Airfloa Rail Technology was subscribed to overall 301.52 times on the last day, a retail quota was subscribed to over 330.31 times, NII was subscribed over 349.88 times, and QIB was subscribed to 214.65 times, respectively.
Details About Airfloa Rail Technology IPO
Airfloa Rail Technology got approval from SEBI for an IPO of around ₹91.10 crores, an entirely fresh issue, with a face value of ₹10 each. Further, it had a set price band of ₹133 to ₹140 per share.
In this IPO, 2,000 shares were offered in 2 lot sizes for the retail minimum and maximum categories. Moreover, 3000 shares were in 3 lot sizes for the S-HNI category. S-HNI Maximum shares offered 7,000 in the 7 lot sizes. B-HNI maximum offered 8000 shares in the 8 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,80,000.
- SHNI (S-HNI): Minimum investment of ₹4,20,000.
- S-HNI Maximum: Maximum investment of ₹9,80,000.
- B-HNI Minimum: minimum investment of ₹11,20,000.
Airfloa Rail Technology IPO’s Subscription Duration
The Airfloa Rail Technology IPO was opened for subscription on September 11, 2025, and closed on September 15, 2025. The Airfloa Rail Technology IPO allotment date was on September 16, 2025, and they will receive a refund on September 17, 2025. The IPO’s listing date is selected on September 18, 2025.
Funds Deployment of This IPO
A portion of IPO money will be used for Capital expenditure towards the purchase of machinery and equipment.
A portion of IPO money will be utilised for the Repayment of a portion of certain outstanding borrowing availed by the company.
A portion of the IPO money will be used for the Funding of working capital requirements.
A portion of the IPO money was utilised for the General corporate purposes.
About Airfloa Rail Technology Company
A leading company, Airfloa Rail Technology Limited, was founded in 1998 and started with the mission of manufacturing components for Indian Railways. These parts are made at places like the Integral Coach Factory (ICF) and other coach factories. The company makes train parts and interiors for Indian Railways. It also makes important and complex parts for the aerospace and defence sectors.
Moreover, the company makes train parts and works on interior projects for Sri Lankan trains, mainline Coaches, Agra Kanpur Metro RRTS, Vistadome Coaches, and the Train-18 Vande Bharat Express. The company also has competitive strengths, which are given below. They are considered a versatile partner for the railway, aerospace, and defence sectors as the manufacturing capabilities produce high-quality components. Moreover, the company has a stable work order book, a proven financial and scalable model position for continued growth, and is meeting rising market demands.
Financial Resort of the Airfloa Rail Technology Company
The company reported revenue of ₹192.66 crores in 2025 against ₹122.87 crores in 2024. The company reported a profit of ₹25.56 crores in 2025 against a profit of ₹14.23 crores in 2024.
