Market Performance
The stock market today witnessed an eye-catching debut as Airfloa Rail Technology share price listed on the BSE SME at ₹266 per share, a sharp 90% premium over its IPO issue price of ₹140.
The listing was capped at 90% by SME exchange regulations, which restrict maximum listing-day gains to this limit. Despite market buzz indicating higher premiums, the stock opened at the upper ceiling, highlighting the strength of investor demand.
IPO Journey and Key Highlights
Airfloa Rail Technology’s IPO turned out to be one of the most sought-after issues in recent times. The company opened its IPO on September 11, 2025, and closed it on September 15, 2025. The allotment was finalized on September 16, and the stock hit the markets on September 18.
- Issue Size: ₹91.10 crore (entirely fresh issue)
- Shares Offered: 65 lakh equity shares
- IPO Price Band: ₹140 per share
- Lot Size: 1,000 shares (minimum investment of ₹2,80,000 at the upper band)
The company also raised ₹25.93 crore from anchor investors ahead of the opening on September 10, setting the stage for strong demand.
Subscription Data
Investor participation was nothing short of extraordinary, with bids pouring in across categories:
- Retail Investors: 330.31 times subscription
- Non-Institutional Investors (NIIs): 349.88 times
- Qualified Institutional Buyers (QIBs): 214.65 times
- Overall Subscription: 301.52 times
This overwhelming response underscored the trust investors placed in the company’s growth story.
Fund Utilisation Plan
The fresh capital raised will be strategically deployed:
- Capital expenditure for new machinery and equipment
- Partial repayment of outstanding borrowings
- Strengthening of working capital base
- Allocation towards general corporate purposes
About Airfloa Rail Technology
Founded in December 1998, Airfloa Rail Technology Limited has steadily built a reputation as a reliable supplier of critical components to the Indian Railways’ rolling stock ecosystem.
Its clients include major coach factories such as the Integral Coach Factory (ICF) and others across India. The company is also involved in interior projects and manufactures complex components for the aerospace and defence sectors.
Notable Contributions
Airfloa Rail Technology has been part of prestigious projects, including:
- Sri Lankan DEMU coaches
- Mainline coaches for Indian Railways
- Agra-Kanpur Metro and RRTS projects
- Vistadome coaches
- Train-18 Vande Bharat Express interiors and rolling stock parts
These projects reflect its strong technical expertise and its ability to deliver high-quality, precision-driven products.
Company Details
- Incorporation: December 1998
- Sector: Railway components, Aerospace & Defence parts
- Registrar: Kfin Technologies
- Lead Manager: GYR Capital Advisors
- Market Maker: Giriraj Stock Broking
Summary
Airfloa Rail Technology share price debuted on BSE SME at ₹266, a strong 90% premium to its issue price, reflecting solid investor confidence in the company’s business model and growth potential.
With strong IPO subscription figures, strategic fund deployment, and a track record of contributing to landmark rail and metro projects, the company’s listing marked a significant milestone in its growth journey.
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