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Airfloa Rail Technology IPO vs Milan Ginning Pressing IPO

Comparison between Airfloa Rail Technology IPO and Milan Ginning Pressing IPO.

IPO Details

Airfloa Rail Technology IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Milan Ginning Pressing IPO is a SME Bookbuilding proposed to list at BSE SME.

 Airfloa Rail Technology IPOMilan Ginning Pressing IPO
LogoAirfloa Rail Technology IPO LogoMilan Ginning Pressing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.PNB Investment Services Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies 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 Milan Ginning Pressing IPO is up to ₹0.00 Cr. The final issue price of Airfloa Rail Technology IPO is ₹140.00 per share and of Milan Ginning Pressing IPO is .

 Airfloa Rail Technology IPOMilan Ginning Pressing 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 shares0 shares
Fresh Issue Size (Amount)up to ₹86.53 Crup to ₹76.00 Cr
OFS Issue Size0 shares3,72,500 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,81,000 shares0 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 Milan Ginning Pressing IPO opens on . The closing date of Airfloa Rail Technology IPO and Milan Ginning Pressing IPO is Sep 15, 2025, and , respectively.

 Airfloa Rail Technology IPOMilan Ginning Pressing 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 Milan Ginning Pressing IPO P/E ratio of .

 Airfloa Rail Technology IPOMilan Ginning Pressing IPO
FinancialsEBITDA

Milan Ginning Pressing Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202431 Mar 2024
Assets307.98275.48
Total Income669.43909.23
Profit After Tax7.9211.51
EBITDA16.5521.40
Net Worth48.4040.53
Reserves and Surplus31.8824.01
Total Borrowing54.7861.03
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%34.15 %
ROCE26.28%23.09%
Debt/Equity0.541.51
EPS₹14.63
RoNW23.06%34.15%

Shares Offered

In the Airfloa Rail Technology IPO Retail Individual Investors (RII) are offered 21,64,000 shares while in Milan Ginning Pressing 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 Milan Ginning Pressing IPO.

 Airfloa Rail Technology IPOMilan Ginning Pressing 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 65.32x in total, whereas Milan Ginning Pressing IPO subscribed .

 Airfloa Rail Technology IPOMilan Ginning Pressing IPO
QIB (times)0.72x
NII (times)76.40x
Big NII (times)72.91x
Small NII (times)83.38x
RII (times)97.43x
Employee (times)
Other (times)
Total (times)65.32x