Airflow Rail Technology IPO Opens Strong With 118% GMP, Investors Could Earn ₹165 Profit Per Share On Day One

Mumbai: Airflow Rail Technology, a company that manufactures products for the railway, defense, and aerospace sectors, launched its IPO on September 11, 2025. The IPO received a very strong response from the market on the first day itself.

The company’s unlisted shares are currently trading at around Rs 305 in the grey market, which is Rs 165 higher than its issue price of Rs 140. This means the stock is trading at a 118 percent premium, giving early investors the hope of big gains.

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IPO Details: Price Band, Lot Size & Minimum Investment

The IPO will remain open for bidding until September 15, 2025.

Price band: Rs 133 to Rs 140 per share

Lot size: 1,000 shares

Minimum investment: At least 2,000 shares, i.e., Rs 2.80 lakh

The issue consists of 65 lakh fresh equity shares, and the company aims to raise Rs 91.10 crore through this IPO.

Why Is the Company Raising Funds?

The company will use the IPO proceeds for:

- Buying new machines and equipment

- Repaying debts

- Meeting working capital needs

- General corporate purposes

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Who’s Managing the IPO?

Registrar: KFIN Technologies

Lead Manager: GYR Capital Advisors (the sole book running lead manager)

Allotment and Listing Timeline

Allotment Date: September 16, 2025

Listing Date: Expected on September 18, 2025, on the BSE SME Index

About Airflow Rail Technology

Airflow Rail Technology supplies key components used in rolling stock for Indian Railways, especially through units like Integral Coach Factory (ICF) and other railway coach production units.

The company also works on turnkey interior furnishing projects for Indian Railways. In defense and aerospace sectors, it produces high-precision, critical engineering components.

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Financials (FY 2024–25)

Revenue: Rs 192.38 crore

Expenses: Rs 157.69 crore

Net Profit: Rs 25.54 crore

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions related to IPOs or stocks.