Afcom Holdings Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,234,000 (47%) | — | ₹3,493 Cr |
| NII (HNI) | — | 973,200 (14%) | — | ₹1,051 Cr |
| Retail | — | 2,275,200 (33%) | — | ₹2,457 Cr |
| Market Maker | — | 354,000 (5%) | — | ₹38 Cr |
| Σ Total | — | 6,836,400 (100%) | — | ₹73,833 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,814,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,683,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 13,416 | 8,490 | 4,867 |
| Profit After Tax | 2,310 | 1,359 | 515 |
| Net Worth | 10,088 | 7,331 | 2,182 |
| Total Assets | 12,930 | 8,285 | 2,515 |
| Reserves & Surplus | 8,286 | 5,570 | 1,932 |
| Total Borrowing | 1,548 | 48 | 4 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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 –
Company Overview
Incorporated in Feburary 2013, 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 (Association of Southeast Asian Nations) 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.