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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 ₹108.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,22,400 (1200 shares). The minimum lot size investment for 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 Date | August 2, 2024 to August 6, 2024 |
| Listing Date | August 9, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹102 to ₹108 per share |
| Issue Price Final | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 68,36,400 shares (aggregating up to ₹73.83 Cr) |
| Reserved for Market Maker | 3,54,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹3.82 Cr) |
| Net Offered to Public | 64,82,400 shares (aggregating up to ₹70.01 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,80,21,306 shares |
| Share Holding Post Issue | 2,48,57,706 shares |
Afcom Holdings IPO offers total 68,36,400 shares. Out of which 32,34,000 (47.31%) allocated to QIB, 13,38,000 (19.57%) allocated to QIB, 9,73,200 (14.24%) allocated to NII, 22,75,200 (33.28%) allocated to RII and 18,96,000 (27.73%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,54,000 (5.18%) |
| QIB Shares Offered | 32,34,000 (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 (14.24%) |
| Retail Shares Offered | 22,75,200 (33.28%) |
| Total Shares Offered | 68,36,400 (100.00%) |
Afcom Holdings IPO raises ₹20.48 crore from anchor investors. Afcom Holdings IPO Anchor bid date is July 1, 2024. Afcom Holdings IPO Anchor Investors list
| Bid Date | July 1, 2024 |
| Shares Offered | 18,96,000 |
| 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 | Fri, Aug 2, 2024 |
| IPO Close Date | Tue, Aug 6, 2024 |
| Tentative Allotment | Wed, Aug 7, 2024 |
| Initiation of Refunds | Thu, Aug 8, 2024 |
| Credit of Shares to Demat | Thu, Aug 8, 2024 |
| Tentative Listing Date | Fri, Aug 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 6, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| Total Income | 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 ₹268.46 Cr.
KPI as of Thu, Feb 29, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 7.54 | 10.14 |
| P/E (x) | 14.33 | 10.65 |
The objects of the Issue are: -
[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...
| Listing Date | August 9, 2024 |
| BSE Script Code | 544224 |
| NSE Symbol | |
| ISIN | INE0OXY01013 |
| Final Issue Price | ₹108 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹205.20 |
| Low | ₹205.20 |
| High | ₹215.45 |
| Last Trade | ₹215.45 |
Afcom Holdings Ltd.
2, LIC Colony Dr. Radhakrishnan Nagar
Thiruvanmiyur
Chennai-600041
Chennai, Tamil Nadu
Phone: +91-9841019204;
Email: corporate@afcomcargo.com
Website: https://afcomcargo.com/
MUFG Intime India Pvt.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 is a SME IPO of 68,36,400 equity shares of the face value of ₹10 aggregating up to ₹73.83 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on August 2, 2024, and closes on August 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 August 2, 2024 and closes on August 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 Thursday, August 8, 2024. Check the Afcom Holdings IPO allotment status.
The Afcom Holdings IPO listing date is on Friday, August 9, 2024.
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