AFCOM HOLDINGS Limited, a professionally managed International Cargo airline that began its business in Chennai. It was founded by industry professionals who have notable experience in building successful businesses and partnering with industry leaders in promising areas of Defence, IT, Financial Services, Real Estate and Aviation.

Afcom, a Book Built Issue amounting to ₹73.83 crores, consisting entirely a Fresh Issue of 68.36 Lakh Shares. The subscription period for the Afcom IPO opens on August 02, 2024, and closes on August 06, 2024. The allotment is expected to be finalized on or about Wednesday, August 07, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Friday, August 09, 2024.

The Share price band of Afcom IPO is set at ₹102 to ₹108 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹129,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹259,200.

GYRCAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. Giriraj Stock Broking Private Limited will act as the Market Maker for the Afcom IPO.

Afcom Holdings Limited IPO GMP Today
The Grey Market Premium of Afcom Holdings Limited IPO is expected in the range of ₹70 to ₹75 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Afcom Holdings Limited IPO Live Subscription Status Today
As of 06:00 PM on 02 August 2024, the Afcom Holdings Limited IPO live subscription status shows that the IPO subscribed 3.70 times on on the first day of subscription period. Check the Afcom Holdings Limited IPO Live Subscription Status Today at BSE.

Afcom Holdings Limited IPO Allotment Status
Afcom IPO allotment date is 07 August, 2024, Wednesday. Ola IPO Allotment will be out on 7th August 2024 and will be live on Registrar Website from the allotment date. Check Afcom Holdings Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Afcom Holdings Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Afcom Holdings Limited IPO
Afcom Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹4,279.91 Millions is required for Funding Capital Expenditure towards taking of two new aircraft on Lease basis; 
2. ₹1,000.00 Millions is required for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by their company 
3. ₹800.00 Millions is required for Funding of working capital requirement 
4. General Corporate Purposes 
5. To meet out the Issue Expenses.

Refer to Afcom Holdings Limited RHP for more details about the Company.

Financially, Afcom Holdings revenue increased from ₹1,388.72 Lakhs in FY21 to ₹4,866.97 Lakhs in FY22 and further increased to ₹8,490.12 in FY23 and currently increased at ₹13,416.38 Lakhs in 11MFY24. Similarly, EBITDA also increased from ₹-598.23 Lakhs in FY21 to ₹991.39 Lakhs in FY22 and further to ₹1915.34 in FY23 and currently increased at ₹3,299.55 Lakhs in 11MFY24. The PAT also increased from ₹-420.31 Lakhs in FY21 to ₹514.80 Lakhs in FY22 and further to ₹1,358.62 in FY23 and currently at ₹2,310.37 Lakhs in 11MFY24. This indicates a steady financial performance.

For the Afcom IPO, the company is issuing shares at a pre-issue EPS of ₹7.94 and a post-issue EPS of ₹5.46. The pre-issue P/E ratio is 13.60x, while the post-issue P/E ratio is 19.78x against the Logistics industry P/E ratio of 38x. The company's ROCE for 11MFY24 is 34.63% and ROE for 11MFY24 is 26.53%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Afcom indicates potential listing gains of 70% to 75%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply Afcom IPO for Listing gain purposes or Long Term Investment Purposes.

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