Afcom Holdings Ltd IPO : Review, Valuation, Key Dates & Latest GMP

Finowingshaniya02 Aug, 2024Finance

Afcom Holdings Limited, founded in February 2013, specializes in cargo transportation from airport to airport. The company operates as General Sales and Service Agents (GSSAs) in countries including China, Taiwan, South Korea, Japan, Hong Kong, Singapore, and Thailand. The Indian logistics sector, one of the largest globally, is projected to grow to US$365 billion by Fiscal 2026. With a focus on Singapore, Afcom Holdings offers cargo flights to ASEAN nations and has partnered with Taylor Logistics Private Limited in India, part of the TTK Group. As of February 29, 2024, the company employs 47 people. Afcom Holdings Limited IPO Overview The Rs.73.83 crore IPO of Afcom Holdings includes a fully fresh issue of 68.36 lac shares, allocated as follows: 35% to retail investors, 50% to institutional investors, and 15% to non-institutional investors. The IPO is open from August 2 to August 6, 2024, with an expected listing on August 9, 2024, on BSE and SME. The share price ranges between Rs.