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Afcom Holdings IPO
Price Band
₹102.0–108.0
Issue Size
₹73.83 Cr
Lot Size
1,200 shares
Min Investment
₹129,600
GMP
+₹80.0 (74.07%)
Issue Price
₹108.0
Subject to Sauda
₹73000
Paid only if allotted
Afcom Holdings IPO AI Summary
- Afcom Holdings IPO is listed on BSE SME in the Logistics Solution Provider sector.
- Price band: ₹102.0–₹108.0 per share, lot size 1,200 shares (min. investment ₹129,600).
- Subscription window: 02 Aug–06 Aug 2024, listing on 09 Aug 2024.
- Current GMP is +₹80.0 (74.07%), an estimated listing price of ₹188 — unofficial and can change daily.
Afcom Holdings Limited is set to launch its IPO with a price band of ₹102 to ₹108. The company has shown significant growth in both revenue and profit over the past few years, supported by strategic partnerships in the logistics sector. Investors should carefully consider their risk profile and investment strategy before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Afcom Holdings IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Afcom Holdings IPO Grey Market Premium (GMP) Today
GMP
+₹80.0
GMP %
+74.07%
Est. Listing
₹188.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-02-29
| 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 |
Key Ratios
EPS
₹7.54
NAV
₹55.98
ROE
26.53%
ROCE
28.30%
RoNW
22.90%
P/B Value
1.93
P/E Ratio
14.33
Market Cap
₹268.46 Cr
PAT Margin
17.28%
Debt/Equity
0.15
Promoters
Deepak Parasuraman, Kannan Ramakrishnan, Jaganmohan Mathena and Manjula Annamalai
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹48.67 Cr in the period ending 31 Mar 2022, increasing to ₹84.90 Cr by 31 Mar 2023, and further rising to ₹134.16 Cr by 29 Feb 2024. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹-4.20 Cr in the period ending 31 Mar 2021, improving to ₹5.15 Cr by 31 Mar 2022. It further increased to ₹13.59 Cr by 31 Mar 2023, and reached ₹23.10 Cr by 29 Feb 2024. This indicates a positive growth trajectory in profitability.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand for the shares before they are officially listed on the stock exchange. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO. Additionally, those not willing to tolerate potential fluctuations in stock price should carefully consider their investment options.
IPO Timeline, Explained
The IPO opens for subscription on 2 August 2024 and closes on 6 August 2024. Allotment of shares will be finalized by 7 August 2024, and the shares will be listed on the stock exchange on 9 August 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make on the first day of trading after an IPO. However, these gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance post-listing. Investors should be cautious, as there is no guarantee of immediate profits.
This evaluation is generated from Afcom Holdings's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Afcom Holdings IPO GMP today?
Afcom Holdings IPO GMP today is +₹80.0 (74.07%), indicating an estimated listing price of ₹188. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Afcom Holdings IPO?
The price band of Afcom Holdings IPO is ₹102.0–₹108.0 per share.
When does Afcom Holdings IPO open and close?
Afcom Holdings IPO opens on 02 August 2024 and closes on 06 August 2024.
When does Afcom Holdings IPO list on the stock exchange?
Afcom Holdings IPO listed on 09 August 2024 at ₹188.0.
What is the lot size for Afcom Holdings IPO?
The lot size for Afcom Holdings IPO is 1200 shares, requiring a minimum investment of ₹129,600.
What is the lot size for this IPO?
The lot size for Afcom Holdings' IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹129,600.
What is the price band for the IPO?
The price band for Afcom Holdings' IPO is ₹102.0 to ₹108.0.
When is the listing date for the shares?
The shares are expected to be listed on 9 August 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected demand for the shares before they are listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Aug 2024
Close
06 Aug 2024
Allotment
07 Aug 2024
Listing
09 Aug 2024
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