Airfloa Rail Technology Limited IPO
Price Band
₹133 - ₹140
Total Issue
₹91 Cr
Bid Dates
11 Sep - 15 Sep
Subscription
302.13x
Listing Price
₹266 (90.00%)
Valuation
Market Cap
₹335.58 Cr
P/E Ratio
8.96x
P/B Ratio
2.19x
Airfloa Rail Technology IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
AirFloa Rail Technology is engaged in the manufacturing of components for rolling stock used by Indian Railways through production units such as the Integral Coach Factory (ICF) and other coach factories. In addition to rolling stock components, the company undertakes turnkey interior furnishing projects for Indian Railways and supplies to global rolling stock OEMs. It also manufactures intricate and highly engineered components for the aerospace and defence sectors. AirFloa Rail Technology has contributed to projects such as Sri Lankan DEMU and Mainline Export Coaches, Agra-Kanpur Metro Coach, RRTS Coach, Vistadome Coach, and the Train-18 Vande Bharat Express.
Airfloa Rail Technology IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,000 | ₹2,80,000 |
| Ind (Max) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,20,000 |
Airfloa Rail Technology IPO Size
Objects of Issue
- 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
Airfloa Rail Technology IPO IPO Live Subscription
Updated as on 15 Sep 2025 | 05:00:00 PM
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 214.65x | 12,35,000 | 26,50,93,000 |
| NII | 350.00x | 9,30,000 | 32,55,01,000 |
| bHNI | 375.79x | 6,20,000 | 23,29,90,000 |
| sHNI | 298.42x | 3,10,000 | 9,25,11,000 |
| Individual Investor | 331.48x | 21,64,000 | 71,73,30,000 |
| Total | 302.13x | 43,29,000 | 1,30,79,24,000 |
Airfloa Rail Technology IPO IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 16 Sep | ₹175 (125%) | ₹315 |
| 15 Sep | ₹175 (125%) | ₹315 |
| 14 Sep | ₹166 (118.6%) | ₹306 |
| 13 Sep | ₹166 (118.6%) | ₹306 |
| 12 Sep | ₹166 (118.6%) | ₹306 |
| 11 Sep | ₹166 (118.6%) | ₹306 |
| 10 Sep | ₹170 (121.4%) | ₹310 |
| 09 Sep | ₹170 (121.4%) | ₹310 |
| 08 Sep | ₹160 (114.3%) | ₹300 |
| 07 Sep | ₹150 (107.1%) | ₹290 |
| 06 Sep | ₹150 (107.1%) | ₹290 |
| 05 Sep | ₹150 (107.1%) | ₹290 |
Airfloa Rail Technology IPO Peer Comparison
(Rs. in crores)
| Particulars | Airfloa | Jupiter Wagons | Titagarh Rail |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 192.39 | 3,963.28 | 3,867.75 |
| PAT (In Crs.) | 25.55 | 380.27 | 274.92 |
| EPS - Basic | 15.63 | 9.08 | 20.39 |
| NAV per share | 63.81 | 64.88 | 184.40 |
| RONW | 23.06% | 13.81% | 11.07% |
| EBITDA | 24.61% | 15.52% | 12.89% |
| PAT Margin | 13.28% | 9.59% | 7.11% |
| Price to earning (PE) | 8.96 | 37.80 | 41.94 |
| Debt to Equity | 0.54 | 0.18 | 0.25 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 21, 2025 for Peers
Airfloa Rail Technology IPO IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 192.39 | 119.30 | 95.17 |
| Profit after Tax | 25.55 | 14.23 | 1.49 |
| Net Worth | 110.80 | 55.98 | 41.75 |
| Total Borrowing | 59.98 | 63.80 | 60.22 |
| Total Assets | 256.94 | 201.99 | 163.89 |
| NAV per share (in ₹) | 63.81 | 37.36 | 27.86 |
| EPS - Basic (in ₹) | 15.63 | 9.50 | 1.00 |
Key Performance Indicators (KPIs)
EBITDA
24.61%
PAT
13.28%
ROE
30.64%
ROCE
26.28%
Debt to Equity
0.54
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
74.40%
Public
25.60%
Management
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (1)
Company Details
Name: Airfloa Rail Technology Limited
Address: No 9 Chelliamman Koilstreet Keelkttalai
Chennai-117 Tamil Nadu 600117 India
Number: +91 9600621490
Email: cs@airflow.co.in
Website: https://www.airflow.co.in/
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How to apply Airfloa Rail Technology IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
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- Enter Qty and Price
- Submit the application
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How to apply Airfloa Rail Technology IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Airfloa Rail Technology IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Airfloa Rail Technology IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date