Afcom Holdings SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Afcom Holdings IPO. Explore Afcom Holdings IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Afcom Holdings Limited, founded in 2013 by aviation industry veteran Capt. Deepak Parasuraman, specializes in the cargo airline business. The company received its NOC from the Ministry of Civil Aviation, India, in 2017, authorizing it to operate cargo flights. Afcom Holdings operates flights primarily to ASEAN countries such as Singapore, Indonesia, and Brunei, with a strong emphasis on routes to Singapore. The company's core values are customer-first service, excellence, integrity, trust, innovation, and reliability. Afcom has appointed General Sales and Service Agents (GSSAs) in multiple countries to facilitate its operations and ensure smooth cargo handling and transportation.
Key Points:
- Operational Focus: Specializes in cargo flights to ASEAN countries, with a significant focus on Singapore.
- Business Model: Engaged in the carriage of cargo on an airport-to-airport basis, guided by principles of people-centricity, partnership growth, and operational efficiency.
- GSSA Network: Appointed GSSAs in India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan.
- Strategic Partnerships: Entered agreements with the Air Logistics group and Taylor Logistics Private Limited to enhance its GSSA network.
- Customer Base: Serves a diverse customer base, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across various verticals such as FMCG, consumer durables, electronics, lifestyle, retail, automotive, and manufacturing.
- Efficient Operations: Utilizes advanced air cargo handling equipment and a robust logistics network to ensure swift and efficient cargo transportation.
Objects of the Issue
- Funding Capital Expenditure towards taking of two new aircraft on Lease basis
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- Funding of working capital requirement
- General Corporate Purposes
- To meet out the Issue Expenses.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 02 Aug - 06 Aug 2024 |
| IPO Price Band | ₹ 102 - 108 per share |
| Fresh Issue | 68,36,400 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 73.83 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 02 Aug 2024 |
| IPO Closing Date | 06 Aug 2024 |
| Basis Of Allotment | 07 Aug 2024 |
| Refunds | 08 Aug 2024 |
| Demat Transfer | 08 Aug 2024 |
| IPO Listing Date | 09 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Feb 2024 |
|---|---|---|---|---|
| Total Income | 13.89 | 48.67 | 84.90 | 134.16 |
| Total Expenses | 19.97 | 40.29 | 66.75 | 103.04 |
| Net Profit/Loss | -4.20 | 5.15 | 13.59 | 23.10 |
| NPM (*) | -30.27 | 10.66 | 16.15 | 17.28 |
| Total Assets | 9.00 | 25.15 | 82.85 | 129.30 |
| Total Liabilities | 12.37 | 3.13 | 9.55 | 28.42 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Feb 2024 |
|---|---|---|---|---|
| EPS | -3.59 | 4.37 | 7.94 | 13.09 |
| ROE (%) | Negative | 55.82 | 28.57 | 26.53 |
| ROCE (%) | -103.67 | 59.44 | 39.94 | 34.63 |
| D/E Ratio | -4.36 | 0.00 | 0.01 | 0.15 |
| Current Ratio | 6.20 | 8.05 | 6.87 | 3.95 |
| EBITDA MARGIN (%) | -43.08 | 20.37 | 22.56 | 24.59 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 186.23 |
| Non-Institutional Investor (NII/HNI) | 697.88 |
| Retail Individual Investor (RII) | 202.83 |
| Total | 303.03 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- CAPT. DEEPAK PARASURAMAN
- MR. KANNAN RAMAKRISHNAN
- WG. CDR. JAGANMOHAN MANTHENA (Retd)
- MRS. MANJULA ANNAMALAI
Lead Managers
- GYRCAPITAL ADVISORS PRIVATE LIMITED
Company Address
Afcom Holdings Limited
2, LIC Colony Dr. Radhakrishnan Nagar, Thiruvanmiyur, Chennai, Tamil Nadu, India, 600041
Phone: +91-7305344475 / 9841019204
Email: info@afcomcargo.com
Website: https://afcomcargo.com
FAQs
- What is the issue size of the Afcom Holdings SME IPO?The Afcom Holdings SME IPO has an issue size of Approx ₹ 73.83 crore. This includes a fresh issue of 68,36,400 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Afcom Holdings IPO?The price band for the Afcom Holdings IPO is ₹ 102 - 108 per share.
- What are the bidding dates for the Afcom Holdings IPO?The Afcom Holdings IPO will open for bidding on 02 Aug 2024 and close on 06 Aug 2024.
- What is the allotment date for the Afcom Holdings IPO?The allotment date for the Afcom Holdings IPO is 07 Aug 2024.
- What is the listing date for the Afcom Holdings IPO?The listing date for the Afcom Holdings IPO is 09 Aug 2024.
- What is the Afcom Holdings IPO grey market premium?The grey market premium (GMP) for the Afcom Holdings IPO is currently at ₹80, with an expected listing gain of approximately 74.07%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.