Airfloa Rail Technology IPO is a book-building issue worth Rs 91.1 crore, consisting entirely of a fresh issuance of 65 lakh shares.
The price band for the Airfloa Rail Technology IPO has been fixed at Rs 133 to Rs 140 per share. The IPO lot size comprises 1,000 shares. For retail investors, the minimum investment at the upper price band amounts to Rs 2.8 lakh, for a minimum of 2,000 shares. High Net Worth Individuals (HNIs) are required to bid for at least three lots, or 3,000 shares, which translates to a minimum investment of Rs 4.20 lakh.
The subscription window for the Airfloa Rail Technology IPO will close on September 15.
GYR Capital Advisors Pvt. is the book-running lead manager, while Kfin Technologies Ltd. has been appointed registrar. The issue’s market maker is Giriraj Stock Broking Pvt.
