August 2, 2024 - August 6, 2024
RHP
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 bidding started from August 2, 2024 and ended 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.
Afcom Holdings IPO Details
| 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 |
Afcom Holdings IPO Reservation
Afcom Holdings IPO offers 6,836,400 shares. 1,338,000 (19.57%) to QIB, 973,200 (14.24%) to NII, 2,275,200 (33.28%) to RII and 1,896,000 (27.73%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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 IPO Anchor Investors Details
Afcom Holdings IPO raises Rs 20.48 crore from anchor investors. Afcom Holdings IPOAnchor bid date is July 1, 2024.Afcom Holdings IPOAnchor Investors list
| 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 Timeline (Tentative Schedule)
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 |
Afcom Holdings IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares 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 | |||
Afcom Holdings IPO Promoter Holding
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 |
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 Limited Financial Information (Restated)
| 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 | ||||
Key Performance Indicator
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 |
Check Afcom Holdings IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.54 | 10.14 |
| P/E (x) | 14.33 | 10.65 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latestFY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FYearnings of February 29, 2024 that is available in RHP.
Objects of the Issue (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)
[Dilip Davda] The company is engaged in carriage of cargo on Airport-to-Airport basis. It has created a niche place in the network it operates. The company posted remarkable growth since FY22 and the management is confident of maintaining the trends going forward with additional fleet. Based on FY24 annualized earnings, the issue appears reasonably priced. It is set to catch first mover fancy post listing.,Investors may park funds for the medium to long term. Read detail review...
Afcom Holdings IPO Subscription Status (Bidding Detail)
The Afcom Holdings IPO is subscribed 303.03 times on August 6, 2024 6:11:13 PM. The public issue subscribed 202.83 times in the retail category, 186.23 times in the QIB category, and 697.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 186.23 |
| NII | 697.88 |
| Retail | 202.83 |
| Total | 303.03 |
Total Application : 623,521 (328.86 times)
Afcom Holdings IPO Prospectus
- ›Afcom Holdings IPO DRHP
- ›Afcom Holdings IPO addendum to DRHP
- ›Afcom Holdings IPO RHP
- ›Anchor Investors in Afcom Holdings IPO
Afcom Holdings IPO Rating
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3.5
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Afcom Holdings Limited Contact Details
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 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 - Buy or Not
Afcom Holdings IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 2 | 0 | 0 |
Read All ReviewsPost Your Review Manage Reviews
Afcom Holdings IPO Lead Manager(s)
- GYR Capital Advisors Private Limited (Past IPO Performance)
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- IPO Lead Manager Performance Summary
- IPO Lead Manager PerformanceTracker
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Afcom Holdings IPO FAQs
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 the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'Afcom Holdings IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
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.
The Afcom Holdings IPO listing date is not yet announced. The tentative date of Afcom Holdings IPO listing is Friday, August 9, 2024.
Afcom Holdings IPO Message Board
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