If you also bet on IPOs, then this is a great opportunity for you. One such IPO is going to open on 2nd August i.e. today, which can double your money. This IPO will close on 6th August, then retail investors will not be able to bet on it. Its shares will be allotted on 7th August. On 8th August either the money will be refunded or the shares will be credited to the demat account. On 9th August the company’s shares will be listed under this IPO.
This is Afcom Holdings Limited IPO, under which the issue is worth Rs 73.83 crore. 68.36 lakh shares will be issued through fresh issue. This is an SME IPO, which will be listed on BSE. GYR Capital Advisors Private Limited is the book running lead manager of this IPO. While Intime India Private Ltd is the registrar of this IPO.
What is the price band?
The price band of Afcom Holdings IPO is ₹102 to ₹108 per share. It has a minimum lot size of 1200 shares. Retail investors can become partners in this IPO by buying at least one lot. Retail investors will need Rs 129,600 to invest in this IPO. HNIs can buy 2 lots or 2,400 shares for Rs 259,200.
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Profit can be doubled
The price band of Afcom Holdings SME IPO is Rs 108 per share. At the same time, before the opening of this IPO, its GMP or gray market premium is seen at Rs 115 per share. This means that its shares can be listed at Rs 223. In such a situation, if the shares of this company are listed at this amount, then investors will get a profit of 106.48% on the first day itself, that is, their money will double.
What does the company do?
Incorporated in February 2013, Fcom Holdings Limited is involved in airport-to-airport based cargo transportation. The company has general sales and service agents (GSSA) in India, Hong Kong, Singapore, Thailand, Japan, South Korea, China and Taiwan. The company signed an agreement with Air Logistics Group, a part of World Freight Company, a global leader in cargo sales and service business, on 24 September 2021.
(Note- Before investing in any IPO, please consult your market expert.)
Source (PTI) (NDTV) (HINDUSTANTIMES)