A new initial public offering (IPO) in the railway sector is generating significant buzz among investors. Airfloa Rail Technology, a company that supplies components to the Indian Railways, is set to launch its IPO on September 11.
The company has priced its shares in the range of ₹133 to ₹140. What’s really turning heads is the strong interest in the grey market, an unofficial indicator of investor sentiment. The Grey Market Premium (GMP) has reportedly surged to around 118-120%, suggesting that the shares could list for more than double their issue price.
This excitement stems from Airfloa’s established business and solid financial performance. Incorporated in 1998, the company manufactures a wide range of products for Indian Railways, including rolling stock components and turnkey interior projects for major ventures like the Vande Bharat Express and various metro systems. It has also diversified into the aerospace and defense sectors. Financially, Airfloa has shown impressive growth, with its revenue and net profit increasing significantly in recent years.
The IPO, which aims to raise approximately ₹91 crore, is a fresh issue of shares.[This means the funds will go directly to the company. Airfloa plans to use the proceeds for purchasing new machinery, repaying some of its debt, and funding its working capital requirements, signaling a focus on expansion.
The offering will be open for subscription from September 11 to September 15, and the shares are expected to be listed on the BSE SME platform on September 18.
For potential investors, here are the key details:
- IPO Dates: September 11 – September 15, 2025
- Price Band:₹133 – ₹140 per share.
- Lot Size: The minimum investment for retail investors is for a lot of 1,000 shares.
- Listing Date: Tentatively September 18, 2025.
Given the strong grey market interest and the company’s solid footing in the railway supply chain, the Airfloa Rail IPO is shaping up to be one of the most watched offerings in the SME segment.
Read More: Forget the Hype: Here’s What You Actually Need to Know About the Airfloa Rail IPO
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