Airfloa Rail Technology IPO subscribed 12.46 times so far on day 1: Check price band, lot size, key dates and more

Airfloa Rail Technology IPO: The initial public offering is a fresh issuance of 65,07,000 shares aggregating to ₹91.10 crore. There is no offer for sale component. Airfloa Rail Technology IPO has been subscribed 12.46 times so far on the first day of bidding on Thursday, September 11. The initial share sale will conclude on Monday, September 15. The issue has received bids for 5,80,10,000 shares compared to 46,55,000 shares on offer, according to the BSE data until 2 pm. The issue has received bids for 5,80,10,000 shares compared to 46,55,000 shares on offer. The initial public offering is a fresh issuance of 65,07,000 shares aggregating to ₹91.10 crore. There is no offer for sale component. The funds raised to the tune of ₹13.67 crore will be used for capital expenditure towards the purchase of machinery and equipment, ₹59.27 crore for working capital requirements and ₹6 crore for debt repayment. A part will also be used for general corporate purposes. "In addition, our company expects to receive the benefits of listing its equity shares on the stock exchanges, including enhancing its visibility and brand image, and creating a public market for our equity shares," the firm said in its red herring prospectus (RHP). Airfloa Rail Technology IPO lot size A lot consists of 1,000 shares. The minimum investment for an individual investor is two lots or 2,000 shares. Airfloa Rail Technology IPO timeline: Allotment and listing dates | Event | Date | |-------------------|--------------------| | Subscription period | September 11 to September 15 | | Basis of allotment | September 16 | | Initiation of Refunds | September 17 | | Credit of Shares to Demat | September 17 | | Listing date | September 18 | GYR Capital Advisors Private Limited is the IPO's book-running lead manager, while KFIN Technologies serves as the registrar. Upcoming IPOs: Prozeal Green Energy, Neilsoft get SEBI approval to raise funds via public offers About Airfloa Rail Technology Airfloa Rail Technology makes components used in the rolling stock for the Indian Railways through railway production units such as Integral Coach Factory and other coach factories. It also carries out turnkey interior furnishing projects for railways. Furthermore, it makes intricate, highly engineered, and vital components for aerospace and defence sectors. The company posted revenue from operations of ₹192.38 crore and a net profit of ₹25.54 for the financial year ended March 2025. Airfloa Rail Technology IPO GMP According to investorgain.com and media reports, Airfloa Rail Technology' unlisted shares are trading at ₹305 per share, reflecting a grey market premium, or GMP, of 117.86% over the upper price band of ₹140. Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions. To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.