Afcom Holdings IPO Subscription Status

Afcom Holding IPO - Day-3 Subscription at 303.03 times

Afcom Holdings IPO will close on 6th Aug. Shares of Afcom Holdings will likely be listed on 9 August on BSE SME platform. As of 6th August 2024, Afcom Holdings IPO received bids for 1,38,98,37,600 shares much more than the 45,86,400 shares offered. It means Afcom Holdings IPO was oversubscribed 303.03 times by the end of day 3.

Here are the subscription details for Afcom Holdings IPO as of Day 3 (6th August 2024 at 5:25 pm):

Afcom Holdings IPO subscription was mainly driven by HNI / NII investors on day 3, followed by Retail investors, then QIBs showed interest on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Afcom Holdings IPO for Days 1, 2, and 3

On day 1, Afcom Holdings IPO was subscribed 3.98 times. By day 2, the subscription status had risen to 36.69 times and on day 3, it reached 303.03 times.

Here are the subscription details for Afcom Holdings IPO by category as of Day 3:

Data Source: NSE

Afcom Holdings IPO received a varied response from different investor categories. Market Maker and Anchor Investors subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed 186.23 times on day 3. HNIs / NIIs portion subscribed 697.89 times, while Retail Investors subscribed 202.83 times. Overall, Afcom Holdings IPO was subscribed 303.03 times on Day 3.

Afcom Holding IPO - Day-2 Subscription at 36.69 times

Afcom Holdings IPO will close on 6th Aug. Shares of Afcom Holdings will likely be listed on 9 August on BSE SME platform. As of 5th August 2024, Afcom Holdings IPO received bids for 16,82,95,200 shares much more than the 45,86,400 shares offered. It means Afcom Holdings IPO was oversubscribed 36.69 times by the end of day 2.

Here are the subscription details for Afcom Holdings IPO as of Day 2 (5th August 2024 at 5.37 pm): 

Afcom Holdings IPO subscription was mainly driven by Retail investors on day 2, followed by HNI / NII investors, QIBs showed less interest on day 2. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Afcom Holdings IPO by category as of Day 2:

Data Source: NSE

On day 1, Afcom Holdings IPO was subscribed 3.98 times. By day 2, the subscription status had risen to 36.69 times. Qualified Institutional Buyers (QIBs) subscribed 3.49 times on day 2. HNIs / NIIs portion subscribed 44.86 times, while Retail Investors subscribed 52.73 times. Overall, Afcom Holdings IPO was subscribed 36.69 times on Day 2.

Afcom Holding IPO - Day-1 Subscription at 3.98 times

Afcom Holdings IPO will close on 6th Aug. Shares of Afcom Holdings will likely be listed on 9 August on BSE SME platform. On 2nd August 2024, Afcom Holdings IPO received bids for 1,82,71,200 shares much more than the 45,86,400 shares offered. It means Afcom Holdings IPO was oversubscribed 3.98 times by the end of day 1

Here are the subscription details for Afcom Holdings IPO as of Day 1 (2 August 2024 at 5.39 pm): 

Afcom Holdings IPO subscription was mainly driven by Retail investors on day 1, followed by HNI / NII investors, Qualified Institutional Buyers (QIBs) did not show interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Afcom Holdings IPO by category as of Day 1:

Data Source: NSE

On day 1, Afcom Holdings IPO was subscribed 3.98 times. Qualified Institutional Buyers (QIBs) did not participate on day 1. HNIs / NIIs portion subscribed 3.36 times, while Retail Investors subscribed 6.59 times. Overall, Afcom Holdings IPO was subscribed 3.98 times on Day 1.

About Afcom Holdings

Incorporated in February 2013, Afcom Holdings transports cargo on an airport to airport basis. They have General Sales and Service Agents (GSSAs) in India, Hong Kong, Singapore, Thailand, Japan, South Korea, China and Taiwan. The company operates cargo flights to ASEAN countries, focusing on Singapore.

On September 24, 2021, Afcom signed an agreement with Air Logistics Group to be their GSSA in far eastern countries. Additionally, on October 13, 2022, they partnered with Taylor Logistics Private to serve as their GSSA in India.

Highlights of Afcom Holdings IPO

IPO dates:  2 Aug - 6 Aug
IPO price band: ₹102 - ₹108 per share
Minimum lot size for retail investors: 1 lot (1200 shares)
Minimum investment for retail investors: ₹129,600
Minimum investment for High Net-worth Investors (HNI): 2 lots (2,400 shares), ₹259,200
Registrar: Link Intime India Private Ltd

Afcom Holdings will use the net proceeds for leasing two new aircraft, repaying certain borrowings, funding working capital, general corporate purposes and covering issue expenses.