Afcom Holdings IPO listed @ Rs. 205.20

 

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Table of Contents

What is the business of Afcom Holdings?

Afcom Holdings: Leading Cargo Flights to ASEAN Countries

Afcom Holdings specializes in operating cargo flights to ASEAN countries, with a particular focus on Singapore, Indonesia, and Brunei. Its operations are guided by a highly experienced management team. Its founders—Capt. Deepak Parasuraman, Wg. Cdr. Jaganmohan Mathena (Retd), Kannan Ramakrishnan, and Manjula Annamalai—have been crucial to the company’s growth.

Capt. Deepak Parasuraman and Wg. Cdr. Jaganmohan Mathena (Retd) bring over 30 years of aviation experience, significantly contributing to its expansion. Their extensive backgrounds in the industry have been vital for scaling its operations. Additionally, Kannan Ramakrishnan’s deep expertise in the automobile retail sector further strengthens its leadership. Together with a dedicated senior management team, it is well-positioned to seize future growth opportunities in cargo logistics and forwarding.

Its Board of Directors includes both management executives and independent members, each bringing valuable expertise in marketing, finance, and corporate governance.

Business Model:

The company focuses on the carriage of cargo on an airport-to-airport basis, adhering to three core operating principles:

People-Centricity: Its network and routes are designed to offer solutions for last-mile connectivity, effectively addressing the supply chain challenges faced by its customers.

By maintaining a strong emphasis on these principles, it continues to solve industry problems and enhance supply chain efficiency.

Get more information about the company @ https://afcomcargo.com/

Who are the Promoters of Afcom Holdings IPO?

The promoter of the company are Capt. Deepak Parasuraman, Mr. Kannan Ramakrishnan, Wg. Cdr. Jaganmohan Mathena (Retd) and Mrs. Manjula Annamalai.

What are the Objects of Afcom Holdings IPO?

The Offer comprises of only fresh issue of shares.

The objectives of the Offer are to:

1. Funding Capital Expenditure towards taking of two new aircraft on Lease basis;
2.Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
3.Funding of working capital requirement
4.General Corporate Purposes
5.To meet the Issue Expenses

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Afcom Holdings IPO FAQs

What is Afcom Holdings IPO?

This is a SME IPO of 6836400 equity shares of the face value of Rs. 10 aggregating up to Rs.73.83 Crores. The issue is priced at Rs.102-108 per share. The minimum order quantity is 1200 Shares.

When will Afcom Holdings IPO subscription open?

Afcom Holdings IPO opens on August 2, 2024, and closes on August 06, 2024.

What is the lot size of Afcom Holdings IPO?

Afcom Holdings IPO lot size is 1200 Shares, and the minimum amount required is Rs.129600

How to apply for Afcom Holdings IPO?

You can apply in Afcom Holdings IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Afcom Holdings IPO allotment?

The finalization of Basis of Allotment for Afcom Holdings IPO will be done on August 07, 2024, and the allotted shares will be credited to your demat account by August 08, 2024.

When is Afcom Holdings IPO listing date?

Afcom Holdings IPO listing date is August 09, 2024.