Afcom Holdings is scheduled to hit the market on August 02, 2024 and close on August 06, 2024. Afcom Holdings plans to raise around ₹73.83 Cr through an IPO with a sale of up to 6,836,400 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Afcom Holdings Limited, incorporated in February 2013, specializes in transporting cargo on an airport-to-airport basis. The company has established General Sales and Service Agents (GSSAs) in various countries, including India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. It operates cargo flights primarily targeting ASEAN countries, with a particular emphasis on Singapore.
On September 24, 2021, Afcom Holdings signed an agreement with the Air Logistics Group, a division of World Freight Company, to act as its GSSA in far-eastern countries. Additionally, on October 13, 2022, the company partnered with Taylor Logistics Private Limited, part of the TTK Group, to serve as the GSSA in India. As of February 29, 2024, Afcom Holdings has a workforce of 47 employees, including 21 crew members made up of 10 captains, 6 first officers, 3 Transition Captains, and 2 Trainee First Officers.
Afcom Holdings IPO Details
Afcom Holdings IPO opens on August 02, 2024, and closes on August 06, 2024. The Listing date for Afcom Holdings IPO is on August 09, 2024. The price band for IPO is ₹102 to ₹108 per share and lot size of 1200 Shares.
| IPO Date | August 02, 2024 to August 06, 2024 |
| Listing Date | August 09, 2024 |
| Price | ₹102 to ₹108 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹73.83 Cr |
| Face Value | ₹10 per share |
Afcom Holdings IPO Tentative Timetable
Afcom Holdings opening date is August 02, 2024 and close date is August 06, 2024. The IPO allotment date is August 07, 2024. Therefund initiation of IPO is on August 08, 2024. The credit of shares in demat account is on August 08, 2024. The listing date is on August 09, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 02, 2024 |
| IPO Closing | August 06, 2024 |
| IPO Allotment Date | August 07, 2024 |
| Refund Initiation | August 08, 2024 |
| Shares Credit to Demat | August 08, 2024 |
| Lisiting Date | August 09, 2024 |
Afcom Holdings IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹129,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹129,600 |
| Retail(Maximum) | 13 | 1200 | ₹129,600 |
| S-HNI (Minimum) | 14 | 2,400 | ₹259,200 |
Afcom Holdings IPO Promoter Holding
| Pre Issue Share Holding | 58.94% |
| Post Issue Share Holding |
Afcom Holdings IPO Review
Afcom Holdings Ltd. (AHL) is a notable player in the cargo transportation industry, specializing in airport-to-airport carriage of goods. The company has carved a unique niche in the ASEAN region, where it has honed its services to meet the specific needs of this market. AHL has shown consistent growth, particularly from FY22 onwards, indicating promising future trends and prospects. This growth trajectory, coupled with the company's strategic positioning, suggests that it will attract significant interest from investors post-listing. Those looking to invest might consider AHL for medium to long-term returns, given its solid performance and expansion plans.
AHL's business model is centered around three core principles: people-centricity, customer-first approach, and service excellence. The company has established a robust network of General Sales and Service Agents (GSSAs) across major markets including India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. These GSSAs act as extended arms of the airline, facilitating cargo bookings, customs clearance, and seamless handover of shipments. AHL has also forged significant partnerships, such as with the Air Logistics Group and Taylor Logistics Private Limited, enhancing its global reach and service capabilities. The company's mission is to offer flexible, reliable, and value-driven supply chain solutions, catering to a diverse customer base across various sectors.
Financially, AHL has demonstrated impressive growth, with total revenues rising from Rs. 13.89 crore in FY21 to Rs. 134.16 crore for the 11 months ending February 29, 2024. The company has successfully turned its financial performance around, posting a net profit of Rs. 23.10 crore for the same period. This turnaround is a testament to AHL's robust business model and strategic execution. The company's IPO, priced between Rs. 102 and Rs. 108 per share, aims to raise Rs. 73.83 crore, which will be utilized for capital expenditure on new aircraft, debt repayment, and working capital needs. With a reasonable pricing strategy and a strong growth outlook, AHL presents a compelling investment opportunity for those seeking medium to long-term gains.
Afcom Holdings IPO Subscription Status (Bidding Details)
Table not foundAfcom Holdings IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Afcom Holdings IPO FAQs
What is Afcom Holdings IPO?
Afcom Holdings is issuing 6,836,400 equity shares with a face value of ₹10 each, totaling up to ₹73.83 Cr. The shares are being offered at a price of ₹102 to ₹108 each, with a minimum order quantity of 1200 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Afcom Holdings IPO will open?
Afcom Holdings will open on August 02, 2024 for QIB, NII, and Retail Investors.
When Afcom Holdings IPO will end?
Afcom Holdings will end on August 06, 2024.
What is Afcom Holdings IPO Size?
Afcom Holdings IPO size is ₹73.83 Cr.
What is Afcom Holdings IPO Price Band?
Afcom Holdings price band is ₹102 to ₹108 per share.
What is the Afcom Holdings IPO Allotment Date?
Afcom Holdings allotment date is August 07, 2024.
What is the Afcom Holdings IPO Listing Date?
Afcom Holdings listing date is August 09, 2024. The IPO is to be listed on BSE and NSE.
How to Afcom Holdings IPO through Zerodha?
To apply for the IPO “Afcom Holdings” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Afcom Holdings IPO through Upstox?
To apply for the IPO “Afcom Holdings” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Afcom Holdings IPO Allotment Status?
July 30, 2024For Afcom Holdings IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Afcom Holdings IPO GMP?
You can check out here: Afcom Holdings IPO GMP