Afcom Holdings IPO
IPO Details
- Open Date
02 Aug 2024
- Close Date
06 Aug 2024
- IPO Price Range
₹ 102 to ₹108
- IPO Size
₹ 73.83 Cr
- Listing Exchange
BSE SME
- Listing Date
09 Aug 2024
IPO Timeline
Afcom Holdings IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 2-Aug-2024 | 0.00 | 3.36 | 6.59 | 3.98 |
| 5-Aug-2024 | 3.49 | 44.86 | 52.73 | 36.69 |
| 6-Aug-2024 | 186.23 | 697.88 | 202.83 | 303.03 |
Last Updated: 06 August 2024 6:04 PM by 5Paisa
Last Updated: 6th August 2024, 05:25 PM by 5paisa
Afcom Holdings IPO is set to open on 02 August 2024 and will close on 06 August 2024. The company transports freight from airport to airport.
The IPO includes a fresh issue of 68,36,400 shares aggregating up to ₹73.83 Cr. The price range is ₹102 to ₹108 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalized on 07 August 2024. It will go public on BSE SME, with a tentative listing date of 09 August 2024.
GYR Capital Advisors Private Limited is the book-running lead manager, while Link Intime India Private Ltd is the registrar.
Objectives Of Afcom Holdings IPO
1. Funding Capital Expenditure towards taking of two new aircraft on Lease basis
2. Prepayment or repayment of all or a portion of certain outstanding borrowings
3. Funding of working capital requirement
4. General Corporate Purposes
5. To meet the Issue Expenses
Afcom Holdings IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 73.83 |
| Offer for sale | - |
| Fresh issue | 73.83 |
Afcom Holdings IPO Lot Size
| 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 |
IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 186.23 | 13,38,000 | 24,91,77,600 | 2,691.12 |
| NII (HNI) | 697.88 | 9,73,200 | 67,91,78,400 | 7,335.13 |
| Retail | 202.83 | 22,75,200 | 46,14,78,000 | 4,983.96 |
| Total | 303.03 | 45,86,400 | 1,38,98,34,000 | 15,010.21 |
Afcom Holdings IPO Anchor Allocation
| Anchor Bid Date | 01 August 2024 |
| Shares Offered | 18,96,000 |
| Anchor portion Size (In ₹ Cr.) | 20.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | 06 September 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 05 November 2024 |
Afcom Holdings Limited, established in February 2013, transports freight from airport to airport.
The firm has set up General Sales and Service Agents (GSSAs) in India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan.
It provides cargo flights to many ASEAN (Association of Southeast Asian Nations) nations, with a major concentration on Singapore, Indonesia, and Brunei.
On September 24, 2021, Afcom Holdings inked a deal with the Air Logistics Group, a branch of World Freight Company, to operate as its GSSA for Far Eastern nations.
Furthermore, on October 13, 2022, the firm joined with Taylor Logistics Private Limited, a subsidiary of the TTK Group, to serve as its GSSA in India.
As of February 29, 2024, Afcom Holdings employs 47 individuals, including 21 crew members (10 captains, 6 first officers, 3 transition captains, and 2 trainee first officers).
Peers
Allcargo Logistics
Container Corporation of India
Blue Dart Express
Mahindra Logistics
For More Information
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 84.90 | 48.67 | 13.89 |
| EBITDA | 19.15 | 9.91 | -5.98 |
| PAT | 13.59 | 5.15 | -4.20 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 82.85 | 25.15 | 8.99 |
| Share Capital | 17.60 | 2.50 | 2.13 |
| Total Borrowings | 0.48 | 0.04 | 14.71 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -18.94 | -3.74 | -13.22 |
| Net Cash Generated From / (used in) investing activities | -12.27 | -0.04 | -0.20 |
| Net Cash Generated From / (used in) financing activities | 37.39 | 4.21 | 13.36 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 6.18 | 0.43 | -0.07 |
Strengths
1. Afcom Holdings has established General Sales and Service Agents (GSSAs) in key regions.
2. The company’s agreements with Air Logistics Group and Taylor Logistics Private Limited leverage the strengths of leading cargo sales and service businesses.
3. By concentrating its cargo flight operations in ASEAN countries it can capitalize on the robust economic growth and trade activities in these regions.
4. The company’s focus on airport-to-airport cargo transportation ensures streamlined and specialized services.
5. The presence of transition captains and trainee first officers indicates a structured approach to workforce training and development.
Risks
1. The cargo transportation industry is highly competitive, with numerous players vying for market share.
2. The company’s performance is closely tied to global economic conditions and trade volumes.
3. While focusing on ASEAN countries offers growth opportunities, it also poses risks if economic or political instability affects these markets.
4. Operating across multiple international markets involves complex logistics and regulatory compliance.
5. Dependence on strategic partners like Air Logistics Group and Taylor Logistics Private Limited could pose risks if these partnerships face challenges.
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FAQs
Afcom Holdings IPO opens from 2nd august to 6th August 2024.
The size of Afcom Holdings IPO is ₹73.83 Cr.
The price of Afcom Holdings IPO is fixed at ₹102 to ₹108 per share.
To apply for Afcom Holdings IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Afcom Holdings IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Afcom Holdings IPO is 1200 shares and the investment required is ₹1,29,600.
The share allotment date of Afcom Holdings IPO is 7th August 2024
The Afcom Holdings IPO will be listed on 9th August 2024.
GYR Capital Advisors Private Limited is the book-running lead manager for Afcom Holdings IPO.
Afcom Holdings plans to utilize the raised capital from the IPO for:
1. Funding Capital Expenditure towards taking of two new aircraft on Lease basis
2. Prepayment or repayment of all or a portion of certain outstanding borrowings
3. Funding of working capital requirement
4. General Corporate Purposes
5. To meet the Issue Expenses
Contact Information
Afcom Holdings
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 Register
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
GYR Capital Advisors Private Limited
