Airfloa Rail Technology IPO Subscription Status
Airfloa Rail Technology IPO was subscribed 65.32× on its second day (till 5:00 PM, 12 Sept 2025).
- QIB portion: 0.72×
- NII portion: 76.40×
- RII portion: 97.43×
Total bids reached 28,27,80,000 shares against 43,29,000 shares offered.
About Airfloa Rail Technology
Founded in 1998, Airfloa Rail Technology Limited designs and manufactures high-precision components for Indian Railways, including work for the Integral Coach Factory (ICF) and other major coach facilities.
- Supplies train interiors and complex parts for aerospace and defence industries.
- Executes projects for Sri Lankan railways, Agra–Kanpur Metro RRTS, Vistadome coaches, and the Train-18 Vande Bharat Express.
- Recognised for versatile manufacturing, a strong order book, and a scalable financial model that supports continued growth.
Financial Highlights
- Revenue FY 2025: ₹192.66 crore (up from ₹122.87 crore in FY 2024)
- Net Profit FY 2025: ₹25.56 crore (vs ₹14.23 crore in FY 2024)
- Demonstrates robust year-on-year growth in both top-line and bottom-line results.
Grey Market Premium (GMP)
As of 12 Sept 2025, the IPO commanded a GMP of ₹166, implying an estimated listing price around ₹306 compared to the issue price of ₹140.
