Afcom Holdings Limited aims to release its IPO on 2nd August 2024. Investors have a lot of enthusiasm towards this SME IPO, which is going to end on 6th August, 2024. The company is gearing up to raise approximately Rs 73.83 crores through a fresh issue of 68.36 lakh shares. This blog will contain information about Afcom Holdings as a company, the Afcom Holdings IPO review, as well as market conditions and investment opportunity analysis.
Table of Contents
Afcom Holdings IPO Details
| IPO Date | August 2, 2024, to August 6, 2024 |
| Listing Date | Friday, August 9, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,836,400 shares (aggregating up to ₹73.83 Cr) |
| Fresh Issue | 6,836,400 shares (aggregating up to ₹73.83 Cr) |
| Issue Type | Book-Built Issue IPO |
| Listing At | BSE SME |
| Overall Subscription | TBA |
| Share holding pre issue | 18,021,306 |
| Share holding post issue | 24,857,706 |
| Market Maker portion | 354,000 shares |
Afcom Holdings IPO: Important Dates
All the important dates regarding the Afcom Holdings Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events. Afcom Holdings IPO’s opening date is Friday, August 2, 2024 and the offer will close on August 6, 2024.
| IPO Open Date | Friday, August 2, 2024 |
| IPO Close Date | Tuesday, August 6, 2024 |
| Basis of Allotment | Wednesday, August 7, 2024 |
| Initiation of Refunds | Thursday, August 8, 2024 |
| Credit of Shares to Demat | Thursday, August 8, 2024 |
| Listing Date | Friday, August 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2024 |
Today’s GMP for Afcom Holdings IPO
The expected Grey Market Premium (GMP) for the Afcom HoldingsIPO is ₹47. Whereas the share price is set at ₹102 to ₹108 per share. The expected listing price of the Afcom Holdings Limited IPO is ₹155 by combining the cap price with today’s GMP. The following table displays the trend of the Afcom Holdings IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| August 2, 2024 | ₹102-₹108 | ₹51 |
| July 31, 2024 | ₹102 to ₹108 per share | ₹47 |
Afcom Holdings IPO Lot Size and Investors Type
This IPO offer a minimum of1200 shares per lot. The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
Afcom Holdings Limited IPO Quota Shares Offered
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Afcom Holdings Ltd IPO Promoter Holding
| Share Holding Pre Issue | 58.94% |
| Share Holding Post Issue | 0% |
Afcom Holdings Limited Financials
| Period Ended | FY23-24 | FY22-23 | FY21-22 |
| Assets | ₹129.30 crore | ₹82.85 crore | ₹25.14 crore |
| Revenue | ₹134.16 crore | ₹84.90 crore | ₹48.67 crore |
| Profit After Tax | ₹23.10 crore | ₹13.58crore | ₹5.15 crore |
| Net Worth | ₹10,087.71 | ₹73.30 crore | ₹21.82 crore |
| Reserves and Surplus | ₹82.86 crore | ₹55.70 crore | ₹19.32 crore |
| Total Debts | ₹15.47 crore | ₹47.60 lakh | ₹3.83 lakh |
Company Overview: Afcom Holdings Limited
Afcom Holdings Limited primarily focuses on delivering cargo from one airport to another. The handling and transportation of cargo across various destinations has well positioned the company in the logistics sector of the economy. Afcom Holdings demonstrated stable performance based on its network and operational experience. In its financial statements, the company seems to be on a growth path, as the reports presented reveal rising profit after tax and a sound net worth.
Afcom Holdings IPO Review
Afcom Holdings IPO is a book built issue overall offer for subscription is ₹73.83 crore are to be raised through the public issue of 68.36 lakh shares. This fresh issue is important to the company since it will enable it to undertake expansion and many operational enhancements. The IPO will be open for subscription from 2nd August, 2024 to 6th August, 2024.
The IPO is being offered at the price band of ₹102 to ₹108 for a share. Since Afcom Holdings is already listed and has a good financial standing, the issue is expected to be highly sought after by investors. The final price and value will dictate the demand and success of the offering or the share issuance. Investors should closely monitor the price band and the financial performance of the company before deciding to invest in the company.
Market Outlook and Investment Analysis
The logistics and cargo services industry is growing firmly, particularly catalyzed by the rising trade globally and increase in e-commerce. These industry trends favour Afcom Holdings because of its airport-to-airport cargo handling specialty. These aspects of the company’s operations, including a clear specialization and good financial figures, could serve as a good foundation for investment.
Investors should consider the following factors:
- Industry Growth: The logistics industry is growing, and Afcom Holdings and other similar companies could benefit from this growing sector. The rising need for effective cargo management and the transport process presents competitive opportunities for the firm.
- Financial Health: Afcom Holdings’ financial performance seems satisfactory based on the growth in profit and the improvement in the net worth of the business venture. This stability is perhaps refutable as a good selling point to investors in terms of looking for steady investment.
- IPO Pricing: The success of the IPO will mainly depend on the price that is set for the float. Once the price band is announced, investors should analyze the same against the financial ratios of the firm to determine probable returns.
- Market Sentiment: Market sentiment and investor awareness of the logistics sector will also help determine the outcome of the IPO. The customer outlook and industry performance can be improved by a positive history and developments.
Afcom Holdings Limited
2, LIC Colony Dr. Radhakrishnan Nagar
Thiruvanmiyur, Chennai PIN Code-600041
Phone: +91-9841019204
Email: [email protected]
FAQs
1. What is the Afcom Holdings Limited IPO’s GMP price?
The current GMP price of the Afcom Holdings IPO is ₹47.
2. On which exchange will the Afcom Holdings Ltd IPO be listed?
Afcom Holdings Limited shares are to be listed on BSE SME.
3. When is the allotment date for Afcom Holdings Ltd IPO?
The allotment date of the Afcom IPO is August 2, 2024.
4. What are the opening and closing dates of the IPO?
Afcom Holdings IPO will open on August 2, 2024 & close on August 6, 2024.
5. When is the listing date for the Afcom Holdings Limited IPO?
Rajputana Industries IPO’s listing date is August 9, 2024.
Conclusion
The Afcom Holdings Limited IPO presents a unique opportunity for investors seeking to vent into the logistics business. With a sound and clear company profile, an accurate and logical IPO plan, and a right time to go public, Afcom Holdings will go public successfully. Regarding the location of the IPO, investors should pay attention to the issue and offer price, as well as the general market trend. Overall, the firm’s robust financials and projected growth present the investor with a possibility of greatly benefiting from the growing logistics sector.