closes on 15 Sep 2025.The IPO will be listed on BSE with the tentative listing date set for 18 Sep 2025.
Airfloa Rail Technology IPO price band has been fixed at ₹133 – ₹140 per share. The face value is ₹10 per share with a lot size of 1000.
Airfloa Rail Technology IPO total issue size comprises 65,07,000 shares (aggregating up to ₹91.10 Cr). This includes a fresh issue of 65,07,000 shares (aggregating up to ₹91.10 Cr). Pre-issue shareholding stands at 1,74,62,954, which will increase to 2,39,69,954 post-issue.
Airfloa Rail Technology IPO carries a ₹175 (125%) GMP, reflecting investor sentiment.
Airfloa Rail Technology IPO Lot Size :Individual Minimum is 2 lots (2,000 shares) amounting to ₹280,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹280,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹420,000. SHNI Maximum is 7 lots (7,000 shares) amounting to ₹980,000. BHNI Minimum is 8 lots (8,000 shares) amounting to ₹1,120,000.
The Lead Managers for Airfloa Rail Technology IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GYR Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Airfloa Rail Technology Limited RHP.
Airfloa Rail Technology IPO Details
Airfloa Rail Technology IPO Subscription
Airfloa Rail Technology IPO Application Wise Breakup
Airfloa Rail Technology IPO Dates
- 11 Sep 2025Opening dateOpen
- 15 Sep 2025Closing dateClose
- 16 Sep 2025Allotment Date Allotment
- 17 Sep 2025Initiation of RefundsRefund
- 17 Sep 2025Credit of SharesCredit
- 18 Sep 2025Listing dateListing
Airfloa Rail Technology IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹280,000 |
| Individual Maximum | 2 | 2000 | ₹280,000 |
| SHNI Minimum | 3 | 3000 | ₹420,000 |
| SHNI Maximum | 7 | 7000 | ₹980,000 |
| BHNI Minimum | 8 | 8000 | ₹1,120,000 |
Airfloa Rail Technology IPO Reservation
Promoter Holding
Documents
Airfloa Rail Technology IPO Valuations
Airfloa Rail Technology Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 255.76 | 201.99 | 163.89 |
| Total Income | 192.66 | 122.87 | 95.33 |
| Profit After Tax | 25.56 | 14.23 | 1.49 |
| EBITDA | 47.41 | 34.58 | 14.68 |
| Net Worth | 110.80 | 55.98 | 41.75 |
| Reserves and Surplus | 90.98 | 50.99 | 36.75 |
| Total Borrowing | 59.98 | 63.80 | 60.22 |
| Amount in ₹ Crore | |||
About Airfloa Rail Technology IPO
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:
- Seating Options: Comfortable seats are designed for long, scenic trips, offering optimal viewing angles.
- Passenger Accessibility: IC doors for smooth and safe movement within the coach.
- Climate Control: Air diffusers ensure a pleasant environment during travel.
- Interior Design: Large windows, roof panels, and PAPIS displays, enhancing visibility and the overall travel experience.
As of 31 May 2025, the Company’s workforce comprised 255 employees (including those on contract), including the senior management team.
Strength Of Airfloa Rail Technology IPO
1. Experienced Promoters having deep domain knowledge to scale up the business.
2. In house manufacturing capabilities.
3. Long-standing customer base leading to stability in our business operations.
4. Management team having established track record.
5. Established track record of successfully completed projects.
6. Strong order books.
Risk Of Airfloa Rail Technology IPO
1. Our business and revenues are substantially dependent on Indian Railways. Any adverse change in policy of the Ministry of Railways, GOI "MoR" may lead to our contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on our business and results of operations.
2. We depend on the entities under Indian Railways for a significant portion of contracts in our order book which are awarded on a tender basis. There is no assurance that our bids will be accepted and future contracts will be awarded to us by Indian Railways. This may result in an adverse effect on our business growth, financial condition and results of operations.
3. Increases in the prices of raw materials required for our operations could adversely affect our business and results of operations.
4. Our Subsidiary company is in a similar line of business as us which may involve conflict of interest, which could adversely impact our business.
5. Our operations are subject to high working capital requirements. If we are unable to generate sufficient cash flows to allow us to make required payments, there may be an adverse effect on our results of operations.
6. Our Registered Office and one of the Manufacturing facility from where we operate is not owned by us.
7. We have had negative cash flows from Operating activities in the past and a consequent net decrease in cash and cash equivalents in some of the recent years.
8. Our Company has not adequately complied with some of the provisions of Companies Act, 2013. There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for noncompliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
9. We have been unable to locate certain of our historical corporate records. Our Company was incorporated in 1997 and certain corporate records and documents filed by us with the RoC are not traceable.
10. An inability to comply with repayment and other covenants in the financing agreements or otherwise meet our debt servicing obligations could adversely affect our business, financial condition, cash flows and credit rating.
Objectives Airfloa Rail Technology IPO
1. Capital expenditure towards purchase of machinery and equipmen
2. Repayment of a portion of certain outstanding borrowing availed by the company
3. Funding working capital requirements
4. General corporate purposes
Company Contact Details
Airfloa Rail Technology Ltd.
No 9 Chelliamman
Koilstreet Keelkttala
Chennai, Tamil Nadu, 600117
Phone: +91 9600621490
Email: cs@airflow.co.in
Website: https://www.airflow.co.in/
Registrar Contact Details
Airfloa Rail Technology FAQs
The Airfloa Rail Technology IPO is a SME public issue comprising 6507000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹91.10 Cr. The issue price has been fixed at ₹140 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 11 Sep 2025, and closes on 15 Sep 2025.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹175 (125%).
Quick Links
Comments
