Recently launched in the market, Afcom Holdings has given huge returns to investors. In just 3 months, the price of shares of Afcom Holdings has jumped more than 400 percent. Shares of Afcom rose more than 3 percent to Rs 548.70 in BSE on Wednesday. The company’s shares were listed in the market on 9 August 2024. The 52-week high level of Afcom Holdings shares is Rs 590.15. At the same time, the 52-week low level of the company’s shares is Rs 205.20.
Afcom Holdings Company’s shares gave more than 400% return as compared to the issue price
The price of Afcom shares in the IPO was Rs 108. The company’s IPO opened for betting on 2 August 2024 and remained open till 6 August. The company’s shares were listed on 9 August at Rs 205.20. On the day of listing, the company’s shares closed at Rs 215.45 with a jump. Here, the company’s shares have gained a good pace. Shares of Afcom have reached Rs 548.70 on 6 November 2024. Shares of Afcom have climbed more than 400 percent against the issue price of Rs 108.
The company’s IPO was subscribed 303 times
Afcom Holdings’ IPO was subscribed a total of 303.03 times. The quota of retail investors in the company’s IPO was subscribed 202.83 times. At the same time, 697.88 bets were placed in the Non-Institutional Investors (NII) category, while the IPO got 186.23 times subscription in the Qualified Institutional Buyers category. Retail investors could bet on only 1 lot in the company’s IPO. There were 1200 shares in one lot of the IPO. Retail investors had to invest Rs 129,600 in the company’s IPO.
Work Business of Afcom Holdings Company
Afcom Holdings was started in February 2013. The company transports cargo on an airport-to-airport basis and has general sales and service agents in India, Hong Kong, Thailand, Singapore, Japan, South Korea, China, and Taiwan.