Zerodha > Trade @ ₹20 (Free Delivery)Know More
Free Account Opening + AMC Free Demat

Airfloa Rail Technology IPO vs Bai Kakaji Polymers IPO

Comparison between Airfloa Rail Technology IPO and Bai Kakaji Polymers IPO.

IPO Details

Airfloa Rail Technology IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Bai Kakaji Polymers IPO is a SME Bookbuilding proposed to list at BSE SME.

 Airfloa Rail Technology IPOBai Kakaji Polymers IPO
LogoAirfloa Rail Technology IPO LogoBai Kakaji Polymers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarKfin Technologies Ltd.Maashitla Securities Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Airfloa Rail Technology IPO is up to ₹86.53 Cr whereas the issue size of the Bai Kakaji Polymers IPO is up to ₹0.00 Cr. The final issue price of Airfloa Rail Technology IPO is ₹140.00 per share and of Bai Kakaji Polymers IPO is .

 Airfloa Rail Technology IPOBai Kakaji Polymers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹133.00 per share
Issue Price (Upper)₹140.00 per share
Issue Price (Final)₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares
Fresh Issue Size61,81,000 shares56,56,000 shares
Fresh Issue Size (Amount)up to ₹86.53 Crup to ₹0.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,81,000 shares56,56,000 shares
Issue Size Total (Amount)up to ₹86.53 Crup to ₹0.00 Cr

IPO Timetable

Airfloa Rail Technology IPO opens on Sep 11, 2025, while Bai Kakaji Polymers IPO opens on . The closing date of Airfloa Rail Technology IPO and Bai Kakaji Polymers IPO is Sep 15, 2025, and , respectively.

 Airfloa Rail Technology IPOBai Kakaji Polymers IPO
Anchor Bid DateSep 10, 2025
Issue OpenSep 11, 2025
Issue CloseSep 15, 2025
Basis Of Allotment (Tentative)Sep 16, 2025
Initiation of Refunds (Tentative)Sep 17, 2025
Credit of Share (Tentative)Sep 17, 2025
Listing date (Tentative)Sep 18, 2025
Anchor Lockin End date 1Oct 16, 2025
Anchor Lockin End date 2Dec 15, 2025

Financials & KPIs

Airfloa Rail Technology IPO P/E ratio is 9.57, as compared to Bai Kakaji Polymers IPO P/E ratio of .

 Airfloa Rail Technology IPOBai Kakaji Polymers IPO
FinancialsEBITDA

Bai Kakaji Polymers Limited Financial Information (Proforma Consolidated)

Period Ended31 Dec 202431 Mar 2024
Assets178.96148.38
Total Income238.05286.33
Profit After Tax13.2611.84
EBITDA31.2827.61
Net Worth50.4837.91
Reserves and Surplus46.4333.16
Total Borrowing104.7084.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)74.40100
Promoter Shareholding (Post-Issue)54.2
P/E Ratio9.57
Market Cap₹335.58 Cr.
ROE30.64%
ROCE26.28%
Debt/Equity0.54
EPS₹14.63
RoNW23.06%

Shares Offered

In the Airfloa Rail Technology IPO Retail Individual Investors (RII) are offered 21,64,000 shares while in Bai Kakaji Polymers IPO retail investors are offered 21,64,000 shares. Qualified Institutional Buyers (QIB) are offered 12,35,000 shares in Airfloa Rail Technology IPO and 0 shares in Bai Kakaji Polymers IPO.

 Airfloa Rail Technology IPOBai Kakaji Polymers IPO
Anchor Investor Reserveration18,52,000 shares0 shares
Market Maker Reserveration3,26,000 shares0 shares
QIB12,35,000 shares0 shares
NII9,30,000 shares0 shares
RII21,64,000 shares0 shares
Employee0 shares0 shares
Others
Total61,81,000 shares0 shares

Bids Received (Subscription)

Airfloa Rail Technology IPO subscribed 301.52x in total, whereas Bai Kakaji Polymers IPO subscribed .

 Airfloa Rail Technology IPOBai Kakaji Polymers IPO
QIB (times)214.65x
NII (times)349.88x
Big NII (times)375.79x
Small NII (times)298.06x
RII (times)330.31x
Employee (times)
Other (times)
Total (times)301.52x