Afcom Holdings Limited IPO

BSE SME

Listed On: Aug 9, 2024 at ₹ 205.20

₹ 129600 /1200 Shares

Check Allotment

Afcom Holdings Limited IPO Details

02 Aug, 2024

Open Date

06 Aug, 2024

Close Date

07 Aug, 2024

Allotment Date

09 Aug, 2024

Listing Date

Issue Price

₹102-108 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Link Intime India Private Ltd

List Price

205.20

Listing Date

2024-08-09

Market Lot

1200 Shares (₹129,600/-)

Lead Manager

GYR Capital Advisors Private Limited

Issue Size

6,836,400 shares(aggregating up to ₹73.83 Cr)

Retail Portion

35%

Subscription

303.03 times

IPO Docs

DRHP RHP

Afcom Holdings Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,338,000 / 973,200*	2,275,200	4,586,400
Day 1 - 02-08-24 06:00 PM	0.00 / 3.36 x	6.59 x	3.98 x
Day 2 - 05-08-24 06:00 PM	3.49 / 44.86 x	52.73 x	36.69 x
Day 3 - 06-08-24 06:00 PM	186.23/ 697.88 x	202.83 x	303.03 x

Total No. of Applications: 6,23,521 (Approx)

Afcom Holdings Limited Valuations

EPS Pre IPO

₹7.54/-

EPS Post IPO

₹10.14/-

P/E Pre IPO

14.33

P/E Post IPO

10.65

RoNW

22.90%

Afcom Holdings Limited Company Financials All values are in ₹ Lakh

	29-Feb-24	31-Mar-23	31-Mar-22
Assets	12,929.75	8,285.40	2,514.51
Revenue	13,416.38	8,490.12	4,866.97
Profit After Tax	2,310.37	1,358.62	514.80

About The Company

Afcom Holdings Limited is involved in transporting cargo on an airport-to-airport basis. The company has General Sales and Service Agents (GSSAs) in India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan.

The company operates cargo flights to the ASEAN countries, including Singapore, Indonesia, and Brunei, with a focus on Singapore.

The company signed an agreement on 24 September 2021 with the Air Logistics Group, a division of World Freight Company, a global leader in the cargo sales and service business. The Air Logistics group will act as the Company's General Sales and Service Agent (GSSA) in far-eastern countries. Additionally, on 13 October 2022, the company agreed with Taylor Logistics Private Limited, a part of the TTK Group, to serve as the GSSA in India.

As of February 29, 2024, the company has 47 employees, including 21 crews. Among them, they have 10 captains, 6 first officers, 3 Transition Captains, and 2 Trainee First Officers.

Afcom Holdings Limited - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Capt. Deepak Parasuraman
Mr. Kannan Ramakrishnan
Wg. Cdr. Jaganmohan Mathena (Retd)
Mrs. Manjula Annamalai

Afcom Holdings Limited IPO - Issue Objectives

Funding Capital Expenditure towards taking of two new aircraft on Lease basis
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Funding of working capital requirement
General Corporate Purposes
To meet the Issue Expenses

Afcom Holdings Limited IPO - FAQs

Ans. Afcom Holdings Limited IPO is a SME IPO. The issue is priced at ₹102-108 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 2, 2024, and closes on Aug 6, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Afcom Holdings Limited IPO opens on Aug 2, 2024 and closes on Aug 6, 2024.

Ans. The size of Afcom Holdings Limited IPO is 6,836,400 shares(aggregating up to ₹73.83 Cr).

Ans. The IPO price band is set between ₹102-108 per equity share.

Ans. To apply for Afcom Holdings Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Afcom Holdings Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Afcom Holdings Limited IPO is Aug 7, 2024.

Ans. The Afcom Holdings Limited IPO will be listed on Aug 9, 2024.

Ans. Follow the steps to check the allotment status for Afcom Holdings Limited IPO here.