Mumbai, Sept. 18 -- 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 out...