Airfloa Rail Technology Limited – IPO
Airfloa Rail Technology Limited – IPO Details
| IPO Date | September 11, 2025 to September 15, 2025 |
| Listing Date | September 18, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 133 to ₹ 140 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | 65,07,000 shares (Aggregating up to ₹91.10 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| 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 |
| Market Maker portion |
Airfloa Rail Technology Limited Timeline (Tentative Schedule)
Airfloa Rail Technology Limited IPO opens on September 11, 2025, and closes on September 15, 2025.
| IPO Open Date | September 11, 2025 |
| IPO Close Date | September 15, 2025 |
| Basis of Allotment | September 16, 2025 |
| Initiation of Refunds | September 17, 2025 |
| Credit of Shares to Demat | September 17, 2025 |
| Listing Date | September 18, 2025 |
| Cut-off time for UPI mandate confirmation | September 15, 2025 |
Airfloa Rail Technology Limited IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | Rs.280,000 |
| Retail (Max) | 2 | 2,000 | Rs.280,000 |
| S-HNI (Min) | 3 | 3,000 | Rs.420,000 |
| S-HNI (Max) | 7 | 7,000 | Rs.980,000 |
| B-HNI (Min) | 8 | 8,000 | Rs.1,120,000 |
| HNI (Min) |
Airfloa Rail Technology Limited IPO Promoter Holding
| Share Holding Pre Issue | 74.40% |
| Share Holding Post Issue | 54.2% |
Airfloa Rail Technology Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not more than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Airfloa Rail Technology Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Airfloa Rail Technology Limited
Established in December 1998, Airfloa Rail Technology Limited produces parts for rolling stock of Indian Railways by way of production units such as the Integral Coach Factory (ICF) and other coach factories.
The company produces rolling stock parts and interior projects for Indian Railways and makes advanced, key components for aerospace and defence.
They produced rolling stock components and handled interior works for Sri Lankan DEMU, Mainline Trains, Agra-Kanpur Metro, RRTS, Vistadome Trains, and Train-18 Vande Bharat Express.
They are one of the main suppliers to Indian Railways, producing high-precision parts and turnkey interior fittings 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 firm provides turnkey interior furnishing contracts for high-profile rail projects like the Vande Bharat Express and the Agra-Kanpur Metro.
They take their expertise to the aerospace and defence industries, producing components for applications like AMCA ground simulators.
They are an ISO 9001:2015, EN 15085-2, and BMS-certified firm, which reflects their pursuit of quality management and railway compliance.
The firm add to its popularity by providing the following important components:
Seating Facilities: Spacious seats for extended, scenic journeys, providing the best view angles.
Passenger Ease of Access: IC doors providing hassle-free and secure movement inside the coach.
Climate Regulation: Air diffusers for a comfortable atmosphere during travel.
Interior Design: Huge windows, roof panels, and PAPIS screens for greater visibility and travel experience.
As of 31 May 2025, the Company's staff consisted of 255 employees (including those under contract), including the senior management.
Competitive Strength
The production capacity produces high-quality parts, making us a generalist partner to the the railway, aerospace, and defence industries.
Being a turnkey railway solutions provider, the company delivers end-to-end solutions, which ease project management and improve efficiency.
Smart manufacturing with new technology guarantees efficiency and accuracy, which makes us a reliable partner for quality railway and aerospace parts.
Guided by seasoned promoters, the firm rides market trends, champions innovation, and builds strong client relationships across the railway and aerospace industries.
A robust work order book, tested financials, and a scalable model set us up for future growth and meeting increasing market demand.
Key Performance Indicator
The market capitalization of Airfloa Rail Technology IPO is ₹335.58 Cr.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 26.28% |
| Debt/Equity | 0.54 |
| RoNW | 30.64% |
| P/BV | 3.75 |
| PAT Margin (%) | 13.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.15 | 5.94 |
| P/E (x) | 17.18 | 23.58 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Airfloa Rail Technology Limited IPO Objectives)
Airfloa Rail Technology Limited Contact Details
Airfloa Rail Technology Ltd. No 9 Chelliamman Koilstreet Keelkttala Chennai, Tamil Nadu, 600117 Phone: +91 9600621490 Email: [email protected] Website: https://www.airflow.co.in/ |
Airfloa Rail Technology Limited IPO Registrar
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: Website: https://ipostatus.kfintech.com/ |