IPO IPO-Synopsis
Afcom Holdings Ltd

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Registered Office: No 2 LIC Colony Radhakrishnan-,Nagar Thiruvanmiyur , Chennai - 600041 , Tamil Nadu , India.
Phone : +91-98410 19204   Fax:
Email :  corporate@afcomcargo.com  
Website :  https://afcomcargo.com/
Initial public offer of 68,36,400 equity shares of face value of Rs10/- each ("Equity Shares") of Afcom Holdings Limited (the "Company" or "Afcom Holdings" or "AHL" or "Issuer") at an issue price of Rs108 per equity share (including a share premium of Rs98 per equity share) for cash, aggregating up to Rs73.83 crores ("Public Issue") out of which 3,54,000 equity shares of face value of Rs10/- each, at an issue price of Rs108 per equity share for cash, aggregating Rs3.82 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 64,82,400 equity shares of face value of Rs10/- each, at an issue price of Rs108 per equity share for cash, aggregating up to Rs70.01 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.50 % and 26.08 % respectively of the post-issue paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
02-Aug-24 06-Aug-24 Rs108.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  Rs Cr Lead Managers to the Issue
Project Cost 70.33
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 73.83  
Post Issue Equity Share Capital 24.85  
Issue Price Rs108.00  
Projects
Funding capital expenditure towards taking of two new aircraft on lease basisFunding of working capital requirements
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the companyGeneral corporate purposes
Promoted By
Deepak Parasuraman
Kannan Ramakrishnan
W.G.CRD Jaganmohan Manthena
Listing At
BSE - SME 
Registrar to the Issue
MUFG Intime India Pvt Ltd