Afcom Holdings IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 2 Aug 24 – 6 Aug 24 | ₹1,22,400 | 1,200 | ₹102 – ₹108 |
Issue Size | IPO Doc |
|---|---|
| 73.83Cr | RHP PDF |
About Afcom Holdings Limited
| Founded in | 2013 |
| Managing director | Capt. Deepak Parasuraman |
| Parent organisation | Afcom Holdings Ltd |
Afcom Holdings Limited, incorporated in February 2013, specializes in cargo transportation on an airport-to-airport basis, focusing primarily on ASEAN countries, particularly Singapore. The company has a network of General Sales and Service Agents (GSSAs) across India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. These GSSAs play a crucial role in marketing cargo space, coordinating bookings, and liaising with customs clearing agents to ensure smooth operations and compliance.
Open Your Free Demat Account
By Popular Stock Brokers
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
On September 24, 2021, Afcom Holdings signed an agreement with the Air Logistics Group, a division of World Freight Company, to act as the company’s GSSA in far-eastern countries. Additionally, on October 13, 2022, the company partnered with Taylor Logistics Private Limited, a part of the TTK Group, to serve as the GSSA in India.
As of February 29, 2024, Afcom Holdings employs 47 staff members, including 21 crew members: 10 captains, 6 first officers, 3 Transition Captains, and 2 Trainee First Officers.
IPO Lists: Click Here to View all the IPO
Afcom Holdings IPO Details
The Afcom Holdings IPO is a book-built issue of ₹73.83 crores, consisting entirely of a fresh issue of 68.36 lakh shares.
The IPO opens for subscription on August 2, 2024, and closes on August 6, 2024. Allotments are expected to be finalized on August 7, 2024, with the listing on BSE SME slated for August 9, 2024.
The price band for the Afcom Holdings IPO is set at ₹102 to ₹108 per share. The minimum lot size for an application is 1,200 shares, requiring a minimum investment of ₹129,600 for retail investors. For HNI investors, the minimum lot size is 2,400 shares, totaling ₹259,200.
GYR Capital Advisors Private Limited is the book-running lead manager for the IPO, while Link Intime India Private Ltd serves as the registrar. Giriraj Stock Broking is the market maker for the issue.
For more details, please refer to the Afcom Holdings IPO Red Herring Prospectus (RHP).
Open Your Free Demat Account
By Popular Stock Brokers
FREE Account Opening & Flat ₹20 Per Trade in F&O
Use code PRA6RI69IND
Afcom Holdings Financial Information (Restated)
Afcom Holdings has experienced steady growth in its revenue from operations, which increased from ₹13.89 crore in FY21 to ₹48.27 crore in FY22, and further to ₹84.14 crore in FY23.
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,929.75 | 8,285.40 | 2,514.51 | 899.92 |
| Revenue | 13,416.38 | 8,490.12 | 4,866.97 | 1,388.72 |
| Profit After Tax | 2,310.37 | 1,358.62 | 514.80 | -420.31 |
| Net Worth | 10,087.71 | 7,330.56 | 2,181.65 | -337.19 |
| Reserves and Surplus | 8,285.58 | 5,570.19 | 1,931.78 | -549.95 |
| Total Borrowing | 1,547.50 | 47.60 | 3.83 | 1,471.32 |
| Amount in ₹ Lakhs | ||||
Open Your Free Demat Account
By Popular Stock Brokers
FREE Account Opening &
Flat ₹20 Per Trade in F&O
IPO Timeline
Afcom Holdings IPO will open on August 2, 2024, and close on August 6, 2024.
| IPO Open Date | Friday, August 2, 2024 |
| IPO Close Date | Tuesday, August 6, 2024 |
| Basis of Allotment | Wednesday, August 7, 2024 |
| Initiation of Refunds | Thursday, August 8, 2024 |
| Credit of Shares to Demat | Thursday, August 8, 2024 |
| Listing Date | Friday, August 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2024 |
Open Your Free Demat Account
By Popular Stock Brokers
FREE Account Opening & Flat ₹20 Per Trade in F&O
IPO FAQs
The Afcom Holdings Limited IPO is a public offering of 68.36 lakh new equity shares with a total issue size of ₹73.83 crore.
The IPO opens for subscription on August 2, 2024, and closes on August 6, 2024.
The shares are set to be listed on BSE SME on August 9, 2024.
The IPO is priced between ₹102 and ₹108 per share.
Retail investors need to invest a minimum of ₹129,600 for 1,200 shares. For High Net-Worth Individuals (HNIs), the minimum lot size is 2,400 shares, amounting to ₹259,200.
GYR Capital Advisors Private Limited is the book-running lead manager for the Afcom Holdings IPO.
Link Intime India Private Ltd is the registrar for the Afcom Holdings IPO.
Giriraj Stock Broking is the market maker for the Afcom Holdings IPO.
The company’s revenue from operations grew from ₹13.89 crore in FY21 to ₹48.27 crore in FY22, and further to ₹84.14 crore in FY23.
Afcom Holdings operates cargo flights primarily to ASEAN countries, with a significant focus on Singapore. The company handles cargo transport on an airport-to-airport basis and works with General Sales and Service Agents (GSSAs) across various markets.
