Afcom Holdings Shines on BSE SME Debut, Lists with a 90% PremiumAfcom Holdings Shines on BSE SME Debut, Lists with a 90% Premium

Afcom Holdings Ltd IPO had a strong debut on the BSE SME platform on August 9, with shares listed at Rs 205.20, a 90% premium over the issue price of Rs 108.

The IPO was highly oversubscribed, with overall demand reaching 303 times by bidding’s end. Retail subscriptions were 203 times, QIBs 186 times, and NIIs an impressive 698 times. The IPO was available for bidding from August 2 to 6.

Afcom Holdings Limited specializes in airport-to-airport cargo transport with a focus on people-centric solutions. They address supply chain challenges through effective last-mile connectivity and prioritize customer focus, service excellence, and innovation. Their global network includes General Sales and Service Agents (GSSAs) and partnerships with Air Logistics and Taylor Logistics, enhancing supply chain efficiency and global collaboration.

Afcom Holdings Limited aims to use its funds to lease two aircraft, repay borrowings, fund working capital, and cover general corporate purposes.