Airfloa Rail Technology Ltd

The contract covers nine sets and will be executed under the Indian Railways Standard Conditions of Contract and the General Conditions of Contract for the Stores Department, with inspection to be carried out by an approved third-party agency. The work is scheduled to commence on 26 November 2025 and conclude on 10 May 2026, the company said. It added that neither the promoter nor the promoter group has any interest in MCF, and the order does not qualify as a related-party transaction. Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025. Powered by Capital Market - Live

Under the JV, Airfloa will hold a 51% stake while BBBS will hold 49%, creating a manufacturing platform for BBBS's current and future defence programmes in India. The scope includes electronic warfare systems, AI-driven autonomous defence solutions, high-precision components, advanced materials, and defence-grade system integration and testing. The partnership aims to accelerate industrialisation of defence products, strengthen export potential, and tap high-growth sectors such as UAVs and advanced materials. Separately, Airfloa Rail Technology has secured a domestic order from the Integral Coach Factory (ICF), Chennai, for the supply and installation of wider LHB coach windows (1460 ' 700 mm) with sliding shutters for non-AC coaches. The contract is valued at approximately Rs 2.87 crore, with work slated for completion by 31 October 2026. The company confirmed the order does not involve related-party transactions, and no promoter or group entity has any interest in the awarding authority. Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025. Powered by Capital Market - Live

Airfloa Rail Technology has received an order of Rs 2.84 crore from Integral Coach Factory situated in Chennai. The order is for supply and installation of wider window 1460 X 700 with sliding shutters for LHB for LHB non-AC coaches. Powered by Capital Market - Live

Under the JV, Airfloa will hold a 51% stake while BBBS will hold 49%, creating a manufacturing platform for BBBS's current and future defence programmes in India. The scope includes electronic warfare systems, AI-driven autonomous defence solutions, high-precision components, advanced materials, and defence-grade system integration and testing. The partnership aims to accelerate industrialisation of defence products, strengthen export potential, and tap high-growth sectors such as UAVs and advanced materials. Separately, Airfloa Rail Technology has secured a domestic order from the Integral Coach Factory (ICF), Chennai, for the supply and installation of wider LHB coach windows (1460 ' 700 mm) with sliding shutters for non-AC coaches. The contract is valued at approximately Rs 2.87 crore, with work slated for completion by 31 October 2026. The company confirmed the order does not involve related-party transactions, and no promoter or group entity has any interest in the awarding authority. Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025. Shares of Airfloa Rail Technology fell 1.17% to settle at Rs 377 on the BSE.Powered by Capital Market - Live

Airfloa Rail Technology will hold a meeting of the Board of Directors of the Company on 13 November 2025.Powered by Capital Market - Live

The contract involves the supply and installation of interior furnishing for Amrit Bharat Coaches on a turnkey basis. According to the company, the project is scheduled to be completed within 15 months. In a regulatory filing, Airfloa Rail Technology clarified that neither its promoters nor any members of the promoter group hold any interest in the awarding authority. The company also confirmed that the transaction does not constitute a related-party transaction under applicable regulations. Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025. Powered by Capital Market - Live

The scrip was listed at Rs 266, a premium of 90% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 279.30 and a low of Rs 266. About 9.20 lakh shares of the company changed hands at the counter. Airfloa Rail Technology's IPO was subscribed 281.04 times. The issue opened for bidding on 11 September 2025 and it closed on 15 September 2025. The price band of the IPO was fixed between Rs 133 to Rs 140 per share. The IPO comprised fresh issue of 65,07,000 equity shares. The company intends to utilize the net proceeds for capital expenditure towards purchase of machinery and equipment, repayment of a portion of certain outstanding borrowing availed by the company, funding of the working capital requirement and general corporate purposes. Ahead of the IPO, Airfloa Rail Technology on 10 September 2025, raised Rs 25.92 crore from anchor investors. The board allotted 18.52 lakh shares at Rs 140 each to 8 anchor investors. Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. It has manufactured rolling stock components and executed turnkey interior furnishing projects for various platforms including the Sri Lankan DEMU and Mainline Export Coaches, Agra-Kanpur Metro Coach, RRTS Coach, Vistadome Coach, and Train-18 (Vande Bharat Express). As of 31 July 2025, the company's work force comprised 281 employees (including employees on contract basis) including its senior management team. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025 Powered by Capital Market - Live

The equity shares of Airfloa Rail Technology (Scrip Code: 544516) are listed effective 18 September 2025 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. At 9.30 IST, the pre-open indicative price of the stock was at a premium of 90% over the IPO price of Rs 140. Powered by Capital Market - Live