Afcom Holdings IPO Details: The Afcom Holdings IPO is scheduled to commence on August 2 and will conclude on August 6. This BSE SME IPO aims to raise ₹73.83 crores. The price band for the IPO is set between ₹102 and ₹108, with a market lot consisting of 1,200 shares.
Founded in February 2013, Afcom Holdings Limited specializes in airport-to-airport cargo transportation. The company operates through General Sales and Service Agents (GSSAs) in key locations including India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. Its operations primarily focus on cargo flights to ASEAN countries, particularly Singapore, with services extending to Indonesia and Brunei.
Afcom Holdings is dedicated to delivering flexible, reliable, and resilient supply chain solutions at competitive values. The company serves a diverse range of customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and various enterprises and SMEs across multiple sectors such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive, and manufacturing. By leveraging advanced logistics infrastructure, network engineering, and an extensive network of domestic and global partners, Afcom Holdings enhances its value proposition and creates synergies across its services.
Afcom Holdings IPO Objectives:
The objects of the Issue are: –
- 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 IPO Review (Apply or Not)
- Update soon
Afcom Holdings IPO Date & Price Band Details:
| IPO Open: | August 2, 2024 |
| IPO Close: | August 6, 2024 |
| IPO Size: | Approx ₹73.83 Crores, 6,836,400 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹102 to ₹108 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Afcom Holdings IPO Lot Size:
The Afcom Holdings IPO requires a minimum investment of 1,200 shares, translating to an application amount of ₹129,600.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹129,600 |
| Retail Maximum | 1 | 1200 | ₹129,600 |
| S-HNI Minimum | 2 | 2400 | ₹259,200 |
Afcom Holdings IPO Timeline:
The Afcom Holdings IPO is set to open on August 2 and close on August 6. Allotment of shares is scheduled for August 7, with the IPO expected to list on August 9.
| IPO Open Date: | August 2, 2024 |
| IPO Close Date: | August 6, 2024 |
| Basis of Allotment: | August 7, 2024 |
| Refunds: | August 8, 2024 |
| Credit to Demat Account: | August 8, 2024 |
| IPO Listing Date: | August 9, 2024 |
Afcom Holdings IPO GMP Today:
The Grey Market Premium (GMP) for the Afcom Holdings SME IPO is ₹140. With a price band of ₹108.00, the estimated listing price for the Afcom Holdings SME IPO is ₹248 (cap price plus today’s GMP). This indicates an expected percentage gain of approximately 129.63% per share.
Afcom Holdings Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹13.89 | ₹19.97 | ₹4.20 |
| 2022 | ₹48.67 | ₹40.29 | ₹5.15 |
| 2023 | ₹84.90 | ₹66.75 | ₹13.59 |
| Feb 2024 | ₹134.16 | ₹103.04 | ₹23.10 |
Afcom Holdings IPO Valuation – FY2023
Check Afcom Holdings IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.94 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 18.53% |
| Net Asset Value (NAV): | ₹41.64 per Equity Share |
Peer Group
- NA
Company Promoters
- Capt. Deepak Parasuraman
- Mr. Kannan Ramakrishnan
- Wg. Cdr. Jaganmohan Mathena (Retd)
- Mrs. Manjula Annamalai
Afcom Holdings IPO Registrar
Link 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 IPO Allotment Status
Check Afcom Holdings IPO allotment status on Link Intime website URL. Click Here
Afcom Holdings IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Afcom Holdings Limited
2, LIC Colony Dr. Radhakrishnan Nagar
Thiruvanmiyur
Chennai-600041
Phone: +91-9841019204;
Email: corporate@afcomcargo.com
Website: https://afcomcargo.com/
Afcom Holdings IPO FAQs
1. What are the key dates for the Afcom Holdings IPO?
- IPO Opening Date: August 2, 2024
- IPO Closing Date: August 6, 2024
- Allotment Date: August 7, 2024
- Listing Date: August 9, 2024
2. What is the price band for the Afcom Holdings IPO? The price band for the Afcom Holdings IPO is set between ₹102 and ₹108 per share.
3. What is the minimum investment amount for the Afcom Holdings IPO? The minimum market lot for the Afcom Holdings IPO is 1,200 shares, with an application amount of ₹129,600.
4. What is Afcom Holdings Limited? Afcom Holdings Limited, established in February 2013, specializes in airport-to-airport cargo transportation. The company operates through General Sales and Service Agents (GSSAs) across various countries and focuses on cargo flights to ASEAN countries, particularly Singapore.
5. What is the company’s mission? Afcom Holdings aims to provide flexible, reliable, and resilient supply chain solutions at competitive values. The company serves a broad range of customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across multiple sectors.
6. How can I apply for the Afcom Holdings IPO? Investors can apply for the IPO through their registered brokerage accounts or using online trading platforms that support IPO applications.
7. What happens if I do not receive an allotment? If you do not receive an allotment, your application amount will be refunded to your bank account, usually within a few days after the allotment date.
8. How can I check the status of my IPO application? You can check the status of your IPO application through the registrar’s website or by contacting your broker. Most registrars offer online tools to track the status of your application.
9. What is the expected listing date for the Afcom Holdings IPO? The Afcom Holdings IPO is expected to list on August 9, 2024, subject to market conditions and regulatory approvals.
10. Where can I find more information about the Afcom Holdings IPO? For more detailed information, you can visit the company’s official website or check the IPO prospectus available on the stock exchange’s website where the IPO is listed.
