Afcom Holdings IPO Allotment Status

Afcom Holdings IPO: Overwhelming Response, Allotment, and Listing

Afcom Holdings IPO The Afcom Holdings IPO concluded on 6th August 2024 with an impressive overall subscription rate of 303.03 times. The company's shares will be listed on the BSE SME platform on 9th August 2024. By the end of the subscription period, the IPO had received bids for 1,38,98,37,600 shares, significantly surpassing the 45,86,400 shares on offer.

The IPO garnered substantial interest across various investor categories. Non-institutional investors (NII) led the charge with a subscription rate of 697.89 times, followed by retail investors at 202.83 times. Qualified Institutional Buyers (QIB) also showed strong interest, subscribing 186.23 times the shares allocated to their category. Both anchor investors and market makers fully subscribed to their respective portions, each with a subscription rate of 1 time.

Investors who have applied for the Afcom Holdings IPO can check their allotment status through the official website of the registrar, Link Intime India Private Ltd, or through the BSE website.

How to Check Afcom Holdings IPO Allotment Status on Link Intime 

Step 1 -  Here's a step-by-step guide to checking the allotment status:

Step 2 -  Visit the Link Intime India Private Ltd website: https://linkintime.co.in/MIPO/Ipoallotment.html

Step 3 -  Select "Afcom Holdings Limited" from the company dropdown menu.

Step 4 -  Enter your PAN number, application number, or DP Client ID.

Step 5 -  Click on the "Search" button to view your allotment status.

Step 6 -  Download or print the allotment status for your records.

How to Check Afcom Holdings IPO Allotment Status on BSE 

Step 1 -  Go to the official BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

Step 2 -  Navigate to the "Status of Issue Application" section

Step 3 -  Select "Equity" as the Issue Type and "Afcom Holdings Limited" as the Issue Name

Step 4 -  Enter your application number and PAN number

Step 5 -  Complete the captcha verification

Step 6 -  Click on "Search" to view your allotment status

Step 7 -  Download or print the allotment status for your records

Afcom Holdings IPO Timeline IPO 

Open Date: Friday, 2nd August 2024 

IPO Close Date: Tuesday, 6th August 2024 

Basis of Allotment: Wednesday, 7th August 2024 

Initiation of Refunds: Thursday, 8th August 2024 

Credit of Shares to Demat: Thursday, 8th August 2024 

Listing Date: Friday, 9th August 2024

Investors who received company shares will have their demat accounts credited on 8th August 2024. The refund procedure will begin on Thursday as soon as the allotment is finalised.

Afcom Holdings IPO Subscription Status 

Subscription Day 3
Total Subscription: 303.03 times 
Institutional Investors (QIBs): 186.23 times 
Non-Institutional Investors (HNIs): 697.89 times 
Retail Investors: 202.83 times

Subscription Day 2
Total Subscription: 36.69 times 
Institutional Investors (QIBs): 3.49 times 
Non-Institutional Investors (HNIs): 44.86 times 
Retail Investors: 52.73 times

Subscription Day 1 
Total Subscription: 3.98 times 
Institutional Investors (QIBs): 0.00 times 
Non-Institutional Investors (HNIs): 3.36 times 
Retail Investors: 6.59 times

About Afcom Holdings IPO 

The Afcom Holdings IPO is a book-built issue with a total size of ₹73.86 crores. The IPO was open for subscription from 2nd August 2024 and closed on 6th August 2024. The allotment is anticipated to be finalised on 7th August 2024, with the listing scheduled on the BSE SME platform on 9th August 2024. The price band for the IPO is set between ₹102 and ₹108 per share, with a minimum lot size of 1,200 shares, requiring a minimum investment of ₹129,600 for retail investors. For High Net-worth Investors (HNIs), the minimum lot size is 2 lots (2,400 shares), amounting to ₹259,200.

Link Intime India Private Ltd is the registrar for the IPO, and GYR Capital Advisors Private Limited is the lead manager. Giriraj Stock Broking will act as the market maker for the issue. The IPO will use the proceeds primarily to fund capital expenditure for leasing two new aircraft, repayment or prepayment of certain outstanding borrowings, funding working capital requirements, and general corporate purposes.

Established in 2013, Afcom Holdings Limited is a cargo airline company founded by Capt. Deepak Parasuraman. In 2017, the company obtained an NOC from the Ministry of Civil Aviation, India, to operate cargo airlines. Afcom Holdings has been running cargo flights to ASEAN countries, particularly Singapore, focusing on airport-to-airport cargo carriage.

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