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Objective of the Issue
- Capital expenditure towards purchase of Machinery and equipment.
- Repayment of a portion of certain outstanding borrowing availed by our company.
- Funding of the working capital requirement of our Company.
- General corporate purposes.
IPO Details, Price, Market Lot
| IPO Details | |
| IPO Open Date | 11 September 2025 |
| IPO Close Date | 15 September 2025 |
| IPO Issue Size | 65,07,000 Shares (Aggregating up to ₹91.10 Cr) |
| Fresh Issue | 65,07,000 Shares (Aggregating up to ₹91.10 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 35% of the offer |
| NII Portion | Not less than 15% of the offer |
| QIB Portion | Not more than 50% of the offer |
| Listing At | BSE SME |
| IPO Price | |
| Face Value | ₹10 Per share |
| IPO Price Band | ₹133 to ₹140 Per share |
| IPO Lot Size | 1,000 Shares |
| IPO Issue Type | Book Built Issue |
| Time Table (Tentative) | |
| IPO Open Date | 11 September 2025 |
| IPO Close Date | 15 September 2025 |
| Basis of Allotment Date | 16 September 2025 |
| Initiation of Refunds | 17 September 2025 |
| Credit of Share to Demat Account | 17 September 2025 |
| IPO Listing Date | 18 September 2025 |
| Company Promotor & Promotor’s Holding | |
| Mr. Manikandan Dakshnamoorthy, Ms. Nandhini Manikandan, Mr. Sathishkumar Venkatesan and Mr. Venkatesan Dakshinamoorthy are promoters of the company. | |
| Pre Issue Promotor Holding | 74.40% |
| Post Issue Promotor Holding | — |
| Company’s Contact & Address | |
| Airfloa Rail Technology No 9 Chelliamman, Koilstreet Keelkttala, Chennai, Tamil Nadu, 600117 Phone: +91 9600621490 Email: cs@airflow.co.in Website: https://www.airflow.co.in/ |
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| IPO Registrar, Lead Manager, Prospectus | |
| IPO Prospectus | |
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| IPO Registrar | |
| Kfin Technologies Ltd | |
| IPO Lead Manager | |
| GYR Capital Advisors Pvt Ltd | |
Airfloa Rail Technology IPO Lot Size
| Number of Shares Per Lot = 1000 shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Minimum) | 2 | 2,000 | ₹2,80,000 |
| Retail (Maximum) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Minimum) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Maximum) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Minimum) | 8 | 8,000 | ₹11,20,000 |
| Number of Shares Per Lot = 1000 shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,80,000 |
| Retail (Max) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,20,000 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 31 March 2025 | 25,693.99 | 19,266.26 | 2,554.76 | 11,080.17 | 5,997.71 |
| Period Ended | 31 March 2025 | ||
| Assets | 25,693.99 | ||
| Revenue | 19,266.26 | ||
| P A T | 2,554.76 | ||
| Net Worth | 11,080.17 | ||
| Borrowings | 5,997.71 | ||
| Amount in ₹ Lakh | |||