Airfloa Rail Technology IPO: GMP, Price Band, and Complete Details
12 September 2025 · Sachin Gadekar
Everything You Need to Know About Airfloa Rail Technology IPO – GMP, Price Band, Financials, and Investment Insights
Introduction
Airfloa Rail Technology Limited, a well-established manufacturer of rolling stock components for Indian Railways, is coming up with its ₹91.10 crore SME IPO. The IPO has already generated market buzz due to its strong order book, presence in railway, aerospace, and defence segments, and its role in key projects such as the Vande Bharat Express.
This article covers Airfloa Rail Technology IPO GMP, price band, lot size, financial performance, promoter holding, and investment insights to help investors evaluate this opportunity.
Airfloa Rail Technology IPO GMP (Grey Market Premium)
As per early market reports, Airfloa Rail Technology IPO GMP is attracting attention in the grey market. The GMP indicates potential listing gains, though investors should note that GMP is unofficial and speculative.
Currently, Airfloa Rail Technology IPO GMP trends suggest premium demand, reflecting investor optimism about the company’s railway and aerospace exposure.
About Airfloa Rail Technology Limited
Founded in 1998, Airfloa Rail Technology is a leading manufacturer of rolling stock components and turnkey interior projects for Indian Railways.
Key offerings include:
Railway Components: Seating systems, IC doors, roof panels, climate control systems, and PAPIS displays.
Interior Furnishing: Turnkey projects for Vande Bharat Express, Agra-Kanpur Metro, and RRTS.
Aerospace & Defence: Simulator components, tank bodies, and high-precision engineered parts.
The company holds certifications like ISO 9001:2015, EN 15085-2, and BMS, showcasing its focus on quality and safety standards.
Airfloa Rail Technology IPO Details
| Particulars | Details |
|---|---|
| IPO Opening Date | September 11, 2025 |
| IPO Closing Date | September 15, 2025 |
| Allotment Date | September 16, 2025 |
| Tentative Listing Date | September 18, 2025 |
| Exchange | BSE SME |
| Issue Size | ₹91.10 crore (65.07 lakh shares) |
| Price Band | ₹133 – ₹140 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹2,80,000 (2 lots – 2,000 shares) |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. |
Airfloa Rail Technology IPO Lot Size
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min/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 Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| QIB | 30,87,000 | 47.44% |
| NII (HNI) | 9,30,000 | 14.29% |
| Retail | 21,64,000 | 33.26% |
| Market Maker | 3,26,000 | 5.01% |
| Anchor Investors | 18,52,000 | 28.46% |
Airfloa Rail Technology Financial Performance (FY 2025)
| Metric (₹ in Cr) | FY 2025 |
|---|---|
| Assets | 256.94 |
| Total Income | 192.66 |
| EBITDA | 47.41 |
| Profit After Tax | 25.55 |
| Net Worth | 110.80 |
| Debt | 59.98 |
Airfloa Rail Technology Key Ratios (FY 2025)
| KPI | Value |
|---|---|
| ROE | 30.64% |
| ROCE | 26.28% |
| PAT Margin | 13.28% |
| EBITDA Margin | 24.61% |
| Debt-to-Equity | 0.54 |
Strengths
Competitive Strengths
Strong presence in railway, aerospace, and defence sectors.
Proven track record with marquee projects like Vande Bharat Express.
Robust financials and strong return ratios.
Experienced promoters with industry expertise.
Scalable business model with growing demand in urban mobility.
Risks to Consider
High dependence on government contracts.
Large ticket size may deter retail participation.
Competitive SME IPO space could impact subscription levels.
Should You Invest in Airfloa Rail Technology IPO?
The Airfloa Rail Technology IPO presents a unique opportunity to invest in a company deeply integrated with Indian Railways and expanding into aerospace and defence. With robust financials, industry certifications, and proven project execution, the company is positioned for sustainable growth.
However, the high minimum investment of ₹2.8 lakh makes it less accessible for small retail investors.
FAQs on Airfloa Rail Technology IPO
Q1. What is the Airfloa Rail Technology IPO GMP today?
Airfloa Rail Technology IPO GMP indicates positive listing prospects, though it fluctuates daily and is unofficial.
Q2. What is the IPO price band?
The price band is ₹133 to ₹140 per share.
Q3. When will Airfloa Rail Technology IPO allotment be declared?
Allotment will be finalized on September 16, 2025.
Q4. What is the minimum investment for retail investors?
Retail investors need to apply for at least 2 lots (2,000 shares), requiring an investment of ₹2,80,000.
Q5. When will Airfloa Rail Technology IPO list?
The IPO is expected to list on BSE SME on September 18, 2025.