Overview
- The book-building fresh issue of 65 lakh shares at Rs 133–140 opened on Sept. 11 and closes on Sept. 15, managed by GYR Capital with Kfin as registrar and Giriraj as market maker.
- An unofficial grey market premium near Rs 165 per share suggests an estimated Rs 305 listing price and roughly 118% upside, though such indications are speculative and not guaranteed.
- Net proceeds are earmarked for new machinery and equipment, debt repayment, working capital needs and general corporate purposes.
- The indicative timetable shows allotment on Sept. 16, refunds and demat credits on Sept. 17 and a tentative BSE SME listing on Sept. 18.
- Founded in 1998, Airfloa supplies rolling-stock components and precision parts to rail, defence and aerospace, and it reported FY25 total income of Rs 192.66 crore with net profit of Rs 25.55 crore following FY24 growth.