Last updated on August 9, 2024
Afcom Holdings IPO description – Afcom Holdings operates cargo flights to ASEAN countries, mainly Singapore. The company transports cargo between airports as well as last-mile connectivity to solve the supply chain problem that the customers face.
The company has appointed general sales and service agents in India, Hong Kong, Singapore, Thailand, Japan, Korea, China and Taiwan. Afcom Holdings’ total employee strength is 47 as of 29 February 2024 which consists of 21 crews comprising 10 captains and 6 first officers and 3 Transition Captains and 2 Trainee First officers.
Afcom Holdings has been providing supply chain solutions to a diverse client base. Its active customers include e-commerce marketplaces, direct-to-consumer e-retailers, corporates, and SMEs across various verticals such as FMCG, consumer durables, household appliances, lifestyle, retail, automotive, manufacturing, etc.
Promoters of Afcom Holdings – Capt. Deepak Parasuraman, Mr. Kannan Ramakrishnan, WG. CDR Jaganmohan Manthena (Retd), and Mrs Manjula Annamalai
Table of Contents
Afcom Holdings IPO Details
| Afcom Holdings IPO Dates | 2 – 6 August 2024 |
| Afcom Holdings Issue Price | INR 102 – 108 per share |
| Fresh issue | 68,36,400 shares (INR 69.73 – 73.83 crore) |
| Offer For Sale | NIL |
| Total IPO size | 68,36,400 shares (INR 69.73 – 73.83 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,29,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Afcom Holdings Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 11M FY 2024 |
| Revenue | 13.89 | 48.27 | 84.14 | 133.70 |
| Expenses | 19.97 | 40.29 | 66.75 | 103.04 |
| Net income | (4.20) | 5.15 | 13.59 | 23.10 |
Afcom Holdings Offer News
- Afcom Holdings IPO Allotment Status
- Afcom Holdings RHP
- Afcom Holdings Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Afcom Holdings Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (3.59) | 4.37 | 7.94 |
| PE ratio | – | – | 12.85 – 13.60 |
| RONW (%) | 124.65 | 23.60 | 18.53 |
| NAV | (15.85) | 87.31 | 41.64 |
| ROCE (%) | (103.67) | 59.44 | 39.94 |
| EBITDA (%) | (43.08) | 20.37 | 22.56 |
| Debt/Equity | (4.36) | 0.00 | 0.01 |
Afcom Holdings IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 8 August 2024 | 82 | – | 75,000 |
| 7 August 2024 | 95 | – | 90,000 |
| 6 August 2024 | 100 | – | 95,000 |
| 5 August 2024 | 125 | – | 1,18,000 |
| 3 August 2024 | 120 | – | 1,13,000 |
| 2 August 2024 | 100 | – | 91,000 |
| 1 August 2024 | 103 | – | 92,500 |
| 31 July 2024 | 100 | – | 90,000 |
Afcom Holdings IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 13,38,000 | 9,73,200 | 22,75,200 | 45,86,400 |
| 6 Aug 2024 | 186.23 | 698.24 | 202.83 | 303.11 |
| 5 Aug 2024 | 3.49 | 45.22 | 52.73 | 36.77 |
| 2 Aug 2024 | 0.00 | 3.36 | 6.59 | 3.98 |
The market maker reservation portion of 3,54,000 shares and anchor allocation portion of 18,96,000 shares are not included in the above calculations.
Afcom Holdings IPO Allotment Status
Afcom Holdings IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Afcom Holdings IPO Dates & Listing Performance
| IPO Opening Date | 2 August 2024 |
| IPO Closing Date | 6 August 2024 |
| Finalization of Basis of Allotment | 7 August 2024 |
| Initiation of refunds | 8 August 2024 |
| Transfer of shares to demat accounts | 8 August 2024 |
| IPO Listing Date | 9 August 2024 |
| Opening Price on BSE SME | INR 205.2 per share (up 90%) |
| Closing Price on BSE SME | INR 215.45 per share (up 99.49%) |
Afcom Holdings Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email:Â [email protected]
Website:Â www.gyrcapitaladvisors.com
Afcom Holdings Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Afcom Holdings Issue Contact Details
AFCOM HOLDINGS LIMITED
Second Floor, Phase-III, Integrated Air Cargo Complex,
AAICLAS, Chennai Airport- 600027
Phone: +91-9841019204
E-mail: [email protected]
Website: www.afcomcargo.com
IPO FAQs
What is the Afcom Holdings offer size?
Afcom Holding’s offer size is INR 73.83 crores.
What is the Afcom Holdings offer price band?
Afcom Holding’s public offer price is INR 102 – 108 per share.
What is the lot size of the Afcom Holdings IPO?
Afcom Holdings offers a lot size is 1,200 shares.
What is Afcom Holdings IPO GMP today?
Afcom Holdings IPO GMP today is INR 82 per share.
What is the Afcom Holdings kostak rate today?
Afcom Holdings kostak rate today is INR NA per application.
What is Afcom Holdings Subject to the Sauda rate today?
Afcom Holdings is Subject to the Sauda rate today is INR 75,000 per application.
