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Afcom Holdings listing Review
On 9th August 2024, the scrip is listed at Rs. 205.20. The listing cap of 90% was applied to this IPO listing.
Afcom Holdings IPO allotment Link
What was the last grey market premium of Afcom Holdings IPO?
GMP Rs. 80
Subscription status of Afcom Holdings IPO
Afcom Holdings IPO (Closed)Price Rs. 108 Lot 1200 shares, Rs.49.52 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 186.23 | 697.89 | 202.83 | 303.03 | 6,23,521 (328.86x) |
| Amount wise bids recd. Rs.15006.05 Crore | ||||
| Note: | ||||
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/
Afcom Holdings IPO Details |
|
| IPO opens on | 2 August 2024 |
| IPO closes on | 6 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6836400 Shares / Rs 73.83 Crore |
| * Fresh Issue | 6836400 Shares / Rs 73.83 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 354000 Shares |
| Net offer to Public | 6482400 Shares/ Rs.70.00 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.102-108 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 3241200 | 35.00 |
| NII (50%) | 972360 | 10.50 |
| RII (50%) | 2668840 | 24.50 |
| Total Shares | 7404000 | 70.00 |
| Retail portion will be oversubscribed by | 2224 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.129600 |
| Min HNI Application | 2400 Shares | Rs.259200 |
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
Tentative timetable |
|
| IPO opens on | 2 August 2024 |
| IPO Closes on | 6 August 2024 |
| IPO Allotment on | 7 August 2024 |
| Refund Initiation | 8 August 2024 |
| Credit of Shares | 8 August 2024 |
| Listing on | 9 August 2024 |
| Registered Office of the Company Link Intime India Private Ltd Afcom Holdings Limited 2, LIC Colony Dr. Radhakrishnan Nagar Thiruvanmiyur Chennai-600041 |
| Who is the Lead Manager of this IPO? GYR Capital Advisors Private Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
Afcom Holdings IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Afcom Holdings IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 48.67 | 5.15 | 4.37 | 23.60 |
| 2022-23 | 84.90 | 13.59 | 7.94 | 18.53 |
| 2023-24 11M | 134.16 | 23.10 | 13.09 | 22.90 |
| Book Value of the Share on 29.02.2024 |
Rs 55.98 | |||
| BV of the Share at cap price |
after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 108 | |||
IPO
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| Price/EPS of 23-24 | |
| Price/BV Ratio | ? |
| Price/BV after IPO | – |
How Afcom Holdings IPO compares with the Peers?
There are no listed companies in India that engage in a business that is similar to that of this company. Accordingly, it has not provided an industry comparison in relation to the company.
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Afcom Holdings IPO Review
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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.
