Airfloa Rail Technology Ltd Logo

Airfloa Rail Technology Ltd IPO

NSELot: 1000

LISTEDSME
Issue Price140
Listing266
Current289
Price Band
133 - ₹140
Lot Size
1,000
Issue Size
₹91.1 Cr
GMP
0
Subscription
22.25x

IPO Schedule

1
Open
11 Sept
2
Close
15 Sept
3
Allotment
16 Sept
4
Listing
18 Sept

About Airfloa Rail Technology Ltd

Airfloa Rail Technology Ltd is an SME focused on providing comprehensive solutions for the railway sector. They specialize in manufacturing and supplying railway-related products and services, aiming to contribute to the modernization and efficiency of railway infrastructure.

Subscription Status

QIB
0.00x
NII
24.06x
Retail
34.17x
CategoryDay 3Day 2Day 1
QIB214.65x0.72x0.00x
NII349.88x76.40x24.06x
Retail330.31x97.43x34.17x
Total301.52x65.32x22.25x

Risk Factors

SME IPOs are inherently more volatile and carry higher risk compared to mainboard IPOs.
Reliance on the railway sector exposes the company to risks associated with government policies, infrastructure spending, and economic conditions.
Limited operating history and smaller size compared to larger players in the railway industry could pose challenges in competing for large contracts.

Promoters & Management

The key management team of Airfloa Rail Technology Limited includes: Mr. Venkatesan Dakshinamoorthy (Chairman and Managing Director), Mr. Manikandan Dakshna Moorthy (Joint Managing Director), Mr. Sathishkumar Venkatesan (Whole-time Director), Ms. Nandhini Manikandan (Non-Executive Director), Mr. P S Karunakaran (Chief Financial Officer), and Mr. Thygarajan Sivakumar (Company Secretary and Compliance Officer). Mr. Venkatesan Dakshinamoorthy has over two decades of experience with the company. Mr. Manikandan Dakshna Moorthy leads the entire management team and exemplifies visionary leadership and innovative thinking. Mr. Sathishkumar Venkatesan has completed Bachelor of Engineering from Sathyabama University and Master of Science from Coventry University. Ms. Nandhini Manikandan is the Promoter and Non-Executive Director of our Company. Mr. Sudhanshu Mani is the Independent Director of our Company. He has completed his Mechanical engineer from Institute of Mechanical Engineers, London. Mr. Tilak Raj Seth is the Independent Director of our Company. He has completed his Bachelor of engineering in Electrical Engineering from Delhi college of Engineering and Bachelor of Law from university of Delhi. The Directors of the Company do not have the experience of having held directorship of public listed company.