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Open
2 Aug 2024
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Close
6 Aug 2024
3
Allotment
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Listing
Fri, Aug 9, 2024
Price Band
₹102 to ₹108
Issue Size
68,36,400 shares (agg. up to ₹74 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Aug 9, 2024
Latest GMP
₹80
Est. Gain
74.07%
✦ AI Insight
GMP Trend
09-08-2024₹80Est. ₹188+74.07%
08-08-2024₹80Est. ₹188+74.07%
07-08-2024₹80Est. ₹188+74.07%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 214.12x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ashapura Logistics Ltd. | SME | ₹52.66 Cr | ₹144 | 11.54 | ₹175.75 | +22.05% | ₹53.75 (-3.15%) |
| Premier Roadlines Ltd. | SME | ₹40.36 Cr | ₹67 | 15.7 | ₹91.35 | +36.34% | ₹46.25 (+0.54%) |
| GConnect Logitech & Supply Chain Ltd. | SME | ₹5.60 Cr | ₹40 | 1.5 | ₹44.10 | +10.25% | ₹10.00 (+0.00%) |
| Sahara Maritime Ltd. | SME | ₹6.88 Cr | ₹81 | 15.03 | ₹81.16 | +0.20% | ₹22.00 (-2.22%) |
| S J Logistics (India) Ltd. | SME | ₹48.00 Cr | ₹125 | 14.14 | ₹183.75 | +47.00% | ₹336.65 (+1.25%) |
| Marinetrans India Ltd. | SME | ₹10.92 Cr | ₹26 | 14.53 | ₹31.00 | +19.23% | ₹14.15 (+4.81%) |
| Committed Cargo Care Ltd. | SME | ₹24.95 Cr | ₹77 | 10.94 | ₹86.10 | +11.82% | ₹330.00 (-2.37%) |
| Oneclick Logistics India Ltd. | SME | ₹9.91 Cr | ₹99 | 0.51 | ₹133.00 | +34.34% | ₹430.00 (+1.42%) |
| TVS Supply Chain Solutions Ltd. | Mainboard | ₹880.00 Cr | ₹197 | 189.42 | ₹201.00 | +2.03% | ₹138.59 (-0.11%) |
Objects of the Issue
| # | 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 |
About Afcom Holdings IPO
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.+ Read More
Contact Details
Afcom Holdings Ltd. Address2, LIC Colony Dr.Radhakrishnan NagarThiruvanmiyurChennai, Tamil Nadu, 600041+91-9841019204;corporate@afcomcargo.comVisit Website