Home
Charts
Search
Watchlist
Products
All IPOs
₹140 - 140
Airfloa Rail Technology Ltd
Capital Goods-Non Electrical EquipmentIPOSME
₹140 - 140
We are engaged in the manufacturing of components which are used in the rolling stock for the Indian Railways through railway production units like Integral Coach Factory ("ICF"), other coach factories. In addition to manufacturing the rolling stock components, we carry out turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, we manufacture intricate, highly engineered, and vital components. Along with Indian Railways through ICF and other coach factories, we also serve other Rails factories, and global rolling stock OEMs.
Lot1,000Min Invest₹2,80,000Face Value₹10Issue Size₹91 CrFresh Issue₹91 CrListing Price₹266CMP₹457
Timeline
11 Sept
Bidding opens
15 Sept
Bidding closes
16 Sept
Allotment
17 Sept
Refund & demat credit
18 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹91 Cr0.65 Cr shares
Fresh Issue₹91 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 49.94% · NII 15.05% · RETAIL 35.01%
Application Sizes
Retail₹2,80,0001-1 lots
sNII₹2,80,000from 2 lots
bNII₹11,20,000from 8 lots
Managers & Registrar
Lead ManagerGYR Capital Advisors Private Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group74.4%54.2%Public25.6%45.8%
Objects of the Issue
- Capital expenditure towards purchase of machinery and equipment
- Repayment of a portion of certain outstanding borrowing availed by our company
- Funding working capital requirements
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY25 | FY26 |
|---|---|---|
| RevenueCr | 192 | 320 |
| Operating ProfitCr | 48 | 64 |
| OPM% | 25.1 | 20.1 |
| PBTCr | 35 | 53 |
| PATCr | 26 | 39 |
| EPS | 16 | 19 |
Balance Sheet
| Financial Year | FY25 | FY26 |
|---|---|---|
| Equity CapitalCr | 17 | - |
| ReservesCr | 93 | - |
| BorrowingsCr | 60 | - |
| Total AssetsCr | 257 | - |
Cash Flow
| Financial Year | FY25 | FY26 |
|---|---|---|
| Operating Cash FlowCr | -4 | -57 |
| Investing Cash FlowCr | -6 | -22 |
| Financing Cash FlowCr | 13 | 88 |
| Net Cash FlowCr | 2 | 9 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Long-standing customer base leading to stability in our business operations.
- Management team having established track record.
- Established track record of successfully completed projects.
- Strong order books.
Strategies · as stated in the DRHP
- Leverage our industry-leading capabilities to diversify our customer base further and enhance our penetration and wallet with existing clients by introducing new component lines.
- Expand our manufacturing capabilities to Enhance Client Servicing, Achieve Scale and Deliver Execution Excellence.
- Optimize Costs, Enhance Efficiency, Advance Technology and Strengthen Financial Position.
- Transitioning to a Full-Fledged Rolling Stock Solutions Provider.
Risks · as stated in the DRHP
- The company is business and revenues are substantially dependent on Indian Railways. Any adverse change in policy of the Ministry of Railways, GOI "MoR" may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on the company business and results of operations.
- The company is depend on the entities under Indian Railways for a significant portion of contracts in its order book which are awarded on a tender basis. There is no assurance that its bids will be accepted and future contracts will be awarded to it by Indian Railways. This may result in an adverse effect on the company business growth, financial condition and results of operations.
- Increases in the prices of raw materials required for the company operations could adversely affect its business and results of operations.
- Its Subsidiary company is in a similar line of business as it which may involve conflict of interest, which could adversely impact the company business.
- The Company operations are subject to high working capital requirements. If its are unable to generate sufficient cash flows to allow it to make required payments, there may be an adverse effect on the company results of operations.
- The company Registered Office and one of the Manufacturing facility from where its operate is not owned by it.