Bookbuilding IPO | ₹74 Cr | Listed at BSE SME | Fri, Aug 2, 2024 - Tue, Aug 6, 2024
Afcom Holdings IPO is a book build issue of ₹73.83 crores. The issue is entirely a fresh issue of 0.68 crore shares of ₹73.83 crore.
Afcom Holdings IPO bidding started from Aug 2, 2024 and ended on Aug 6, 2024. The allotment for Afcom Holdings IPO was finalized on Aug 7, 2024. The shares got listed on BSE SME on Aug 9, 2024.
Afcom Holdings IPO price band is set at ₹108 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,29,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,59,200.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Afcom Holdings IPO RHP for detailed Information.
IPO Open
Fri, Aug 2, 2024
IPO Close
Tue, Aug 6, 2024
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹268.46 Cr
| IPO Date | 2 to 6 Aug, 2024 |
| Listed on | Fri, Aug 9, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 68,36,400 shares (agg. up to ₹74 Cr) |
| Reserved for Market Maker | 3,54,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 64,82,400 shares (agg. up to ₹70 Cr) |
| Net Offered to Public | 64,82,400 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 1,80,21,306 shares |
| Share Holding Post Issue | 2,48,57,706 shares |
| BSE Script Code | 544224 |
| ISIN | INE0OXY01013 |
Afcom Holdings IPO comprises a total issue size of 68,36,400 shares. The net offer to the public is 64,82,400 shares, after excluding 3,54,000 shares allotted on a firm basis. Of the Net offer 32,34,000 (49.89%) are allocated to QIB, 9,73,200 (15.01%) allocated to NII 22,75,200 (35.10%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 32,34,000 | 49.89% | 47.31% |
| − Anchor Investor Shares Offered | 18,96,000 | 27.73% | |
| − QIB (Ex. Anchor) Shares Offered | 13,38,000 | 19.57% | |
| NII (HNI) Shares Offered | 9,73,200 | 15.01% | 14.24% |
| Retail Shares Offered | 22,75,200 | 35.10% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,54,000 | 5.18% | |
| Total Shares Offered | 68,36,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Afcom Holdings IPO raises ₹20.48 crore from anchor investors. Afcom Holdings IPO Anchor bid date is July 1, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 1, 2024 |
| Shares Offered | 18,96,000 |
| Anchor Portion (₹ Cr.) | 20.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 6, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 5, 2024 |
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 | 129.30 | 82.85 | 25.15 | 9.00 |
| Total Income | 134.16 | 84.90 | 48.67 | 13.89 |
| Profit After Tax | 23.10 | 13.59 | 5.15 | -4.20 |
| NET Worth | 100.88 | 73.31 | 21.82 | -3.37 |
| Reserves and Surplus | 82.86 | 55.70 | 19.32 | -5.50 |
| Total Borrowing | 15.48 | 0.48 | 0.04 | 14.71 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards taking of two new aircraft on lease basis | 42.80 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company | 10.00 |
| 3 | Funding of working capital requirement | 8.00 |
| 4 | General Corporate Purposes | 9.53 |
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 26.53% |
| ROCE | 28.30% |
| Debt/Equity | 0.15 |
| RoNW | 22.90% |
| PAT Margin | 17.28% |
| Price to Book Value | 1.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.54 | 10.14 |
| P/E (x) | 14.33 | 10.65 |
| Promoter Holding | 58.94% | 42.73% |
| Market Cap | ₹268.46 Cr. |
The Afcom Holdings IPO is subscribed 303.03 times on August 6, 2024 6:11:13 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 186.23 | 13,38,000 | 24,91,77,600 |
| NII* | 697.88 | 9,73,200 | 67,91,76,000 |
| Retail | 202.83 | 22,75,200 | 46,14,80,400 |
| Total | 303.03 | 45,86,400 | 1,38,98,34,000 |
Total Application : 6,23,521
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.70 |
| 2 | Advertising and Marketing Expenses | 2.20 |
| 3 | Fees payable to the stock exchange(s) | 0.05 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.05 |
| 5 | Brokerage and Selling Commission | 0.20 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.31 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹205.20 |
| Low | ₹205.20 |
| High | ₹215.45 |
| Last Trade | ₹215.45 |
Lead Manager Reports
Afcom Holdings IPO is a SME IPO of 68,36,400 equity shares of the face value of ₹10 aggregating up to ₹74 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Aug 2, 2024, and closes on Tue, Aug 6, 2024.
MUFG Intime India Pvt.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 Fri, Aug 2, 2024 and closes on Tue, Aug 6, 2024.
Afcom Holdings IPO lot size is 1200, and the minimum amount required for application is ₹1,29,600.
You can apply in Afcom Holdings IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, Aug 8, 2024. Check the Afcom Holdings IPO allotment status.
The Afcom Holdings IPO listing date is on Fri, Aug 9, 2024.
