Airfloa Rail Technology
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 18 Sept 2025 | ₹175 | +125.00% | ₹1,33,000 | ₹315 | ₹1,75,000 |
| 17 Sept 2025 | ₹175 | +125.00% | ₹1,33,000 | ₹315 | ₹1,75,000 |
| 16 Sept 2025 | ₹175 | +125.00% | ₹1,33,000 | ₹315 | ₹1,75,000 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 11 Sept 2025 – 15 Sept 2025
- Listing date
- 18 Sept 2025
- Face value
- ₹1 per share
- Issue price
- ₹140 per share
- Lot size
- 1,000 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹91.1 Cr
- Market cap at offer price
- ₹336 Cr
- Promoter holding
- 74.40% → 54.20% pre-issue → post-issue
- ISIN
- INE0XBS01012
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- GYR Capital Advisors Pvt.Ltd.
- Registered office
- No 9 Chelliamman, Koilstreet Keelkttala, Tamil Nadu
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 18,52,000 | — | — |
| Market maker | 3,26,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹140
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,40,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (max) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (min) | 8 | 8,000 | ₹11,20,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹140 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 14.63 | 10.66 |
| P/E (×) | 9.57 | 13.13 |
| Price to book (×) | 2.19 | — |
| Market cap | — | ₹336 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 23.06%
- ROCE
- 26.28%
- Debt / equity
- 0.54
- PAT margin
- 13.28%
- EBITDA margin
- 24.61%
- NAV per share
- ₹63.81
- Price to book
- 2.19
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.