Airfloa Rail Technology IPO 2025: Dates, Price Band, GMP, Subscription Status & All Details

The Airfloa Rail Technology IPO has become one of the most talked-about SME IPOs in 2025. With strong subscription numbers, a high Grey Market Premium (GMP), and robust financial performance, investors are keen to know if this IPO is worth subscribing to. In this article, we cover the Airfloa Rail IPO date, price band, lot size, GMP, financials, objectives, and expert analysis in detail.

About Airfloa Rail Technology Ltd

Airfloa Rail Technology Ltd, based in Chennai, is a leading manufacturer of rolling stock components and provides turnkey interior furnishing for rail coaches. The company primarily works with Indian Railways, but its client base also spans across the aerospace and defense sectors.

• Established reputation in manufacturing components for railway coaches.
• Expertise in modular coach interiors, HVAC ducts, and fabricated parts.
• Expanding presence in aerospace and defense engineering.

This diversified business model gives Airfloa Rail Technology strong revenue visibility and growth opportunities.

Airfloa Rail Technology IPO Dates

Airfloa Rail IPO Price Band, Issue Size & Lot Size

Airfloa Rail Technology Financial Performance

Airfloa Rail has shown strong growth in revenue and profitability, making it an attractive pick for investors.

• Order book stands at ₹375.9 crore (as of August 28, 2025).
• Strong balance sheet with improving margins.

Objectives of the IPO

The company will utilize IPO proceeds for:

1. Capital Expenditure – Purchase of machinery & equipment (~₹13 crore).
2. Working Capital – To meet growing project demands (~₹59.3 crore).
3. Debt Repayment – Repayment of select borrowings (~₹6 crore).
4. General Corporate Purposes – For expansion & operations.

Airfloa Rail Technology IPO Subscription Status

• On Day 1, the IPO was subscribed 4.15x overall.
• Retail Investors’ Portion – 7.26x subscribed.
• NII/HNI Portion – 3.68x subscribed.
• QIB Portion – 1.52x subscribed.

This shows huge investor interest, especially among retail applicants.

Airfloa Rail Technology IPO GMP (Grey Market Premium)

• GMP is currently around ₹160–₹165 per share.
• This is nearly 114%–118% above the upper price band of ₹140.
• At this GMP, investors expect strong listing gains if the trend continues.

Note: GMP is unofficial and keeps changing. It only indicates market sentiment, not guaranteed listing price.

Strengths of Airfloa Rail Technology IPO

• Strong financial growth and healthy margins.
• Large order book of ₹375+ crore ensures revenue visibility.
• High demand in subscription and robust GMP.
• Diversified presence in railways, aerospace, and defense sectors.
• Experienced management team with proven track record.

Risks & Considerations

• Being an SME IPO, liquidity on listing may be limited compared to mainboard IPOs.
• Heavy dependency on government contracts (Railways).
• Expansion risks due to high capex requirements.
• GMP can be volatile and doesn’t guarantee long-term returns.

Airfloa Rail Technology IPO: Expert Review

• Short-Term Investors: GMP suggests strong listing gains, making it attractive for those looking for quick profits.
• Long-Term Investors: Solid financials, growing demand in railways & aerospace, and a strong order book make it a good long-term bet as well.

Conclusion: Should You Apply for Airfloa Rail Technology IPO?

The Airfloa Rail Technology IPO 2025 ticks most boxes for investors. With robust subscription figures, healthy GMP, solid order book, and strong financial performance, it looks attractive both for listing gains and long-term growth.

👉 If you are comfortable with SME IPO risks, this could be a rewarding investment opportunity.