Afcom Holdings Limited IPO
BSE SMEListed On: Aug 9, 2024 at ₹ 205.20
₹ 259200 /2400 Shares
*Min Investment
02 Aug, 2024
Open Date06 Aug, 2024
Close Date07 Aug, 2024
Allotment Date09 Aug, 2024
Listing DateAfcom Holdings Limited IPO Issue Details
- Issue Price ₹102-108 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 68,36,400 shares(aggregating up to ₹73.83 crore)
- Fresh Share 68,36,400 shares(aggregating up to ₹73.83 crore)
- Listing at BSE SME
- List Price 205.20
- Listing Date 2024-08-09
- Lead Manager GYR Capital Advisors Private Limited
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,29,600 |
| Retail(max) | 1 | 1200 | ₹1,29,600 |
| NII (min) | 2 | 2,400 | ₹2,59,200 |
Afcom Holdings Limited IPO Reservation
Afcom Holdings Limited IPO offers total 6,836,400 shares. Out of which 1,338,000 (19.57%) allocated to QIB, 973,200 (14.24%) allocated to NII,2,275,200 (33.28%) allocated to RII, NA (NA%) allocated to employees and 1,896,000 (27.73%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,896,000 (27.73%) | |
| Market Maker Shares Offered | 354,000 (5.18%) | |
| QIB Shares Offered | 1,338,000 (19.57%) | |
| NII (HNI) Shares Offered | 973,200 (14.24%) | |
| Retail Shares Offered | 2,275,200 (33.28%) | |
| Total Shares Offered | 6,836,400 (100%) |
Afcom Holdings Limited IPO Details
Afcom Holdings Limited IPO is an SME IPO, priced at ₹102-108 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 68,36,400 equity shares, aggregating up to ₹73.83 crores..
The IPO bidding window is open from Aug 2, 2024 to Aug 6, 2024. The allotment is expected to be finalized on Aug 7, 2024, and the tentative listing date is Aug 9, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,29,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,59,200.
GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Afcom Holdings Limited IPO Subscription Analysis And 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
Afcom Holdings Limited Company Financials
| 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 Afcom Holdings Limited 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)
Capt. Deepak Parasuraman
Mr. Kannan Ramakrishnan
Wg. Cdr. Jaganmohan Mathena (Retd)
Mrs. Manjula Annamalai
Pre Issue Share Holding : 58.94%
Post Issue Share Holding : %
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
Contact Details
Afcom Holdings Limited
2, LIC Colony Dr. Radhakrishnan Nagar, Thiruvanmiyur, Chennai-600041
+91-9841019204
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Afcom Holdings Limited IPO is 6,836,400 shares(aggregating up to ₹73.83 Cr).
Ans. The Afcom Holdings Limited IPO price band is set between ₹102-108 per equity share.
Ans. To apply for Afcom Holdings Limited 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 Afcom Holdings Limited IPO allotment status online.
