Airfloa Rail Technology Ltd: Airfloa Rail Technology’s upcoming IPO is a fresh issue designed to raise ₹91.10 crores. The offering consists of 65 lakh new equity shares, with no offer for sale component from existing shareholders.
The price of the shares has been set in a band from ₹133.00 to ₹140.00 each. Investors can bid in lots of 1,000 shares. A retail investor needs to apply for a minimum of 2 lots, or 2,000 shares, which at the upper price limit would require a total investment of ₹2,80,000. For High Net-worth Individuals (HNIs), the minimum investment starts at 3 lots, equivalent to 3,000 shares, costing at least ₹4,20,000.
Airfloa Rail Technology IPO Overview
Airfloa Rail Technology Ltd. is launching an SME IPO to raise ₹91.10 crores by issuing 65,07,000 equity shares. The price range is set at ₹133–₹140, targeting listing on the BSE SME platform.
| Details | Descriptions |
|---|---|
| IPO Date | September 11, 2025 to September 15, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 65,07,000 shares (aggregating up to ₹91.10 Cr) |
| Reserved for Market Maker | 3,26,000 shares (aggregating up to ₹4.56 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 61,81,000 shares (aggregating up to ₹86.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,74,62,954 shares |
| Share Holding Post Issue | 2,39,69,954 shares |
Airfloa Rail Technology IPO Schedule
The IPO subscription window is from September 11 to September 15, 2025. Share allotment is expected on September 16, with the listing scheduled for September 18, 2025, on BSE SME.
| Details | Description |
|---|---|
| IPO Open Date | Thu, Sep 11, 2025 |
| IPO Close Date | Mon, Sep 15, 2025 |
| Tentative Allotment | Tue, Sep 16, 2025 |
| Initiation of Refunds | Wed, Sep 17, 2025 |
| Credit of Shares to Demat | Wed, Sep 17, 2025 |
| Tentative Listing Date | Thu, Sep 18, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 15, 2025 |
Airfloa Rail Technology IPO Lot Size Details
Retail investors need to apply for a minimum of 2,000 shares, costing ₹2,80,000 at the upper price band. HNIs must apply for at least 3,000 shares, requiring an investment of ₹4,20,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,20,000 |
Airfloa Rail Technology IPO Allocation
The IPO allocates 47.44% to QIBs, 33.26% to retail investors, and 14.29% to NIIs, with 28.46% reserved for anchor investors. A portion is also set aside for market makers.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,26,000 (5.01%) |
| QIB Shares Offered | 30,87,000 (47.44%) |
| NII (HNI) Shares Offered | 9,30,000 (14.29%) |
| Retail Shares Offered | 21,64,000 (33.26%) |
| Total Shares Offered | 65,07,000 (100.00%) |
Airfloa Rail Technology IPO Promoter Holding
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 74.40% |
| Promoter Holding Post Issue | 54.20% |
Airfloa Rail Technology IPO Anchor Investors Details
Anchor investors will receive 18,52,000 shares, accounting for 28.46% of the issue. The anchor book opens on September 10, 2025, with specifics provided in the Red Herring Prospectus.
| Details | Description |
|---|---|
| Bid Date | 10-Sep-25 |
| Shares Offered | 18,52,000 |
| Anchor Portion Size (In Cr.) | 25.93 |
| Anchor lock-in period end date for 50% shares (30 Days) | 16-Oct-25 |
| Anchor lock-in period end date for remaining shares (90 Days) | 15-Dec-25 |
Overview of Airfloa Rail Technology Ltd.
Established in 1998, Airfloa Rail Technology Ltd. manufactures precision components for Indian Railways, including Vande Bharat Express, and caters to aerospace and defense industries. It operates advanced plants in Chennai and Kancheepuram.
Company Financials
Airfloa Rail Technology Ltd. Financial Information (Restated Standalone)
For FY 2025, the company’s revenue surged by 57% to ₹192.66 crores, with profit after tax soaring 80% to ₹25.56 crores. Its market cap is valued at ₹335.58 crores post-IPO.
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|---|---|---|
| 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 | 110.8 | 55.98 | 41.75 |
| Reserves and Surplus | 90.98 | 50.99 | 36.75 |
| Total Borrowing | 59.98 | 63.8 | 60.22 |
Key Performance Indicator (KPI)
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 30.64% |
| ROCE | 26.28% |
| Debt/Equity | 0.54 |
| RoNW | 23.06% |
| PAT Margin | 13.28% |
| EBITDA Margin | 24.61% |
| Price to Book Value | 3.75 |
Airfloa Rail Technology Ltd. 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/
Airfloa Rail Technology IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: airfloa.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Airfloa Rail Technology IPO FAQs
How can I apply for the Airfloa Rail Technology IPO?
You can apply through ASBA via your bank or UPI using a supported app, as outlined on the Chittorgarh IPO portal.
How do I check my allotment status?
Visit Kfin Technologies’ website and enter your application details to check the allotment status post-finalization.
What is the minimum investment for retail investors?
Retail investors must invest in at least 2,000 shares, costing ₹2,80,000 at the upper price band of ₹140.
When will the shares be listed?
The shares are expected to list on the BSE SME platform on September 18, 2025.
