Airfloa Rail Technology is set to open its IPO on September 11, 2025, and the issue will close on September 15, 2025. The IPO will follow the Book Built Issue format. Through this offering, the company aims to raise approximately ₹91.10 crores, which includes a fresh issue worth ₹91.10 crores along with an offer for sale of equity shares having a face value of ₹10 each.

The price band for the IPO is fixed between ₹133 to ₹140 per share. The quota distribution includes 50% for QIB investors, 15% for HNIs, and 35% reserved for retail investors. The basis of allotment is scheduled for September 16, 2025, and the company’s shares will make their debut on the BSE on September 18, 2025.

From a financial perspective, the company showcased strong growth in recent years. It reported a revenue of ₹122.87 crores in 2024, rising from ₹95.33 crores in 2023. Similarly, profits surged to ₹14.23 crores in 2024, compared to ₹1.49 crores in 2023. Given this performance, analysts suggest that investors may consider subscribing to the IPO with a long-term investment horizon.

About Airfloa Rail Technology IPO

Airfloa Rail Technology Limited, established in 1998, began with a vision to manufacture components for the Indian Railways. Its products are supplied to units such as the Integral Coach Factory (ICF) and other coach manufacturing facilities. Over the years, the company has expanded its expertise to produce a wide range of train parts and interiors for Indian Railways, while also manufacturing critical and complex components for the aerospace and defence sectors.

In addition to its work for Indian Railways, the company has contributed to several notable projects, including interiors and parts for Sri Lankan trains, mainline coaches, Agra–Kanpur Metro RRTS, Vistadome Coaches, and the Train-18 Vande Bharat Express.

The company’s strengths lie in its versatile capabilities and strong industry presence. It is recognized as a trusted partner in the railway, aerospace, and defence sectors, supported by advanced manufacturing facilities that deliver high-quality components. With a robust order book, a scalable business model, and consistent financial performance, Airfloa Rail Technology is well-positioned to meet growing market demands and sustain long-term growth.