The bidding period for the Airfloa Rail Technology SME IPO was from September 11 to September 15, 2025. The allotment basis will be determined on September 16, 2025. To check the allotment status on BSE, visit the application status page, select the Issue Type and Issue Name, provide your details, and click Submit. For Kfin Technologies, access the IPO allotment page, select the IPO, enter your PAN, Application Number, or Demat Account, solve the captcha, and click Submit. The IPO details include an issue size of ₹91.10 crore (fresh issue of 0.65 crore shares) with a price band of ₹133 to ₹140 per share. The tentative listing is scheduled for September 18, 2025, on BSE, with GYR Capital Advisors Pvt.
Ltd. as the book running lead manager and Kfin Technologies as the registrar. The proceeds will be used for capital expenditures related to machinery and equipment, working capital needs, repayment of outstanding debt, and general corporate purposes. As of September 15, 2025, the subscription status shows strong interest from qualified institutional investors (QIBs), non-institutional investors, and individual investors. The grey market performance on September 16, 2025, indicates a GMP of ₹175, with an estimated listing price of ₹315, suggesting a potential gain of approximately 125% per share over the upper price band. The IPO has generated significant anticipation with robust demand across all investor categories.