Afcom Holdings Limited IPO
Afcom Holdings Limited IPO
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The Initial Public Offering of Afcom Holdings Limited's culminated in its successful listing on 09-08-2024 at the BSE trading platform. The company secured 68,36,400 Shares through this capital market exercise, with 68,36,400 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹102 to ₹108, with minimum investment requirements of 1200 shares. The subscription period from 02-08-2024 to 06-08-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 07-08-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Afcom Holdings IPO About Company
Afcom Holdings Limited, founded in February 2013, specializes in airport-to-airport cargo transportation and has established General Sales and Service Agents (GSSAs) across India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. The company focuses on cargo flights to ASEAN countries, particularly Singapore, Indonesia, and Brunei. Afcom collaborates with Air Logistics Group for far-eastern operations and Taylor Logistics Private Limited in India. As of February 2024, the company employs 47 people, including 21 crew members, ensuring smooth cargo operations across its key markets.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Afcom Holdings IPO Strength Factors
- Skilled & Experienced Team: Afcom Holdings has a highly trained crew, including 10 captains, 6 first officers, 3 transition captains, and 2 trainee first officers, ensuring smooth and safe cargo operations.
- Strong Industry Partnerships: Collaborations with top logistics companies like Air Logistics Group and Taylor Logistics strengthen Afcom’s market presence and operational reach.
- Commitment to Safety & Quality: Advanced inspection systems ensure all cargo meets strict regulatory standards, delivering reliable and secure services.
Afcom Holdings IPO Risk Factors
- Legal Concerns: A key promoter, P Karthik Iyer Parasuraman, is involved in legal proceedings, which could affect the company’s reputation and operations.
- Customer Concentration Risk: Afcom depends on its top five customers for most of its revenue, so losing any of them could impact profitability.
- Timely Deliveries Matter: Any delays in cargo shipments could lead to customer dissatisfaction and potential business losses.
Afcom Holdings IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Afcom Holdings IPO Promoter(s)
- Capt. Deepak Parasuraman
- Mr. Kannan Ramakrishnan
- Wg. Cdr. Jaganmohan Mathena (Retd)
- Mrs. Manjula Annamalai
Afcom Holdings IPO FAQs
Afcom Holdings Limited IPO subscribed 303.11 times. The public issue subscribed 202.83 times in the retail category,186.23times in QIB, and -- times in the HNI (10+) category byNovember 21, 2025 8:17:14 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Afcom Holdings IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Afcom Holdings IPO FAQs
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