Airfloa Rail Technology IPO
smelistedAbout the company
Airfloa Rail Technology manufactures rolling stock components for Indian Railways, including ICF, and executes turnkey interior projects, while also producing precision parts for aerospace and defence. It manufactured rolling stock parts and executed interior projects for Sri Lankan DEMU, Mainline Coaches, Agra-Kanpur Metro, RRTS, Vistadome Coaches, and Train-18 Vande Bharat Express. As of August 28, 2025, the order book stood at ₹375.89 crore, with 72.17% from the Railways-Government segment. Train Materials contributed 45.81% of revenue, followed by Train 18 Seats at 28.71% and Roof & Sidewall at 8.28%. Regionally, Tamil Nadu contributed the bulk of revenue at 93.43% in FY25, followed by Gujarat at 3.31%. Capacity utilisation stood at 85% in FY25.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed11 Sept 2025Bidding starts for all investor categories
IPO Closes
Completed15 Sept 2025Last day to place your bid
Basis of Allotment
Completed16 Sept 2025Share allotment finalised
Refund Initiation
Completed17 Sept 2025Refunds credited for non-allottees
Credit to Demat
Completed17 Sept 2025Allotted shares credited to demat account
Listing on Exchange
Completed18 Sept 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹140,000 | 1 | ₹140,000 | 1 lot only |
| HNI | 2 | 2000 | ₹280,000 | 2 | ₹280,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 3,333,334 | 45.5 | 0 | 0.00x | 100% |
| NII | 15% | 1,000,000 | 13.65 | 0 | 0.00x | 100% |
| Retail | 35% | 2,333,333 | 31.85 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
