Afcom Holdings IPO allotment likely to be finalised today: Here’s how to check status on BSE, Link Intime India

Afcom Holdings IPO allotment status is expected to be finalised on Wednesday, August 7. The BSE SME issue closed with a strong subscription on August 6.

Afcom Holdings IPO received bids for more than 139 crore shares against 49.4 lakh shares on offer and was booked 281.39 times across all investor categories.

The retail category was booked 202.83 times and the Non-Institutional Investors (NIIs) portion was booked 512 times. Qualified Institutional Buyers (QIBs) subscribed the issue 186.23 times.

The public issue subscription window was open from Friday, August 2, to Tuesday, August 6.

After the company finalises the share allocation to successful bidders, refunds will be initiated for the rest of the applicants on August 8. The company will transfer the shares into the accounts of the allottees on the same day. Afcom Holdings IPO listing date has been tentatively fixed as August 9.

Ahead of the listing investors can check Afcom Holdings IPO share allotment status on the BSE website and the registrar Link Intime India Pvt Ltd’s portal.

Steps to check Afcom Holdings IPO share allotment status on BSE

• Go to the BSE website (https://www.bseindia.com)
• Select ‘Investor Relations’ and go to public issues
• Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx)
• Select Afcom Holdings from the list
• Enter PAN details or application number
• Click on the ‘Submit’ button

Here’s how to check Afcom Holdings IPO share allotment on registrar website

• Go to Link Intime India Pvt ltd website (https://www.linkintime.co.in/)
• Select Investor Services and choose Public Issues
• Select Afcom Holdings Ltd
• Type in your application No, PAN, DP/Client ID or Account No/ IFSC
• Submit to check the allotment status

Afcom Holdings IPO offer size, price band and other details

Afcom Holdings IPO was valued at ₹73.83 crore and comprises an entirely fresh issue of 68.36 lakh shares.

Afcom Holdings IPO price band was set at ₹102 to ₹108 per share. The minimum lot size for retail investors was 1,200 shares, which aggregates to an investment of ₹1,29,600.

Afcom Holdings IPO objective

Afcom Holdings plans to use the money raised via the public issue to finance the purchase of two new aircraft on a lease basis. The proceeds will also be used to prepay or repay the company’s borrowings. Additionally, the money will be used to fund the company's working capital requirements and for general corporate purposes.

About Afcom Holdings

Afcom Holdings is a cargo transportation company. The company transports cargo on an airport-to-airport basis. The company operates cargo flights to the ASEAN (Association of Southeast Asian Nations) to countries such as Singapore, Indonesia, and Brunei, with a focus on Singapore.