Afcom Holdings Limited
Bookbuilding IPO · BSE
- Price band
- ₹102 - ₹108
- Lot size
- 1,200 shares
- Issue amount
- ₹73.83 cr
- Total subscription
- 303.11×
- Opens
- 2 Aug 2024
- Closes
- 6 Aug 2024
- Allotment
- 7 Aug 2024
- Listing
- 9 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 68,36,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,22,400
- Fresh issue
- ₹73.83 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,29,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,80,21,306
- Shares after issue
- 2,48,57,706
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,29,600 |
| HNI | 2 | 2,400 | ₹2,59,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 14.45 | 2,691.12 |
| RETAIL | 24.57 | 4,984.01 |
| NIB | 10.51 | 7,338.85 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 13.09 | 7.94 | 4.37 |
| ROE | 0 | 0 | 0 |
| ROCE | 34.63 | 39.94 | 59.44 |
| RONW | 26.53 | 28.57 | 55.82 |
| PRE IPO(PE) | 14.33 | 0 | 0 |
| POST IPO(PE) | 10.65 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Afcom Holdings Limited, founded in February 2013, specializes in airport-to-airport cargo transportation and has established General Sales and Service Agents (GSSAs) across India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. The company focuses on cargo flights to ASEAN countries, particularly Singapore, Indonesia, and Brunei. Afcom collaborates with Air Logistics Group for far-eastern operations and Taylor Logistics Private Limited in India. As of February 2024, the company employs 47 people, including 21 crew members, ensuring smooth cargo operations across its key markets.
Strengths
- Skilled & Experienced Team: Afcom Holdings has a highly trained crew, including 10 captains, 6 first officers, 3 transition captains, and 2 trainee first officers, ensuring smooth and safe cargo operations.
- Strong Industry Partnerships: Collaborations with top logistics companies like Air Logistics Group and Taylor Logistics strengthen Afcom’s market presence and operational reach.
- Commitment to Safety & Quality: Advanced inspection systems ensure all cargo meets strict regulatory standards, delivering reliable and secure services.
Risk factors
- Legal Concerns: A key promoter, P Karthik Iyer Parasuraman, is involved in legal proceedings, which could affect the company’s reputation and operations.
- Customer Concentration Risk: Afcom depends on its top five customers for most of its revenue, so losing any of them could impact profitability.
- Timely Deliveries Matter: Any delays in cargo shipments could lead to customer dissatisfaction and potential business losses.
Promoters
Capt. Deepak Parasuraman
Mr. Kannan Ramakrishnan
Wg. Cdr. Jaganmohan Mathena (Retd)
Mrs. Manjula Annamalai
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
2, LIC Colony Dr. Radhakrishnan Nagar, Thiruvanmiyur, Chennai-600041
+91-9841019204
[email protected]Company website ↗Understanding AFCOM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.