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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹73.83 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹73.83 Cr |
| Fresh Issue | ₹70.01 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹102.00-108.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544224 |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in Feburary 2013, Afcom Holdings Limited is involved in transporting cargo on an airport-to-airport basis. The company has General Sales and Service Agents (GSSAs) in India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan.
The company operates cargo flights to the ASEAN (Association of Southeast Asian Nations) countries, including Singapore, Indonesia, and Brunei, with a focus on Singapore.
The company signed an agreement on 24 September 2021 with the Air Logistics Group, a division of World Freight Company, a global leader in the cargo sales and service business. The Air Logistics group will act as the Company's General Sales and Service Agent (GSSA) in far-eastern countries. Additionally, on 13 October 2022, the company agreed with Taylor Logistics Private Limited, a part of the TTK Group, to serve as the GSSA in India.
As of February 29, 2024, the company has 47 employees, including 21 crews. Among them, they have 10 captains, 6 first officers, 3 Transition Captains, and 2 Trainee First Officers.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards taking of two new aircraft on lease basis | 42.80 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company | 10.00 |
| 3 | Funding of working capital requirement | 8.00 |
| 4 | General Corporate Purposes | 9.53 |
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 129.30 | 82.85 | 25.15 | 9.00 |
| Total Income | 134.16 | 84.90 | 48.67 | 13.89 |
| Profit After Tax | 23.10 | 13.59 | 5.15 | -4.20 |
| NET Worth | 100.88 | 73.31 | 21.82 | -3.37 |
| Reserves and Surplus | 82.86 | 55.70 | 19.32 | -5.50 |
| Total Borrowing | 15.48 | 0.48 | 0.04 | 14.71 |
| Amount in ₹ Crore | ||||
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 26.53% |
| ROCE | 28.30% |
| Debt / Equity | 0.15% |
| RoNW | 22.90% |
| PAT Margin | 17.28% |
| Price to Book Value | 1.93 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.54 | 10.14 |
| P/E (x) | 14.33 | 10.65 |
| Promoter Holding | 58.94% | 42.73% |
| Market Cap | ₹268.46 Cr. | |
