Afcom Holdings Ltd - IPO

Afcom Holdings Ltd IPO Details

Initial public offer of 68,36,400 equity shares of face value of Rs. 10/- each (Equity Shares) of Afcom Holdings Limited (the Company or Afcom Holdings or AHL or Issuer) at an issue price of Rs. 108 per equity share (including a share premium of Rs. 98 per equity share) for cash, aggregating up to Rs. 73.83 crores (Public Issue) out of which 3,54,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 108 per equity share for cash, aggregating Rs. 3.82 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 Rs. 10/- each, at an issue price of Rs. 108 per equity share for cash, aggregating up to Rs. 70.01 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.

Objective of 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 requirements. General corporate purposes.

Afcom Holdings Ltd Contact Details

Afcom Holdings Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - corporate@afcomcargo.com

Website - https:, afcomcargo.com