Afcom Holdings Limited Raises ₹199.85 Crore via Qualified Institutions Placement (QIP)
Afcom Holdings Limited, an air cargo and logistics enterprise, has successfully concluded its Qualified Institutions Placement (QIP), raising an aggregate amount of ₹ 199.85 crore. The capital infusion, which occurred on May 5, 2026, is earmarked to support the Company's fleet expansion through aircraft leasing.The QIP saw strong participation from a diverse group of institutional investors, reflecting sustained confidence in Afcom Holdings Limited’s future growth strategy and operational outlook.
Key Transaction Details
During the placement, the Company allotted 26,30,520 equity shares, each having a face value of ₹10. These shares were issued to Qualified Institutional Buyers (QIBs) at an issue price of ₹759.72 per equity share.This transaction price represented a 4.99% discount compared to the floor price of ₹799.62 per equity share, resulting in total proceeds of ₹199.85 crore. The QIP window was open from May 4, 2026, and closed on May 5, 2026.
GYR Capital Advisors Private Limited acted as the sole Book Running Lead Manager for the placement.
Investor Participation
The issue attracted participation from several marquee investors, including Abakkus Emerging Opportunities Fund-1, Bandhan Small Cap Fund, Bengal Finance and Investment Pvt. Ltd., Chartered Finance and Leasing Limited, Mint Focused Growth Fund PCC - Cell 1, Sanshi Fund-I, Alchemy Long Term Ventures Fund (Series 2 & Series 3), Bandhan Innovation Fund, and Silver Stride India Global Fund.| Metric | Details |
|---|---|
| Date of Completion | May 5, 2026 |
| Total Funds Raised | ₹199.85 crore |
| Shares Allotted | 26,30,520 equity shares |
| Issue Price | ₹759.72 per share |
| Floor Price | ₹799.62 per share |
| Discount Offered | 4.99% |
About Afcom Holdings Limited
Afcom Holdings Limited is an air cargo and logistics company promoted by Capt. Deepak Parasuraman and is listed on the SME platform of BSE Limited.The Company focuses on delivering reliable and efficient freight solutions, thereby facilitating cross-border trade and strengthening supply chain connectivity. Afcom operates dedicated cargo flights that serve key ASEAN markets and select international destinations, including Thailand, Vietnam, Myanmar, Sri Lanka, the United Arab Emirates, and the Maldives.
Stock Price Movement
As of 10:29, Afcom Holdings Ltd shares are shedding nearly 3%, dipping to ₹948.00. The stock has traded today within a considerable range, testing lows of ₹932.05 and peaking at ₹1014.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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