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 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.
Afcom Holdings IPO – Details
| IPO Opening Date | 02 August 2024 |
| IPO Closing Date | 06 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 68,36,400 Shares Worth ₹73.83 Crore Fresh Issue: 68,36,400 Shares Worth ₹73.83 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 – ₹108 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Afcom Holdings IPO – Date Schedule
| IPO Open Date | 02 August 2024 |
| IPO Close Date | 06 August 2024 |
| Basis of Allotment | 07 August 2024 |
| Initiation of Refund | 08 August 2024 |
| Credit of Shares to Demat Account | 08 August 2024 |
| IPO Listing Date | 09 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 06, 2024 |
Afcom Holdings IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2400 | ₹2,59,200 |
Competitive Strengths
- Workforce Expertise.
- Leadership Excellence.
- Advanced Inspection Systems.
- Delivery Commitment.
- Specialized Talent Retention.
Company Promoters
- Capt. Deepak Parasuraman
- Mr. Kannan Ramakrishnan
- Wg. Cdr. Jaganmohan Mathena (Retd)
- Mrs. Manjula Annamalai
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 13.88 | 19.97 | -4.20 | 14.71 |
| 31 March 2022 | 48.66 | 40.28 | 5.14 | 0.03 |
| 31 March 2023 | 84.90 | 66.74 | 13.58 | 0.47 |
| 29 February 2024 | 134.16 | 103.04 | 23.10 | 15.47 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.53% |
| ROCE | 28.30% |
| Debt/Equity | 0.15 |
| RoNW | 22.90% |
| P/BV | 1.93 |
| PAT Margin (%) | 17.28 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 7.54 | 10.14 |
| P/E (x) | 14.33 | 10.65 |
Object Of The Issue
- 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 IPO Promoter Holding
| Pre Issue Share Holding | 58.94% |
| Post Issue Share Holding | – |
Afcom Holdings IPO Prospectus
Company Contact Information
| Afcom Holdings Limited 2, LIC Colony Dr. Radhakrishnan Nagar Thiruvanmiyur Chennai-600041 Phone: +91-9841019204; Email: corporate@afcomcargo.com Website: https://afcomcargo.com/ |
Afcom Holdings IPO Registrar
| Link 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 |
Afcom Holdings IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Afcom Holdings IPO FAQs
| What is Afcom Holdings IPO? Afcom Holdings IPO is a SME IPO. The issue is priced at ₹102 and ₹108 per equity share. The IPO is to be listed on BSE SME. |
| When Afcom Holdings IPO will open? The IPO is to open on 02 August 2024 for QIB, NII, and Retail Investors. |
| What is Afcom Holdings IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Afcom Holdings IPO? You can apply Afcom Holdings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Afcom Holdings IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Afcom Holdings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Afcom Holdings IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Afcom Holdings IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Afcom Holdings IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Afcom Holdings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Afcom Holdings IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Afcom Holdings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Afcom Holdings IPO Size? Afcom Holdings IPO size is ₹73.83 Crore. |
| What is Afcom Holdings IPO Price Band? Afcom Holdings IPO Price Band is ₹102 – ₹108. |
| What is Afcom Holdings IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,29,600 amount while the maximum bid is 1200 Shares with ₹1,29,600. |
| What is the Afcom Holdings IPO Allotment Date? Afcom Holdings IPO allotment date is 07 August 2024. |
| What is the Afcom Holdings IPO Listing Date? Afcom Holdings IPO listing date is 09 August 2024. The IPO is to be listed on BSE SME. |
