Airfloa Rail Technology IPO Details
The Airfloa Rail Technology IPO is a book build issue with a total issue size of ₹91.1 cr, comprising of fresh issue of 6507000 equity shares. Airfloa Rail Technology IPO opened for subscription on Sep 11, 2025 and closed on Sep 15, 2025. Airfloa Rail Technology IPO is set price band at ₹133 to ₹140 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹280,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 16, 2025, and listed on both the NSE and BSE on Sep 18, 2025.
Kfin Technologies Limited has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Airfloa Rail Technology IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 133 – 140
- Lot Size
- 1000
- Issue Size
- ₹91.1 Cr
- Minimum Investment
- ₹280000 (2000 Shares)
- Listing Date
- 18 September 2025
Current GMP
₹175 (+125.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Airfloa Rail Technology Limited
Incorporated in December 1998, Airfloa Rail Technology Limited is engaged in the manufacturing of components for Indian Railways’ rolling stock through production units such as the Integral Coach Factory (ICF) and other coach factories across India.
The company specializes in rolling stock components and turnkey interior projects for Indian Railways while also catering to the aerospace and defence sectors with complex, high-precision components.
Operations and Expertise
- Railways:
- Manufactured and supplied parts and executed interior projects for prestigious projects, including Sri Lankan DEMU, Mainline Coaches, Agra–Kanpur Metro, RRTS, Vistadome Coaches, and the flagship Train-18 Vande Bharat Express.
- Provides turnkey interior furnishing solutions for modern metro and semi-high-speed rail projects.
- Aerospace & Defence:
- Supplies specialized components for projects such as AMCA ground simulators and artillery tank bodies.
- Focuses on developing high-precision and mission-critical parts to support advanced defence systems.
Certifications
The company maintains internationally recognized certifications that demonstrate its commitment to quality and safety:
- ISO 9001:2015 – Quality Management System
- EN 15085-2 – Welding of Railway Vehicles and Components
- BMS Certification – Benchmark for rail manufacturing standards
Product Portfolio
Airfloa Rail Technology contributes to passenger comfort and safety through the design and supply of:
- Seating Systems – Ergonomic, comfortable seating designed for long-distance travel with optimized viewing angles.
- Passenger Accessibility Solutions – IC doors ensuring smooth and safe intra-coach movement.
- Climate Control Systems – Air diffusers maintaining optimal in-coach environments.
- Interior Design Elements – Large windows, roof panels, and PAPIS displays enhancing visibility, design, and passenger experience.
Workforce
As of 31 May 2025, the company employs 255 people (including contract staff), led by a highly experienced senior management team driving innovation and operational excellence.
Airfloa Rail Technology IPO Promoters
- Mr. Venkatesan Dakshinamoorthy
- Mr. Manikandan Dakshnamoorthy
- Ms. Nandhini Manikandan
- Mr. Sathishkumar Venkatesan
Promoters Holding
Holding Pre Issue
74.40%
Holding Post Issue
54.20%
Airfloa Rail Technology IPO Objective
The Company Airfloa Rail Technology IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital expenditure towards purchase of Machinery and equipment
- Repayment of a portion of certain outstanding borrowing availed by our company
- Funding of the working capital requirement of our Company
- General corporate purposes
Address / Contact Info
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/
IPO Snapshot
Book Running Lead Managers
- GYR Capital Advisors Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Airfloa Rail Technology IPO is a Book-building IPO with a total issue size of ₹91.1 crore. The Airfloa Rail Technology IPO price band is ₹133 to 140 per share. The Airfloa Rail Technology IPO subscription opens on Thu, Sep 11, 2025, and closes on Mon, Sep 15, 2025. The Airfloa Rail Technology IPO will be listed on the BSE. Kfin Technologies Limited is the registrar for the Airfloa Rail Technology IPO.
The Airfloa Rail Technology IPO opens on Thu, Sep 11, 2025 and closes on Mon, Sep 15, 2025
Airfloa Rail Technology IPO Price Band is ₹133 to 140 per share.
Airfloa Rail Technology IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
The minimum investment for Airfloa Rail Technology IPO is ₹280000, based on one lot of 1000 shares at the upper price band of ₹140 per share.
Investors can apply for the Airfloa Rail Technology IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 15, 2025. The application amount remains blocked until the Airfloa Rail Technology IPO allotment is finalized.
Airfloa Rail Technology IPO issue size is ₹91.1 crores.
Airfloa Rail Technology IPO allotment date is Wed, Jul 1, 2026.
The registrar for Airfloa Rail Technology IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Airfloa Rail Technology IPO allotment status, refund processing, and other IPO-related information.
The Airfloa Rail Technology IPO GMP (Grey Market Premium) is ₹175 as of Thu, Sep 18, 2025. Based on the upper price band of ₹140 per share, the estimated Airfloa Rail Technology IPO listing price is ₹315, indicating a potential listing gain of approximately 0% over the issue price.