Afcom Holdings Limited Successfully raised Rs. 199.85 Crore via QIP

Afcom Holdings Limited ("the Company"), a listed air cargo and logistics enterprise, has successfully completed its Qualified Institutions Placement ("QIP"), raising an aggregate amount of ₹199.85 crore on May 05, 2026. The issue witnessed strong participation from a diverse set of institutional investors, including reputed long-term funds, reflecting sustained confidence in the Company's growth strategy and future outlook.

Key Transaction Highlights:

- The Company allotted 26,30,520 equity shares of face value ₹10 each to Qualified Institutional Buyers ("QIBs") at an issue price of ₹759.72 per equity share.

- The issue price reflects a discount of 4.99% to the floor price of ₹799.62 per equity share, aggregating to total proceeds of ₹199.85 crore.

- The QIP opened on May 04, 2026, and closed on May 05, 2026, witnessing strong participation from a diverse set of institutional investors. The issue attracted 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.

Book Running Lead Manager: GYR Capital Advisors Private Limited acted as the sole Book Runing Lead Manager to the QIP.

Shares of Afcom Holdings Limited was last trading in BSE at Rs. 980.00 as compared to the previous close of Rs. 976.95. The total number of shares traded during the day was 355560 in over 1411 trades.

The stock hit an intraday high of Rs. 1014.70 and intraday low of 932.05. The net turnover during the day was Rs. 342671796.00.

Source : Equity Bulls

Keywords

AfcomHoldings LogisticsSolutionProvider INE0OXY01013 FundRaising QIP