Airfloa Rail Technology Limited IPO

Incorporated in December 1998, Airfloa Rail Technology Limited manufactures components for Indian Railways' rolling stock through production units like the Integral Coach Factory (ICF) and other coach factories. The company manufactures rolling stock components and interior projects for Indian Railways and produces complex, crucial parts for aerospace and defence. The company made rolling stock parts and managed interior projects for Sri Lankan DEMU, Mainline Coaches, Agra-Kanpur Metro, RRTS, Vistadome Coaches, and Train-18 Vande Bharat Express. They are a key supplier to Indian Railways, manufacturing high-precision components and turnkey interior furnishings for rolling stock. They also serve the aerospace and defense sectors, making components for projects like AMCA ground simulators and artillery tank bodies.  The company offers turnkey interior furnishing projects for prestigious railway projects, such as the Vande Bharat Express and the Agra-Kanpur Metro. They extend their expertise to the aerospace and defence sectors, manufacturing components for projects like AMCA ground simulators. They are an ISO 9001:2015, EN 15085-2, and BMS-certified company, signifying their commitment to quality management and railway standards. The company contribute to its appeal by supplying the following key components: Seating Options: Comfortable seats are designed for long, scenic trips, offering optimal viewing angles. Passenger Accessibility: IC doors for smooth and safe movement within the coach. Climate Control: Air diffusers ensure a pleasant environment during travel. Interior Design: Large windows, roof panels, and PAPIS displays, enhancing visibility and the overall travel experience. As of July 31, 2025, the Company’s workforce comprised 281 employees (including those on contract), including the senior management team. Competitive Strength The manufacturing capabilities produce high-quality components, making us a versatile partner for the the railway, aerospace, and defence sectors. As a turnkey railway provider, the company offers seamless end-to-end solutions, simplifying project execution and boosting efficiency. Advanced manufacturing with modern machinery ensures efficiency and precision, making us a trusted partner for quality railway and aerospace components. Led by experienced promoters, the company navigates market dynamics, drives innovation, and fosters strong client relationships in the railway and aerospace sectors. A strong work order book, proven financials, and a scalable model position us for continued growth and meeting rising market demands.

Capital expenditure towards purchase of machinery and equipmen Repayment of a portion of certain outstanding borrowing availed by the company Funding working capital requirements General corporate purposes