Airfloa Rail Technology Ltd IPO

LISTED
SME

NSE • Lot Size: 1000 • Capital Goods-Non Electrical Equipment

Issue140
Listed266+90%
Now303+116.4%
116.4%

*Last updated on 11 Jan 2026

Price Band

₹133 - ₹140

Lot Size

1000

Issue Size

₹91.1 Cr

GMP

N/A

Subscription

301.52x

Analyzing...

IPO Schedule

1

Open

11 Sept 2025

2

Close

15 Sept 2025

3

Allotment

16 Sept 2025

4

Listing

18 Sept 2025

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.

Key Strengths

  • High Return on Equity (ROE) of 30.64% indicates strong profitability and efficient use of shareholder funds.
  • Attractive P/E ratio of 9.57 suggests the company is undervalued compared to its earnings, potentially offering investment opportunity.
  • Focused business model within the railway sector allows for specialization and development of expertise.
  • SME status provides certain regulatory advantages and access to specific government schemes.
  • Potential for growth driven by ongoing investments in railway infrastructure development in India.

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.

Valuation Analysis

The IPO appears attractively priced given the company's high ROE and low P/E ratio; however, investors should carefully consider the inherent risks associated with SME IPOs and the railway sector.

IPO Details

ExchangeNSE
SegmentSME
ISININE0XBS01012
NSE SymbolAIRFLOA
Face Value10
Lot Size1000
Issue Size₹91.1 Cr

Key Metrics

ROE30.64%
ROCE26.28%
P/E Ratio9.57
Industry P/E20
EPS14.63
PAT Margin13.28%
Debt/Equity0.54

Growth & Quality

ProfitableYes ✓

Subscription

Total22.25x

Documents

Key Dates

Open Date11 Sept 2025
Close Date15 Sept 2025
Allotment16 Sept 2025
Listing18 Sept 2025