Investment6 May 2026, 10:13 am
Afcom Holdings Raises ₹199.85 Cr via QIP
AI Summary
Afcom Holdings Limited, an air cargo and logistics company, successfully raised ₹199.85 crore through a Qualified Institutions Placement (QIP) on May 05, 2026. The QIP involved allotting 26,30,520 equity shares at ₹759.72 per share, a 4.99% discount to the floor price. The funds will support fleet expansion through aircraft leasing. The issue attracted strong participation from diverse institutional investors, including Abakkus Emerging Opportunities Fund-1 and Bandhan Small Cap Fund. GYR Capital Advisors Private Limited acted as the sole Book Running Lead Manager.
Key Highlights
- Afcom Holdings raised ₹199.85 crore via QIP on May 05, 2026.
- 26,30,520 equity shares were allotted at ₹759.72 per share.
- The issue price reflects a 4.99% discount to the floor price.
- Funds will be used to support fleet expansion through aircraft leasing.
- GYR Capital Advisors Private Limited was the sole Book Running Lead Manager.