Afcom Holdings IPO Detail, SME IPO Review, Analysis

About Afcom Holdings

Company Information

Afcom Holdings Limited , originally incorporated in 2013 as Afcom Holdings Private Limited, was founded by Capt. Deepak Parasuraman, an aviation industry veteran with the vision to start a cargo airline business. After complying with the necessary regulations, the company obtained the NOC from the Ministry of Civil Aviation, India, in 2017, enabling it to operate cargo airlines. The company has since been operating cargo flights to ASEAN countries, particularly Singapore. Led by a management team with extensive industry experience, including promoters Capt. Deepak Parasuraman, Wg. Cdr Jagan Mohan Manthena, Kannan Ramakrishnan, and Manjula Annamalai, the company has grown significantly. Capt. Parasuraman and Wg. Cdr Manthena, with over three decades of aviation experience, have played a key role in the company's development, while Kannan Ramakrishnan

Object of Issue

Funding Capital Expenditure towards taking of two new aircraft on Lease basis
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Funding of working capital requirement
General Corporate Purposes
To meet the Issue Expenses

Afcom Holdings SME IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Aug, 2024

IPO Size :

73.83 Cr.

Market Cap :

268.46 Cr.

IPO Subscription :

303.03 X

PE Multiple :

10.65

Merchant Banker :
GYR Capital Advisors Private Limited

FAQs

1. What is Afcom Holdings IPO?

Afcom Holdings operates in Logistics and Transporting Cargo On An Airport-to-airport Basis. The Issue is listed on BSE SME in Aug, 2024. Afcom Holdings IPO size was 73.83 Cr. with Issue price of 108.00 .

2. Who is the merchant banker of Afcom Holdings IPO?

Merchant Banker(s) of Afcom Holdings IPO: GYR Capital Advisors Private Limited

3. How many times Afcom Holdings IPO was subscribed?

Afcom Holdings IPO subscription was 303.03 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Afcom Holdings IPO?

Afcom Holdings IPO listed at a listing price of 215.45 against the offer price of 108.00.

5. What is the current market price of Afcom Holdings IPO?

The current market price of Afcom Holdings is 845.70.

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Afcom Holdings IPO (Afcom Holdings Limited IPO) Detail

Financial Summary (at the time of ipo, on annualised basis)

Pricing Report

Performance Report (CAGR* wise)

About Afcom Holdings

Company Information

Object of Issue

Afcom Holdings SME IPO Details (at the time of IPO)

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