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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Airfloa Rail Technology Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹140
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,40,000
Issue Size
₹91.1 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.94%
NII Quota
15.05%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
74.4%
Promoter Holding (Post-Issue)
54.2%
Issue Type
Book Building - SME
ISIN
INE0XBS01012
We are engaged in the manufacturing of components which are used in the rolling stock for the Indian Railways through railway production units like Integral Coach Factory ("ICF"), other coach factories. In addition to manufacturing the rolling stock components, we carry out turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, we manufacture intricate, highly engineered, and vital components. Along with Indian Railways through ICF and other coach factories, we also serve other Rails factories, and global rolling stock OEMs.
The government of India has focused on investing in railway infrastructure by making investor-friendly policies. It has moved quickly to enable Foreign Direct Investment (FDI) in railways to improve infrastructure for freight and high-speed trains. At present, several domestic and foreign companies are also looking to invest in Indian rail projects. Indian railways launched Semi-high-speed self-propelled trains that have ultra-modern features like quick acceleration, a substantial reduction in travel time, a maximum speed of 160 kmph, on-board infotainment and GPS-based passenger information system, automatic sliding doors, retractable footsteps and Zero discharge vacuum bio-toilets, CCTV cameras etc. and other contemporary features as per global standards. According to Indian Railways 2023 book, Indian railways plan to market semi-high-speed `Vande Bharat' trains by 2025-26 to European, South American, and East Asian markets for exporting 'Made in India' trains.
Revenue, profit after tax and total assets for the last reported financial year.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 65,07,000 equity shares of face value Rs. 10/- each (the "Equity Shares") of Airfloa Rail Technology Limited ("the Company" or the "Issuer") for cash at an issue price of Rs. 140 per equity share (including a securities premium of Rs. 130 per equity share) ("Issue Price"), aggregating up to Rs. 91.10 crores (the "Issue") of which 3,26,000 equity shares aggregating to Rs. 4.56 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 61,81,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 140 per equity share aggregating upto Rs. 86.53 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.15 % and 25.79 % respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was originally incorporated as `Air Flow Equipments (India) Private Limited' a private limited company under the Companies Act, 1956 at Chennai, Tamil Nadu, pursuant to a certificate of incorporation dated December 14, 1998, issued by the Registrar of Companies, Tamil Nadu, Chennai, ("RoC"). Thereafter, name of our Company was changed from `Air Flow Equipments (India) Private Limited' to `Airfloa Rail Technology Private Limited', consequent to name change, pursuant to a special resolution passed by the shareholders of our Company on July 18, 2024, and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Central Processing Centre on August 27, 2024. Thereafter, name of our Company was changed from `Airfloa Rail Technology Private Limited' to `Airfloa Rail Technology Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on September 12, 2024 and a fresh certificate of incorporation consequent to conversion of the company was issued by the Registrar of Companies, Central Processing Centre on November 15, 2024. Our Company's Corporate Identity Number is U30204TN1998PLC041571.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25.