
Transportation / Engineering · BSE
Airfloa Rail Technology Limited, established in December 1998, is a certified ISO 9001:2015, EN 15085-2, and BMS company engaged in the manufacturing of high-precision components and turnkey interior furnishing solutions for the railway, aerospace, and defense sectors. With a team of 255 employees, including contract staff and senior management, the company has built a strong reputation in the railway segment by supplying to major Indian Railways production units such as the Integral Coach Factory and other coach-building facilities. It has played a key role in several landmark projects, including the Vande Bharat Express (Train-18), Vistadome coaches, Sri Lankan DEMU, mainline coaches, the Agra-Kanpur Metro, and the Regional Rapid Transit System. Expanding beyond railways, the company also contributes to the aerospace and defense industries by manufacturing critical components for projects like the Advanced Medium Combat Aircraft (AMCA) ground simulators and artillery tank bodies. Its specialized product range includes seating systems designed for comfort during long journeys, integrated coach doors that ensure safe and efficient passenger movement, climate control systems with advanced air diffusers, and a variety of interior elements such as large windows, roof panels, and Passenger Information Display Systems.
Price Band
₹133 – ₹140
Issue Size
₹91.10 Cr
Lot Size
1000 shares
GMP
+125.0%
Est. Listing
₹315
at current GMP
Subscribed
301.60x
overall
Open
11 Sep 2025
Close
15 Sep 2025
Allotment
16 Sep 2025
Refund
17 Sep 2025
Demat Credit
18 Sep 2025
Listing
18 Sep 2025
Overall Subscription
301.60x
Total Demand
QIB Multiplier
214.65x
Institutions & Funds
NII / HNI
350.23x
High Net-Worth
Retail (RII)
330.31x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,235,000 | 265,093,000 | 214.65x |
| NIB | 930,000 | 325,716,000 | 350.23x |
| HNIs(10L +) | 620,000 | 233,316,000 | 376.32x |
| HNIs (2-10L) | 310,000 | 92,400,000 | 298.06x |
| RETAIL | 2,164,000 | 714,798,000 | 330.31x |
| Total | 5,259,000 | 1,631,323,000 | 301.60x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 195 | 0.00x |
| NIB | — | 53,018 | 0.00x |
| RETAIL | 1,082 | 358,665 | 331.48x |
| HNIs(10L +) | 207 | 25,324 | 122.34x |
| HNIs (2-10L) | 103 | 27,694 | 268.87x |
| Total Applications | 1,392 | 464,896 | 333.98x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Airfloa Rail Technology Limited is bringing an initial public offering (IPO) in the Transportation / Engineering sector with an aggregate issue size of ₹91.1 Crores. The shares are offered at a price band of ₹133 to ₹140 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-09-15, the basis of allotment is scheduled to be finalized on 2025-09-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Airfloa Rail Technology Limited IPO is ₹175 per equity share. Based on the upper price band of ₹133 to ₹140 per equity share, the estimated listing price is ₹315 (+125.0% expected listing gain).
With a lot size of 1000 shares and current GMP of ₹175, the expected profit per application lot is approx ₹1,75,000 (+125.0% gain). Minimum application cost is approx ₹1,40,000.
The Airfloa Rail Technology Limited IPO aggregate issue size is ₹91.1 Crores with an equity price band set at ₹133 to ₹140 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 301.60x (Retail: 330.31x, QIB: 214.65x, NII: 350.23x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-09-16. Investors can verify status using PAN card or application number.
Airfloa Rail Technology Limited shares are scheduled to list on BSE on 2025-09-18.