Airfloa Rail Technology
September 11, 2025 – September 15, 2025
| Price | ₹133 - ₹140 |
| GMP Rumors * | ₹150 |
|---|---|
| Lot size | 1000 |
| Allotment | Sep 16, 2025 |
| Listing | Sep 18, 2025 |
Airfloa Rail Technology Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2000 | 280000 | 0 |
| sHNI | 3 | 3000 | 420000 | 0 |
| bHNI | 8 | 8000 | 1120000 | 0 |
Airfloa Rail Technology Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 0 | 100% |
Airfloa Rail Technology About
Airfloa Rail Technology IPO Details
| Issue Size | 65,07,000 shares (aggregating up to ₹91.10 Cr) |
| Fresh Issue Size | 65,07,000 shares (aggregating up to ₹91.10 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,74,62,954 shares |
| Share Holding Post Issue | 2,39,69,954 shares |
| Market Maker's Portion | 3,26,000 shares (aggregating up to ₹4.56 Cr) |
Airfloa Rail Technology IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Key Performance Indicators (KPI)
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.15 | 5.94 |
| P/E (x) | 17.18 | 23.58 |
Company Financials In Crores
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 201.99 | 163.89 | 176.76 |
| Income | 122.87 | 95.33 | 137.63 |
| Profit | 14.23 | 1.49 | 3.43 |
| EBITDA | 34.58 | 14.68 | 16.32 |
| Net Worth | 55.98 | 41.75 | 40.25 |
| Reserves | 50.99 | 36.75 | 35.26 |
| Borrowing | 63.80 | 60.22 | 70.85 |
Company Overview
Name: Airfloa Rail Technology Limited
Founded: December 1998
Certifications: ISO 9001:2015, EN 15085-2, BMS
Employees: 255 (including contract & senior management) as of May 2025
Core Business: Manufacturing precision components & turnkey interior furnishing projects for railways (primary focus), aerospace, and defense.
Major Clients: Indian Railways (ICF & other coach factories), Metro projects, and defense agencies.
Key Projects: Vande Bharat Express, Vistadome Coaches, Sri Lankan DEMU, Agra-Kanpur Metro, RRTS, AMCA simulators, artillery tank bodies.
Product Range: Seating systems, integrated coach doors, climate control air diffusers, roof panels, windows, PAPIS (Passenger Information Display Systems).
Strength
Established Track Record & Certifications – Over 25 years of operations with global-standard certifications (ISO, EN 15085-2, BMS), ensuring credibility and compliance.
Diverse Offerings & Turnkey Capabilities – Ability to deliver end-to-end interior solutions, from design to execution, across railways, aerospace, and defense.
Prestigious Project Portfolio – Trusted supplier for flagship projects like Vande Bharat Express and RRTS, enhancing brand positioning and long-term customer confidence.
Weakness
High Dependence on Indian Railways – Majority of revenue depends on Indian Railways’ policies, tenders, and approvals, creating significant concentration risk.
Tender-Based Business Model – No assurance of bid success; intense competition in securing contracts could limit future growth.
Raw Material Price Volatility – Increases in input costs (steel, aluminum, composites) could squeeze margins and impact profitability.
Airfloa Rail Technology Lead Manager(s)
Airfloa Rail Technology Address
No 9 Chelliamman
Koilstreet Keelkttala
Chennai, Tamil Nadu, 600117
Phone: +91 9600621490
Email: cs@airflow.co.in
Website: https://www.airflow.co.in/