Afcom Holdings Limited
BSE SME₹129,600 / 1200 Shares
IPO Details
Afcom Holdings Limited IPO is priced between ₹102-108 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the BSE SME, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 2 Aug, 2024, and closed on 6 Aug, 2024. The allotment results will be announced on 7 Aug, 2024, with a tentative listing date set for 9 Aug, 2024.
The total issue comprises 6,836,400 shares, amounting to ₹73.83 Cr.
Afcom Holdings Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Aug 2, 2024 - Aug 6, 2024 | 9 Aug, 2024 | ₹10 Per Equity Share | ₹102-108 per equity share | - | Shares | - | BSE SME |
Afcom Holdings Limited IPO Timeline
Issue Price
₹102-108 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Link Intime India Private LtdMarket Lot
1200 Shares (₹129,600/-)Lead Manager
GYR Capital Advisors Private LimitedIssue Size
6,836,400 shares(aggregating up to ₹73.83 Cr)Retail Portion
35%Subscription
303.03 timesAfcom Holdings Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 29 Feb 24 | 12929.75 | 13416.38 | 2310.37 | 10087.71 | 8285.58 | 1547.50 |
| 31 Mar 23 | 8285.40 | 8490.12 | 1358.62 | 7330.56 | 5570.19 | 47.60 |
| 31 Mar 22 | 2514.51 | 4866.97 | 514.80 | 2181.65 | 1931.78 | 3.83 |
All values are in ₹ Lakh
Afcom Holdings Limited IPO Valuations
EPS PRE IPO ₹7.54/- | EPS POST IPO ₹10.14/- | PE PRE IPO 14.33 | PE POST IPO 10.65 | ROE 26.53% |
ROCE 28.30% | DEBT EQUITY 0.15 | RONW 22.90% | PAT MARGIN 17.28 | PRICE TO BOOK VALUE 1.93 |
About Company
It commenced operations in February 2013. Afcom Holdings Limited engaged in cargo operation on an airport-to-airport basis. The organization has General Sales and Service Agents (GSSAs) both in India and Hong Kong and Singapore and Thailand and Japan, South Korea and China and Taiwan.
The business of the Company operates cargo flight to ASEAN countries such as Singapore, Indonesia, and Brunei with prime focus on Singapore.
On 24 September 2021, the company signed an agreement with the Air Logistics Group, a division of World Freight Company, which is 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. In addition, 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, out of which there are 21 crews. These include 10 captains, 6 first officers, 3 Transition Captains, and 2 Trainee First Officers.
Afcom Holdings Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,338,000 / 973,200* | 2,275,200 | 4,586,400 |
| Day 1 - 02-08-24 06:00 PM | 0.00 / 3.36 x | 6.59 x | 3.98 x |
| Day 2 - 05-08-24 06:00 PM | 3.49 / 44.86 x | 52.73 x | 36.69 x |
| Day 3 - 06-08-24 06:00 PM | 186.23/ 697.88 x | 202.83 x | 303.03 x |
Afcom Holdings Limited IPO - Issue Objectives
- 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 Limited
2, LIC Colony Dr. Radhakrishnan Nagar, Thiruvanmiyur, Chennai-600041Link 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