Afcom Holdings Limited is launching an IPO with 6.836 million fresh issue shares worth ₹73.83 crore.
The IPO funds will be used for leasing aircraft, repaying debt, and working capital.
The IPO opens on 2nd August 2024 and closes on 6th August 2024.
The IPO allotment date is 7th August 2024, and the listing date is 9th August 2024.
The IPO price range is ₹102-108 per share with a lot size of 1200 shares.
Afcom Holdings Ltd has shown mixed performance in revenue growth, equity, and profitability.
The company has a decreasing Return on Net Worth (RoNW) and weak liquidity.