The bidding window for the Airfloa Rail Technology SME IPO was open from September 11, 2025, to September 15, 2025. The basis of allotment will be finalised today, September 16, 2025. Here’s how you can check the IPO allotment status on the BSE and registrar’s website.
Airfloa Rail Technology IPO is a fixed-price issue of ₹91.10 crores, consisting entirely of a fresh issue of 0.65 crore shares. The price band is ₹133-₹140 per share. The tentative listing on BSE SME is September 18, 2025.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, and Kfin Technologies is the registrar for the issue.
The net proceeds from the fresh issue will be used to:
(September 15, 2025, end of the day)
Category |
Subscription (times) |
Qualified Institutional Investors (QIBs) |
214.65 |
Non-Institutional Investors |
259.42 |
Individual Investors (IND category bidding for 2 Lots) |
331.48 |
Total |
281.04 |
As of September 16, 2025, the Airfloa Rail Technology IPO GMP stood at ₹175. The estimated listing price is ₹315, i.e., a 125% gain per share over the upper price band.
Source: InvestorGain Report dated 16 September 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Airfloa Rail Technology manufactures components used in the rolling stock for the Indian Railways and carries out turnkey interior furnishing projects for the Indian Railways. The company also serves other rail factories and global rolling stock OEMs, along with Indian Railways.
For FY 2025, Airfloa’s revenue from operations stood at ₹11,930.36 lakhs against ₹9,517.39 lakhs for fiscal year 2023, i.e., an increase of 25.35%.
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