Airfloa Rail Technology Ltd - IPO

Airfloa Rail Technology Ltd IPO Details

Initial public offer of up to 65,07,000 equity shares of face value Rs. 10/- each (the Equity Shares) of Airfloa Rail Technology Limited (the Company or the Issuer) for cash at an issue price of Rs. 140 per equity share (including a securities premium of Rs. 130 per equity share) (Issue Price), aggregating up to Rs. 91.10 crores (the Issue) of which 3,26,000 equity shares aggregating to Rs. 4.56 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 61,81,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 140 per equity share aggregating upto Rs. 86.53 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.15 % and 25.79 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

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

Airfloa Rail Technology Ltd Contact Details

Airfloa Rail Technology Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@airflow.co.in

Website - https:, www.airflow.co.in