Afcom Holdings Limited IPO
BSE SMEListed On: Aug 9, 2024 at ₹ 205.20
₹ 129600 /1200 Shares
Check Allotment02 Aug, 2024
Open Date06 Aug, 2024
Close Date07 Aug, 2024
Allotment Date09 Aug, 2024
Listing DateIssue Price
₹102-108 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Link Intime India Private LtdList Price
205.20Listing Date
2024-08-09Market Lot
1200 Shares (₹129,600/-)Lead Manager
GYR Capital Advisors Private LimitedIssue Size
6,836,400 shares(aggregating up to ₹73.83 Cr)Retail Portion
35%Subscription
303.03 times
The IPO of Afcom Holdings Limited is priced at ₹102-108 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Link Intime India Private Ltd is the registrar of the issue.
Afcom Holdings Limited IPO bid opening date is from Aug 2, 2024 and the bid closing date was Aug 6, 2024.
Afcom Holdings Limited IPO allotment result will be available on Aug 7, 2024. The tentative listing date for Afcom Holdings Limited is Aug 9, 2024.
The total issue size is 6,836,400 shares(aggregating up to ₹73.83 Cr).
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 |
Afcom Holdings Limited Valuations
EPS Pre IPO
₹7.54/-EPS Post IPO
₹10.14/-P/E Pre IPO
14.33P/E Post IPO
10.65ROE
26.53%ROCE
28.30%Debt/Equity
0.15RoNW
22.90%PAT Margin
17.28Price to Book Value
1.93Afcom 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 |
| Net Worth | 10,087.71 | 7,330.56 | 2,181.65 |
| Reserves & Surplus | 8,285.58 | 5,570.19 | 1,931.78 |
| Total Borrowing | 1,547.50 | 47.60 | 3.83 |
About The Company
It commenced operations in February 2013. Afcom Holdings Limited engaged in cargo operation on an airport-to-airport basis. The organization has General Sales and Service Agents (GSSAs) both in India and Hong Kong and Singapore and Thailand and Japan, South Korea and China and Taiwan.
The business of the Company operates cargo flight to ASEAN countries such as Singapore, Indonesia, and Brunei with prime focus on Singapore.
On 24 September 2021, the company signed an agreement with the Air Logistics Group, a division of World Freight Company, which is 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. In addition, 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, out of which there are 21 crews. These include 10 captains, 6 first officers, 3 Transition Captains, and 2 Trainee First Officers.
Afcom Holdings Limited - Promoter(s)
Pre Issue Share Holding: 58.94%
Post Issue Share Holding: %
- 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
Other Details
Afcom Holdings Limited
2, LIC Colony Dr. Radhakrishnan Nagar, Thiruvanmiyur, Chennai-600041Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: afcomholdings.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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.
