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Afcom Holdings IPO is a book built issue of Rs 73.83 crores. The issue is entirely a fresh issue of 68.36 lakh shares.
Afcom Holdings IPO opens for subscription on August 2, 2024 and closes on August 6, 2024. The allotment for the Afcom Holdings IPO is expected to be finalized on Wednesday, August 7, 2024. Afcom Holdings IPO will list on BSE SME with tentative listing date fixed as Friday, August 9, 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 ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200.
GYR Capital Advisors Private Limited is the book running lead manager of the Afcom Holdings IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Afcom Holdings IPO is Giriraj Stock Broking.
Refer to Afcom Holdings IPO RHP for detailed information.
| IPO Date | August 2, 2024 to August 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,836,400 shares (aggregating up to ₹73.83 Cr) |
| Fresh Issue | 6,836,400 shares (aggregating up to ₹73.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 18,021,306 |
| Share holding post issue | 24,857,706 |
| Market Maker portion | 354,000 shares Giriraj Stock Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Afcom Holdings IPO raises Rs 20.48 crore from anchor investors. Afcom Holdings IPO Anchor bid date is July 1, 2024.
| Bid Date | July 1, 2024 |
| Shares Offered | 1,896,000 |
| Anchor Portion Size (In Cr.) | 20.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 6, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 5, 2024 |
Afcom Holdings IPO opens on August 2, 2024, and closes 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below 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 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
| Lot Size Calculator | |||
The promoter of the company are Capt. Deepak Parasuraman, Mr. Kannan Ramakrishnan, Wg. Cdr. Jaganmohan Mathena (Retd) and Mrs. Manjula Annamalai.
| Share Holding Pre Issue | 58.94% |
| Share Holding Post Issue |
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.
| 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 | ||||
The market capitalization of Afcom Holdings IPO is Rs 268.46 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 26.53% |
| ROCE | 28.30% |
| Debt/Equity | 0.15 |
| RoNW | 22.90% |
| P/BV | 1.93 |
| PAT Margin (%) | 17.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.54 | 10.14 |
| P/E (x) | 14.33 | 10.65 |
The objects of the Issue are: -
Afcom Holdings Limited
2, LIC Colony Dr. Radhakrishnan Nagar
Thiruvanmiyur
Chennai-600041
Phone: +91-9841019204;
Email: corporate@afcomcargo.com
Website: https://afcomcargo.com/
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
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Check our SME IPO Guide 
Afcom Holdings IPO is a SME IPO of 6,836,400 equity shares of the face value of ₹10 aggregating up to ₹73.83 Crores. The issue is priced at ₹102 to ₹108 per share. The minimum order quantity is 1200 Shares.
The IPO opens on August 2, 2024, and closes on August 6, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Afcom Holdings IPO using UPI as a payment gateway. Zerodha customers can apply in Afcom Holdings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Afcom Holdings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Afcom Holdings IPO opens on August 2, 2024 and closes on August 6, 2024.
Afcom Holdings IPO lot size is 1200 Shares, and the minimum amount required is ₹129,600.
You can apply in Afcom Holdings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Afcom Holdings IPO will be done on Wednesday, August 7, 2024, and the allotted shares will be credited to your demat account by Thursday, August 8, 2024. Check the Afcom Holdings IPO allotment status.
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