- Home
- Afcom Holdings IPO
Afcom Holdings Limited IPO (Afcom Holdings IPO) Details
Afcom Holdings Limited
Afcom Holdings IPO's overview
Afcom Holdings IPO is a book built issue of ₹73.83 Cr (73,83,31,200). The issue includes a fresh issue of 68.36 Lakh (68,36,400) shares aggregating to ₹73.83 Cr (73,83,31,200).
Afcom Holdings IPO bidding started from Aug 02, 2024 and ended on Aug 06, 2024. The allotment for Afcom Holdings IPO was finalized on Aug 07, 2024. The shares got listed on BSE on Aug 09, 2024.
Afcom Holdings IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹1.22 Lakh (1,22,400).
Refer to Afcom Holdings IPO RHP for detailed information.
IPO date
Aug 02,2024 - Aug 06,2024
Listing Date
Aug 09,2024
Face value
₹10
Price Band
₹102 to ₹108 per share
Lot
₹1200 Shares
Total Issue Size
68.36 Lakh (68,36,400)
aggregating up to ₹73.83 Cr (73,83,31,200)
Fresh Issue
68.36 Lakh (68,36,400)
aggregating up to ₹73.83 Cr (73,83,31,200)
Issue Type
Book Building
IPO Type
SMEListing At
BSE
Fri, Aug 02, 2024
IPO Open
Tue, Aug 06, 2024
IPO Close
Wed, Aug 07, 2024
Basis of Allotment
Thu, Aug 08, 2024
Initiation of Refunds
Thu, Aug 08, 2024
Credit of Shares to Demat
Fri, Aug 09, 2024
Listing
Afcom Holdings IPO Day-wise IPO GMP Trend
Afcom Holdings IPO last GMP is ₹80, last updated Aug 08,2024. With the price band of 108.00, Afcom Holdings IPO's estimated listing price is ₹188 (cap price + today's GMP).The expected percentage gain/loss per share is 74.07%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 08-Aug-24 | 108.00 | 80 | 188(74.07%) | 8-Aug-2024 15:26 |
| 07-Aug-24 | 108.00 | 80 | 188(74.07%) | 7-Aug-2024 23:30 |
| 06-Aug-24 | 108.00 | 100 | 208(92.59%) | 6-Aug-2024 23:28 |
| 05-Aug-24 | 108.00 | 100 | 208(92.59%) | 5-Aug-2024 23:28 |
| 04-Aug-24 | 108.00 | 140 | 248(129.63%) | 4-Aug-2024 23:25 |
| 03-Aug-24 | 108.00 | 140 | 248(129.63%) | 3-Aug-2024 23:23 |
| 02-Aug-24 | 108.00 | 140 | 248(129.63%) | 2-Aug-2024 23:26 |
| 01-Aug-24 | 108.00 | 115 | 223(106.48%) | 1-Aug-2024 23:27 |
| 31-Jul-24 | 108.00 | 108 | 216(100.00%) | 31-Jul-2024 23:25 |
| 30-Jul-24 | 108.00 | 101 | 209(93.52%) | 30-Jul-2024 23:28 |
| 29-Jul-24 | 108.00 | 0 | 108(0.00%) | 29-Jul-2024 23:32 |
Afcom Holdings IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 1,200 | ₹1.30 Lakh (1,29,600) |
Retail(Max) | 1 | 1,200 | ₹1.30 Lakh (1,29,600) |
HNI(Min) | 2 | 2,400 | ₹2.59 Lakh (2,59,200) |
Afcom Holdings IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Offered to QIB | 13.38 Lakh (13,38,000) |
| Offered to NII | 9.73 Lakh (9,73,200) |
| Offered to RII | 22.75 Lakh (22,75,200) |
| Offered to Anchor Investor | 18.96 Lakh (18,96,000) |
Afcom Holdings IPO Financial Information (Restated Consolidated)
| Label | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|
| Assets | 899.92 | 2,514.51 | 8,285.40 | 12,929.75 |
| Revenue | 1,388.72 | 4,866.97 | 8,490.12 | 13,416.38 |
| Profit After Tax | -420.31 | 514.80 | 1,358.62 | 2,310.37 |
| Net Worth | -337.19 | 2,181.65 | 7,330.56 | 10,087.71 |
| Reserves and Surplus | -549.95 | 1,931.78 | 5,570.19 | 8,285.58 |
| Total Borrowing | 1,471.32 | 3.83 | 47.60 | 1,547.50 |
About Afcom Holdings Limited
Incorporated in Feburary 2013, 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 (Association of Southeast Asian Nations) 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 IPO's documents
Afcom Holdings Limited Contact Details
Afcom Holdings Limited
2, LIC Colony Dr. Radhakrishnan Nagar
Thiruvanmiyur
Chennai-600041
Phone: +91-9841019204;
Email: [email protected]
Website: https://afcomcargo.com/
Afcom Holdings IPO's Promoters
The promoter of the company are Capt. Deepak Parasuraman, Mr. Kannan Ramakrishnan, Wg. Cdr. Jaganmohan Mathena (Retd) and Mrs. Manjula Annamalai.