Airfloa Rail Technology IPO GMP & Review: Apply or Avoid?

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Airfloa Rail Technology IPO is open for bidding from 11th September 2025 to 15th September 2025. It is a bookbuilding IPO of ₹91.10 crore, comprising a fresh issue of 0.65 crore shares. The problem will be listed on BSE and SME on its tentative listing date, 18th September 2025.

Airfloa Rail Technology IPO Details 

The Airfloa Rail Technology IPO date is fixed between 11th September 2025 and 15th September 2025. The face value of Airfloa Rail Technology IPO shares stands at ₹10 per share, and the IPO price is set at ₹133.00 to ₹140.00 per share.

Kfin Technologies Limited is the registrar of the Airfloa Rail Technology IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Airfloa Rail Technology IPO Share Reservation

Airfloa Rail Technology IPO is a bookbuilding IPO of ₹91.10 crores, comprising a fresh issue of 0.65 crore shares of Airfloa Rail Technology, which will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Airfloa Rail Technology IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Airfloa Rail Technology IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 9th September 2025, Airfloa Rail Technology IPO GMP stands at ₹160 per share, which means the share will likely show a listing at ₹300 on its tentative listing date, 18th September 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Airfloa Rail Technology GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Airfloa Rail Technology IPO GMP Review

Check out the detailed Airfloa Rail Technology GMP IPO review for a thorough understanding of its potential to report listing gains on 18th September 2025. The Airfloa Rail Technology IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Airfloa Rail Technology IPO.

Airfloa Rail Technology Limited’s revenue increased by 28.88% from ₹95.33 crores in March 2023 to ₹122.87 crores in March 2024. Moreover, the company’s PAT rose by 855.03% from ₹1.49 crores to ₹14.23 crores.

Airfloa Rail Technology Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Airfloa Rail Technology IPO, with its tentative listing day set for 18th September 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Airfloa Rail Technology IPO.

The P/E ratio of Airfloa Rail Technology Limited’s share is 9.57, and its Earnings Per Share (EPS) stands at 14.63. Thus, the Airfloa Rail Technology Limited IPO is expected to deliver gains on its tentative listing date, 3rd September 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Airfloa Rail Technology Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Airfloa Rail Technology Limited IPO Peer Comparison

Airfloa Rail Technology IPO Subscription Status

The Airfloa Rail Technology IPO is to be opened for bidding on 10th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Airfloa Rail Technology IPO subscription status. 

About Airfloa Rail Technology Limited

Airfloa Rail Technology Limited was established in December 1998. Airfloa Rail Technology Limited manufactures components for Indian Railways’ rolling stock through production units like the Integral Coach Factory (ICF) and other coach factories. The company manufactures rolling stock components and interior projects for Indian Railways and produces complex, crucial parts for aerospace and defence. The company made rolling stock parts and managed interior projects for Sri Lankan DEMU, Mainline Coaches, Agra-Kanpur Metro, RRTS, Vistadome Coaches, and Train-18 Vande Bharat Express. They are a key supplier to Indian Railways, manufacturing high-precision components and turnkey interior furnishings for rolling stock. They also serve the aerospace and defence sectors, making components for projects like AMCA ground simulators and artillery tank bodies. The company offers turnkey interior furnishing projects for prestigious railway projects, such as the Vande Bharat Express and the Agra-Kanpur Metro.

Airfloa Rail Technology Limited Financials

The company’s financial analysis is crucial before applying for the Airfloa Rail Technology IPO. Refer to the table to learn about Airfloa Rail Technology Limited’s financials. 

Explanation

Airfloa Rail Technology Limited’s revenue increased by 28.88% from ₹95.33 crores in March 2023 to ₹122.87 crores in March 2024. Moreover, the company’s PAT rose by 855.03% from ₹1.49 crores to ₹14.23 crores.

Airfloa Rail Technology IPO Bidding Requirements

Investors can bid for a minimum of 90 shares and in multiples of shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Airfloa Rail Technology IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

Airfloa Rail Technology IPO Promoter Holding

Take a look at the table below to review the holdings of Airfloa Rail Technology Limited’s promoters: Rakesh Ashok Markhedkar, Avinash Markhedkar, and Nakul Markhedkar.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Airfloa Rail Technology IPO

The primary aim of the Airfloa Rail Technology IPO is to raise ₹400.95 crores. On the other hand, Airfloa Rail Technology has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Airfloa Rail Technology IPO.

• To Capital expenditure towards the purchase of machinery and equipment
• To Repayment of a portion of certain outstanding borrowing availed by the company
• To fund working capital requirements
• For general corporate purposes

Should I Invest in the Airfloa Rail Technology IPO?

Explore the pros and cons of Airfloa Rail Technology to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

    Pros of Airfloa Rail Technology IPO

• Airfloa Rail Technology has strong growth and financial momentum 
• The company has a good order book and is in a good position to benefit from the Indian infrastructure upgrade in railway modernisation
• The company offers a diversified range of products that cater to various sectors.

Cons of Airfloa Rail Technology IPO

• The company has ties to government tenders and policies, which create delays and dependency.
• The company has a tender-based revenue volatility
• The company has a change in price for steel, aluminium and composites
• The company has a high borrowing level 

How to Apply for the Airfloa Rail Technology IPO?

Check the steps mentioned below to apply for Airfloa Rail Technology Limited.

• Step 1: Conduct thorough research on the Airfloa Rail Technology IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for two lots of 2,000 shares worth ₹2,80,000.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Airfloa Rail Technology IPO from more than one demat account to increase your chances of allotment. 

How to Check Airfloa Rail Technology IPO Allotment Status?

You can check whether the Airfloa Rail Technology IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On BSE

• Visit the BSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Airfloa Rail Technology IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Airfloa Rail Technology IPO allotment status.

Let’s Wrap

Airfloa Rail Technology IPO is a bookbuilding issue of shares worth ₹91.10 crores. The shares of Airfloa Rail Technology Limited will be listed on BSE and SME on its tentative listing date of 18th September 2025. Researching the Airfloa Rail Technology IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Airfloa Rail Technology IPO

How is the Airfloa Rail Technology IPO?

Ans. Currently, on 9th September 2025, the Airfloa Rail Technology IPO GMP (Grey Market Premium) stands at ₹160. It indicates that the estimated listing price could be ₹300 per share. It is a bookbuilding IPO of ₹91.10 crores, comprising a fresh issue of 0.65crore shares. The face value of each share of Airfloa Rail Technology Limited is ₹10 per share.

What is the Airfloa Rail Technology IPO price?

Ans. The Airfloa Rail Technology IPO price is set at ₹133.00 to ₹140.00 per share.  Retail investors can apply for a minimum of 2 lots consisting of 2,000 shares worth ₹2,80,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹4,20,000.

Is the Airfloa Rail Technology IPO good?

Ans. Airfloa Rail Technology Limited’s revenue increased by 30% from ₹1,102.71 crores in March 2024 to ₹1,430.12 crores in March 2025. Moreover, the company’s PAT rose by 96% from ₹31.11 crores to ₹61.11 crores.

Who is the registrar of the Airfloa Rail Technology IPO?

Ans. MUFG Intime India Private Limited is the registrar of the Airfloa Rail Technology IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Airfloa Rail Technology allotment and refund, you can contact Bigshare Services Private Limited at reachus@kfintech.com   or 04067162222, 04079611000.

What is the issue size of the Airfloa Rail Technology IPO?  

Ans. Airfloa Rail Technology IPO is a bookbuilding IPO for 0.65 crore shares worth ₹91.10 crores. Moreover, the IPO is set to open on 11th September  2025 and will be closed on 15th September 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Airfloa Rail Technology IPO, download the Airfloa Rail Technology IPO RHP and Airfloa Rail Technology IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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