Afcom Holdings IPO will open for subscription from 02 August 2024. The company aims for an issue size of ₹73.83 Cr through this IPO.
Company Overview
| Full name | Afcom Holdings Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://afcomcargo.com/ |
About Company
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.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 02 August 2024 |
| IPO Closing | 06 August 2024 |
| Basis of Allotment | 07 August 2024 |
| Initiation Refund | 08 August 2024 |
| Credit to Demat Account | 08 August 2024 |
| Listing Date | 09 August 2024 |
Afcom Holdings IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹73.83 Cr – 6,836,400 shares |
| Fresh Issue | ₹73.83 Cr – 6,836,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 354,000 shares |
| Shareholding pre-issue | 18,021,306 |
| Shareholding post-issue | 24,857,706 |
| Listing Exchange | BSE SME |
Afcom Holdings Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
Afcom Holdings Documents
Afcom Holdings IPO Reservation Details
| 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 Financial Performance
| 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 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 |
Company Promoters
- Capt. Deepak Parasuraman
- Mr. Kannan Ramakrishnan
- Wg. Cdr. Jaganmohan Mathena (Retd)
- Mrs. Manjula Annamalai.
Promoter Holding
| Pre Issue Share Holding | 58.94% |
| Post Issue Share Holding |
Afcom Holdings Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 August 2024 | 100 | – | 91,000 |
| 1 August 2024 | 103 | – | 92,500 |
| 31 July 2024 | 100 | – | 90,000 |
Afcom Holdings IPO Subscription Update
| Category | Subscription (times) |
|---|---|
| QIB | 186.23 |
| NII | 697.88 |
| Retail | 202.83 |
| Total | 303.03 |
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 Listing Details
| Listing Date | 09 August 2024 |
| BSE Scrip Code | 544224 |
| NSE Symbol | |
| ISIN | INE0OXY01013 |
| Final Issue Price | ₹108 per share |
Afcom Holdings IPO Listing Day Update
| Listing Exchange | |
| Final Issue Price | |
| Open | |
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| Last Trade |
Afcom Holdings IPO Lead Manager(s)
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: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Afcom Holdings Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: afcomholdings.ipo@linkintime.co.in
Website: www.linkintime.co.in
Afcom Holdings Contact Details
AFCOM HOLDINGS LIMITED
Second Floor, Phase-III, Integrated Air Cargo Complex,
AAICLAS, Chennai Airport- 600027
Phone: +91-9841019204
E-mail: corporate@afcomcargo.com
Website: www.afcomcargo.com
Afcom Holdings IPO FAQs
What is the Afcom Holdings offer size?
Afcom Holding’s offer size is ₹ 73.83 crores.
What is the Afcom Holdings offer price band?
Afcom Holding’s public offer price is ₹ 102 – 108 per share.
What is the lot size of the Afcom Holdings offer?
Afcom Holdings offers a lot size is 1,200 shares.
What is Afcom Holdings Offer GMP today?
Afcom Holdings IPO GMP today is ₹ 100 per share.
What is the Afcom Holdings kostak rate today?
Afcom Holdings kostak rate today is ₹ NA per application.
What is Afcom Holdings Subject to the Sauda rate today?
Afcom Holdings is Subject to the Sauda rate today is ₹ 91,000 per application.
Final thoughts
Afcom Holdings IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
