Airfloa Rail Technology Limited
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₹175(125.00%)
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Airfloa Rail Technology Limited's has transitioned to a publicly listed entity following its IPO debut on Sep 18, 2025 at the BSE exchange. The public offering successfully raised 65,07,000 Shares, consisting of 65,07,000 Sharesin new capital.
The IPO featured a competitive price range of ₹133 to ₹140 and minimum application size of 1000 shares. Market reception was evidenced through subscription activity between Sep 11, 2025 and Sep 15, 2025, reflecting investor appetite for the offering.
Allotment of shares was completed on Sep 16, 2025, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Airfloa Rail Technology Limited, established in December 1998, is a certified ISO 9001:2015, EN 15085-2, and BMS company engaged in the manufacturing of high-precision components and turnkey interior furnishing solutions for the railway, aerospace, and defense sectors. With a team of 255 employees, including contract staff and senior management, the company has built a strong reputation in the railway segment by supplying to major Indian Railways production units such as the Integral Coach Factory and other coach-building facilities. It has played a key role in several landmark projects, including the Vande Bharat Express (Train-18), Vistadome coaches, Sri Lankan DEMU, mainline coaches, the Agra-Kanpur Metro, and the Regional Rapid Transit System. Expanding beyond railways, the company also contributes to the aerospace and defense industries by manufacturing critical components for projects like the Advanced Medium Combat Aircraft (AMCA) ground simulators and artillery tank bodies. Its specialized product range includes seating systems designed for comfort during long journeys, integrated coach doors that ensure safe and efficient passenger movement, climate control systems with advanced air diffusers, and a variety of interior elements such as large windows, roof panels, and Passenger Information Display Systems.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Proven Industry Legacy – More than 25 years of operations backed by ISO, EN 15085-2, and BMS certifications, ensuring global standards, compliance, and trust.
- Comprehensive Turnkey Solutions – Expertise in providing complete interior solutions from design to execution across railways, aerospace, and defense sectors.
- Strong Project Credentials – Key supplier for prestigious projects such as Vande Bharat Express and RRTS, reinforcing brand reputation and customer confidence.
- Revenue Dependence on Indian Railways – A substantial portion of business comes from Indian Railways, making performance highly vulnerable to its policies, approvals, and tender outcomes.
- Uncertainty in Tender-Driven Model – Since the business relies on competitive bidding, there is no guarantee of winning contracts, which may restrict revenue visibility and growth prospects.
- Exposure to Raw Material Price Fluctuations – Volatility in the prices of steel, aluminum, and composites can increase costs, reduce margins, and adversely affect profitability.
- Mr. Venkatesan Dakshinamoorthy
- Mr. Manikandan Dakshnamoorthy
- Ms. Nandhini Manikandan
- Mr. Sathishkumar Venkatesan
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