Airfloa Rail Technology IPO opens on September 11: Check price band, lot size, key dates and more

Airfloa Rail Technology IPO, with a price band of ₹133 to ₹140 per share, will open for public subscription on Thursday, September 11. The issue will conclude on Monday, September 15.

The initial public offering is a fresh issuance of 65,07,000 shares aggregating to ₹91.10 crore. There is no offer for sale component.

The funds raised to the tune of ₹13.67 crore will be used for capital expenditure towards the purchase of machinery and equipment, ₹59.27 crore for working capital requirements and ₹6 crore for debt repayment. A part will also be used for general corporate purposes.

"In addition, our company expects to receive the benefits of listing its equity shares on the stock exchanges, including enhancing its visibility and brand image, and creating a public market for our equity shares," the firm said in its red herring prospectus (RHP).

Airfloa Rail Technology IPO lot size

A lot consists of 1,000 shares. The minimum investment for an individual investor is two lots or 2,000 shares.

Airfloa Rail Technology IPO timeline: Allotment and listing dates

GYR Capital Advisors Private Limited is the IPO's book-running lead manager, while KFIN Technologies serves as the registrar.

About Airfloa Rail Technology

Airfloa Rail Technology makes components used in the rolling stock for the Indian Railways through railway production units such as Integral Coach Factory and other coach factories. It also carries out turnkey interior furnishing projects for railways.

Furthermore, it makes intricate, highly engineered, and vital components for aerospace and defence sectors.

The company posted revenue from operations of ₹192.38 crore and a net profit of ₹25.54 for the financial year ended March 2025.

Airfloa Rail Technology IPO GMP