Airfloa Rail Technology IPO Sees Exceptional Demand, Subscribed 301.52x on Day 3

Airfloa Rail Technology Limited's initial public offering (IPO) has witnessed remarkable investor interest, closing its third day of subscription with an outstanding 301.52 times oversubscription by 5:04:34 PM on September 15, 2025. Priced at ₹133-140 per share, the ₹91.10 crore IPO reflects exceptional market reception for this railway rolling stock components manufacturer, incorporated in 1998.

Airfloa Rail Technology IPO non-institutional investors segment leads with remarkable 349.88 times subscription, whilst individual investors demonstrate exceptional participation at 330.31 times and qualified institutional buyers (ex-anchor) show impressive interest at 214.65 times, reflecting outstanding investor confidence in this company.

IPO Subscription Status

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Day 3 Subscription Details (as of September 15, 2025, 5:04:34 PM)

Key Highlights - Day 3

• Overall subscription surged to 301.52 times, a remarkable rise from Day 2's 65.32 times.
• Non-institutional investors led with 349.88 times subscription.
• Individual investors subscribed 330.31 times, showing robust retail demand.
• Qualified institutional buyers subscribed 214.65 times, a sharp jump from earlier days.
• Total applications reached 4,14,241, highlighting massive investor participation.
• Cumulative bid amount stood at ₹18,273.93 crores, far exceeding the issue size of ₹91.10 crores.

Key Highlights - Day 2

• Overall subscription stood at 65.32 times, up from Day 1’s 22.25 times.
• Retail participation reached 97.43 times.
• NII bids stood at 76.40 times.
• QIB segment at 0.72 times, showing early institutional entry.

Key Highlights - Day 1

• Overall subscription reached 22.25 times on opening day.
• Retail participation stood at 34.17 times.
• NII bids at 24.06 times.
• No institutional participation on Day 1.

About Airfloa Rail Technology Limited

Incorporated in December 1998, Airfloa Rail Technology Limited manufactures railway rolling stock components and provides turnkey interior furnishing solutions for projects such as the Vande Bharat Express and Agra-Kanpur Metro. The company also caters to aerospace and defence industries and holds ISO 9001:2015 and EN 15085-2 certifications.