Board Meeting5 May 2026, 07:11 pm
Afcom Holdings Closes Issue at ₹759.72/Share
AI Summary
Afcom Holdings Ltd's board approved the closure of its issue period on May 05, 2026, following the receipt of applications for 26,30,520 equity shares from Qualified Institutional Buyers (QIBs). The board determined and approved the allocation of these shares to eligible QIBs at an issue price of ₹759.72 per share, including a premium of ₹749.72 per share. This price represents a 4.99% discount to the floor price of ₹799.62 per share. The board also approved the Placement Document and finalized the allocation confirmation note to be sent to the QIBs.
Key Highlights
- Afcom Holdings closed its issue period on May 05, 2026.
- 26,30,520 equity shares allocated to Qualified Institutional Buyers.
- Issue price set at ₹759.72 per share, a 4.99% discount to floor price.
- Placement Document approved by the board.
- Allocation confirmation note finalized for eligible QIBs.
Price Impact
More from AFCOM