Airfloa Rail Technology IPO Date, Review, Price, Details
Airfloa Rail Technology will launch its IPO on September 11, 2025, with the issue closing on September 15, 2025. This is a Book-Built Issue, through which the company plans to raise approximately ₹91.10 crores, entirely from a fresh equity issue. Each share carries a face value of ₹10, and the price band has been fixed between ₹133 and ₹140 per share.
The issue will be divided into categories with a 50% allocation for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% reserved for HNIs. The IPO allotment is expected on September 16, 2025, and the listing is scheduled on BSE on September 18, 2025.
From a financial perspective, the company has demonstrated strong growth with revenues rising to ₹192.66 crores in FY2025 compared with ₹122.87 crores in FY2024. Net profit also improved significantly to ₹25.56 crores in FY2025 from ₹14.23 crores in the previous year.
Airfloa Rail Technology IPO Market Lot Size
The Airfloa Rail Technology IPO minimum market lot is 2,000 shares with ₹2,80,000 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 2 | 2,000 | ₹2,80,000 |
Retail Maximum | 2 | 2,000 | ₹2,80,000 |
S-HNI Minimum | 3 | 3,000 | ₹4,20,000 |
S-HNI Maximum | 7 | 7,000 | ₹9,80,000 |
B-HNI Minimum | 8 | 8,000 | ₹11,20,000 |
Airfloa Rail Technology IPO Details
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹133 to ₹140 Per Share |
Issue Size: | Approx ₹91.10 Crores |
Fresh Issue: | Approx ₹91.10 Crores |
Lot Size: | 1,000 Shares |
Issue Type: | Book Built Issue |
IPO Listing: | BSE SME |
QIB Shares Offered | 50% of the Net Offer |
NII Shares Offered | 15% of the Net Offer |
Retail Shares Offered | 35% of the Net Offer |
Airfloa Rail Technology IPO Valuation – FY2025 (KPI)
Check Airfloa Rail Technology IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 30.64% |
ROCE: | 26.28% |
EBITDA Margin: | 24.61% |
PAT Margin: | 13.28% |
Debt to equity ratio: | 0.54 |
Earning Per Share (EPS): | ₹15.63 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 23.06% |
Net Asset Value (NAV): | ₹63.81 |
Airfloa Rail Technology IPO Company Financial Report
The company reported revenue of ₹192.66 crores in 2025 against ₹122.87 crores in 2024. The company reported profit of ₹25.56 crores in 2025 against profit of ₹14.23 crores in 2024.
Amount ₹ in Crores
Period Ended | Revenue | Expense | PAT | Assets |
2022 | ₹137.63 | ₹132.50 | ₹3.43 | ₹176.76 |
2023 | ₹95.33 | ₹92.98 | ₹1.49 | ₹163.89 |
2024 | ₹122.87 | ₹102.27 | ₹14.23 | ₹201.99 |
2025 | ₹192.66 | ₹157.69 | ₹25.56 | ₹255.76 |
Airfloa Rail Technology IPO Dates
The Airfloa Rail Technology IPO date is September 11 and the close date is September 15. The Airfloa Rail Technology IPO allotment will be finalized on September 16 and the IPO listing on September 18.
IPO Open Date: | September 11, 2025 |
IPO Close Date: | September 15, 2025 |
Basis of Allotment: | September 16, 2025 |
Refunds: | September 17, 2025 |
Credit to Demat Account: | September 17, 2025 |
IPO Listing Date: | September 18, 2025 |
IPO Bidding Cut-off Time: | September 15, 2025 – 5 PM |
Promoters of Airfloa Rail Technology IPO
The promoters of the company are Mr. Venkatesan Dakshinamoorthy, Mr. Manikandan Dakshnamoorthy, Ms. Nandhini Manikandan and Mr. Sathishkumar Venkatesan.
About Airfloa Rail Technology IPO
Established in 1998, Airfloa Rail Technology Limited began its journey with the objective of manufacturing components for Indian Railways. Over the years, the company has expanded its capabilities to supply a wide range of train parts and interiors to major facilities such as the Integral Coach Factory (ICF) and other railway coach factories.
Alongside its railway business, the company also develops specialized and precision components for the aerospace and defence industries, marking its presence across multiple high-value sectors.
Its expertise covers projects for Indian Railways coaches, Sri Lankan Railways, metro projects like Agra–Kanpur RRTS, Vistadome Coaches, and the flagship Train-18 Vande Bharat Express.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Jupiter Wagons Limited | 9.08 | 37.80 | 13.81% | 64.88 | 4,007.64 Cr. |
Titagarh Rail Systems Ltd | 20.39 | 41.94 | 11.07% | 184.40 | 3,943.10 Cr. |
Objects of the IPO
Investment in machinery and equipment purchases to support business expansion
Partial repayment of outstanding borrowings taken by the company
Provision for working capital needs
Allocation towards general corporate purposes
Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
Company Address
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/
IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://ipostatus.kfintech.com/
Check Grey market premium at below
(GMP)