Archive: 2025 / 09
13Sep
Airfloa Rail Technology IPO jumps on 118% GMP as subscriptions cross 30x
Airfloa Rail Technology’s SME IPO sparked a frenzy with a 118% grey market premium and subscriptions topping 30x by day two. Priced at Rs 133–140, the Rs 91.10 crore fresh issue closes Sept 15, with allotment on Sept 16 and listing on Sept 18. The rail components maker counts ICF and metro projects among clients, has a Rs 376 crore order book, and is backed by ex-ICF GM Sudhanshu Mani as technology advisor.