AFCOM Holdings Limited

A Resounding Success with a 90% Gain on Listing Day BSE SME

Afcom Holdings Limited, a company renowned for its expertise in the cargo and logistics sector, made a striking debut on the BSE SME today, August 9, 2024. The company, which recently concluded its IPO, saw an overwhelming response from investors, resulting in a stellar listing performance that exceeded expectations.

Incorporated in 2013, has steadily built its reputation in the logistics and cargo sector. The company operates across various countries in the ASEAN region and has secured strategic partnerships with leading global players, which positions it well for future growth. The successful listing today not only reflects the company’s robust fundamentals but also the confidence that investors have in its business model.

Its IPO with a price band set between ₹102 to ₹108 per share. The issue was entirely a fresh issue of 68.36 lakh shares, aggregating to ₹73.83 crores. The IPO received tremendous interest from all categories of investors, leading to its successful subscription and eventual listing on the BSE SME platform.

Listing Day Performance:

On the day of listing, Afcom Holdings Limited's stock opened at ₹205.20 per share, significantly higher than its issue price of ₹108 per share, marking a whopping 90% gain. This strong performance underscores the market's confidence in the company's growth prospects and operational strength.

Listing Price: ₹205.20 per share

- IPO Price: ₹108 per share

- Profit Per Lot for Retail Investors: ₹1,16,640

Financials

Afcom Holdings has shown significant growth in its financials, with operating revenue increasing from ₹1,388.72 lakhs in FY21 to ₹13,369.97 lakhs in Feb 24. The company has also reported a profit after tax (PAT) of ₹2,310.37 lakhs in Feb 24.

Conclusion

The Afcom Holdings IPO presents a promising opportunity for investors to participate in the growth journey of a company that is well-positioned to capitalize on the increasing demand for air cargo services. With its strong network, experienced management team, and growing financials, Afcom Holdings is an attractive investment option. However, as with any investment, it's essential to consult the Red Herring Prospectus and other reliable sources for more detailed information. Mbctradingplatform

Team MBC
A Professional Stock market analyst & trainer in Rajamahendravaram, Andhra Pradesh.

AFCOM Holdings Limited

A Resounding Success with a 90% Gain on Listing Day BSE SME

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