Chennai: Afcom Holdings Limited (“the Company”), a listed air cargo and logistics enterprise, has 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.
