Afcom Holdings Limited (BSE SME)
Aug 2, 2024 - Aug 6, 2024
| Price | ₹102 - ₹108 |
| Premium | ₹80 |
|---|---|
| Lot size | 1200 |
| Allotment | Aug 7, 2024 |
| Listing | Aug 9, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 129600 | 1896 |
| HNI | 2 | 2400 | 259200 | 811 |
Last updated on 06-Aug-2024 23:30:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1338000 | 249177600 | 186.23 |
| HNIs | 973200 | 679522800 | 698.24 |
| Retail | 2275200 | 461482800 | 202.83 |
| Total | 4586400 | 1390183200 | 303.11 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹101.24 | @8% ₹115.7 | @9% ₹130.16 | @10% ₹144.62 | @11% ₹159.08 | @12% ₹173.55 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.28% | 2275200 |
| NII (HNI) | 14.24% | 973200 |
| Anchor | 27.73% | 1896000 |
| QIB | 19.57% | 1338000 |
| Market Maker | 5.18% | 354000 |
| Total | 100.00% | 6836400 |
Afcom Holdings IPO Details
| 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 |
| Share holding pre issue | 18,021,306 |
| Share holding post issue | 24,857,706 |
| Market Maker portion | 354,000 shares Giriraj Stock Broking |
Key Performance Indicator
| KPI | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROCE | 34.63% | 39.94% | 59.44% |
| RONW | 26.53% | 28.57% | 55.82% |
| D/E | 0.15 | 0.01 | - |
| EPS (basic) | 13.09 | 7.94 | 4.37 |
| P/E Pre IPO | 14.33 | ||
| P/E Post IPO | 10.65 |
Company Financials
Afcom Holdings Limited Financial Information (Restated)
| Period | Feb 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 12,929.75 | 8,285.40 | 2,514.51 | 899.92 |
| Revenue | 13,416.38 | 8,490.12 | 4,866.97 | 1,388.72 |
| Profit | 2,310.37 | 1,358.62 | 514.80 | -420.31 |
| Net Worth | 10,087.71 | 7,330.56 | 2,181.65 | -337.19 |
| Reserves | 8,285.58 | 5,570.19 | 1,931.78 | -549.95 |
| Borrowing | 1,547.50 | 47.60 | 3.83 | 1,471.32 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in February 2013, Afcom Holdings Limited specializes in transporting cargo on an airport-to-airport basis. The company has established General Sales and Service Agents (GSSAs) in India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. Afcom operates cargo flights to ASEAN countries, with a particular emphasis on Singapore, Indonesia, and Brunei. On 24 September 2021, Afcom signed an agreement with the Air Logistics Group, a division of World Freight Company, to act as its GSSA in far-eastern countries. Additionally, on 13 October 2022, the company partnered with Taylor Logistics Private Limited, part of the TTK Group, to serve as its GSSA in India. As of February 29, 2024, Afcom Holdings Limited employs 47 individuals, including 21 crew members, comprising 10 captains, 6 first officers, 3 transition captains, and 2 trainee first officers.
GYR Capital Advisors Private Limited
Workforce Expertise: Afcom Holdings Limited boasts a skilled and experienced workforce, including 21 crew members with a mix of 10 captains, 6 first officers, 3 transition captains, and 2 trainee first officers, ensuring efficient and safe cargo operations.
Leadership Excellence: The Company’s strategic agreements with industry leaders like the Air Logistics Group and Taylor Logistics Private Limited demonstrate its strong leadership and ability to forge significant partnerships, enhancing its market presence in key regions.
Advanced Inspection Systems: Afcom's commitment to quality and safety is reflected in its use of advanced inspection systems, ensuring that all cargo and operations meet stringent regulatory standards and maintaining high levels of reliability and customer satisfaction.
Legal Issues: A key member of the Promoter Group, P Karthik Iyer Parasuraman, is involved in legal proceedings with SEBI, the Stock Exchange, and CBI, which could impact the company's reputation and operations.
Customer Dependency: The Company relies heavily on its top five customers for the majority of its revenue. Losing business from any of these key customers could significantly affect Afcom's revenue and profitability.
Operational Delays: Any delays in delivering goods could negatively impact Afcom's business and operations, potentially leading to customer dissatisfaction and loss of business.
Phone: +91-22-4918 6270
Email: afcomholdings.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html