The primary market is currently buzzing with activity.
Right now, four SME segment IPOs are open for subscription, and many more are lined up, including companies from both SME and mainboard segments.
Among them is Airfloa Rail Technology, whose IPO is already creating excitement in the grey market before its official opening.
Key Details of the IPO
IPO Dates: Opens on September 11 (Thursday) and closes on September 15 (Monday).
Investors can subscribe only on three days – Thursday, Friday, and Monday.
Issue Size: The company plans to raise ₹91.10 crore.
Out of this, ₹4.56 crore is reserved for market makers, leaving a net public issue of ₹86.53 crore.
Type of Issue: This is a completely fresh issue.
Price Band: Fixed between ₹133 and ₹140 per share.
Lot Size: One lot will consist of 1000 shares.
Allotment & Listing: Share allotment is likely on September 16, and the company will list on BSE SME on September 18.
Grey Market Premium (GMP) Trends
The IPO is showing strong demand in the grey market.
Current signals suggest that the shares may list around ₹290, which is ₹107.14 above the upper price band.
Expected Profit: Investors could gain about ₹150 per share, i.e., ₹1,50,000 per lot.
This premium trend has remained stable for the last three days.
About the Company
Founded in December 1998, Airfloa Rail Technology Ltd. is a leading manufacturer of rolling stock components and interiors for Indian Railways.
Major Contributions: Projects like Vande Bharat Express, Agra-Kanpur Metro, RRTS, Vistadome Coaches, and Sri Lanka DEMU.
Other Sectors: The company also makes complex aerospace and defense parts, such as AMCA ground simulators and artillery tank bodies.
Certifications: Holds ISO 9001:2015, EN 15085-2, and BMS certifications, ensuring high-quality and safety standards.
Products: Passenger seats, user-friendly doors, air diffusers, and modern interior designs.
Workforce: As of July 2025, it employs 281 staff (including contract workers).
