THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE. PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION. DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

	AFCOM HOLDINGS LIMITED
	CORPORATE IDENTIFICATION NUMBER: U51201TN2013PLC089652

Our Company was originally Incorporated as 'AFCOM HOLDINGS PRIVATE LIMITED' a pnvate limited company under the Companies Act. 1956 with the Registrar of Companies ("ROC "). Tamil Nadu, Chennai, pursuant to Certificate of Incorporation dated 15th February, 2013 The name of the company was changed from AFCOM HOLDINGS PRIVATE LIMITED' to 'AFCOM HOLDINGS LIMITED', consequent to conversion of our company from private limited company to public limited company, pursuant to Special Resolution passed by the shareholders of our Company in the Extra-ordinary General Meeting held on 27th March, 2023. and a fresh certificate of incorporation consequent to change of name was issued by ROC. Chennai on 11 th July, 2023. The corporate identification number of our company is U51201TN2013PLC089652. For further details please refer to the chapter titled "History and Certain Corporate Matters' beginning on Page No. 121 of this Prospectus.

PU8LIC ISSUE OF 68,36,400 EQUITY SHARES OF FACE VALUE Rs. 10 EACH ("EQUITY SHARES' ) OF AFCOM HOLDINGS LIMITED ("OUR COMPANY" OR THE "ISSUER ") FOR CASH AT A PRICE OF Rs. 108 PER EQUITY SHARE (INCLUDING A SECURITIES PREMIUM OF Rs. 98 PER EQUITY SHARE) ("ISSUE PRICE"), AGGREGATING UP TO Rs. 7383.31 LAKHS (THE "ISSUE"). 3,54,000 EQUITY SHARES AGGREGATING TO Rs.382.32 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 64.82.400 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT AN ISSUE PRICE OF Rs. 108 PER EQUITY SHARE AGGREGATING TO Rs. 7000.99 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.50% AND 26.08% RESPECTIVELY OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

• A member ot our Promoter Group, namely P Karthik Iyer Parasuraman Is involved in legal proceedings involving SEBI and /or Stock Exchange and CBI.

• Our top five customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability

• Any delay in delivering the goods could adversely affect our Business and operations

• Our individual Promoters plays key role in our functioning and we heavily rely on their knowledge and experience in operating our business and therefore. It is critical for our business that our Promoter and Executive Directors remain associated with us. Our success also depends upon the services of our key managerial personnel and our ability to attract and retain key managerial personnel and our inability to attract them may affect our operations

• Our Company has negative cash flow in the past and may continue to do in future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations

• The Merchant Banker associated with the Issue has handled 29 public issues in the past two years out of which no issues closed below the Issue Price on Listing date

• Average cost of acquisition of Equity Shares held by our Promoters Capt. Deepak Parasuraman. Mr. Kannan Ramakrishnan. Wg. Cdr. Jaganmohan Mathena (Retd) & Mrs. Manjula Annamalal Is Rs. 7.60. Rs. 98.18. Rs. 4.68. and Rs.98.18 per Equity Share and the Issue Price at the upper end of the Price Band is Rs. 108 per Equity Share.

• The Price,/ Earnings ratio based on Diluted EPS for year ended March 2023 for the company at the upper end of the Price Band is 13.60

• Weighted Average Return on Net worth for Fiscals 2023.2022 and. 2021 Is 37.91%

The Issue is being made through the Book Building Process, in terms of Rule 19<2)(b){i) ot the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBi ICDR Regulations, as amended, wherein not more than 50% of the Net Issue shall be aBocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'. the 'QIB Portion"), provided that our Company may. in consultation with the Book Running Lead Managers, may allocate up to 60% ot the QiB Porttion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ( 'Anchor Investor Portion' ) of which one-third shall be reserved for domestic Mutual Funds, subject to valid Btds bemg received from domestic Mutual Funds at or above the Anchor investor Allocation Price. In the event of under-subscnption. or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs. including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% ot the Net QIB Portion the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-institutional Bidders and not less than 35% of the Net Issue shal be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price All potential Bidders (except Anchor investors) are required to mandatory utilise the Application Supported by Blocked Amount ("ASBA') process providing details of their respective ASBA accounts and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be. to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on page 244 of Prospectus

The bidding for Anchor Investors opened and closed on August 01,2024. The Company received 06 Anchor investor Application Forms from 05 Anchor Investors (including Nil mutual funds through Nil Mutual Fund schemes) for 18,96,000 Equity Shares. The Anchor Investor Allocation price was finalized at Rs. 108/- per Equity Share. A total of 18,96.000 Equity Shares were allotted under the Anchor Investor portion aggregating to Rs 2047.64 Lakhs

The Issue (excluding Anchor Investors Portion) received 4,23,277 Applications for 1,38,62,55,600 Equity Shares (before technical rejections) resulting In 300 03 times subscription (Including reserved portion of market maker). The details of the Applications received in the Issue from various categories are as under (After technical rejections):

Detail of the Applications Received:

* This excludes 1046 applications for 20.92,000 Equity Shares from Retail Individual which were not in bid book but which were banked Final Demand

A summary of the final demand as per BSE as on the Bur issue Closing Date at different Bid prices is as under.

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange, being BSE Limited on August 7th. 2024.

1) Allotment to Retail Individual Investors (After Technical Rejections)

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 10ft/- per Equity Share, was finalized in consultation with BSE Limited. The category has been subscribed to the extent of 201.09 times. The total number of Equity Shares Allotted in this category is 22.75.200 Equity Shares to 1896 successful applicants. The details of the Basis of Allotment of the said category is as under:

2) Allotment to Non-lnstitutional Investors (After Technical Rejections)

The Basis of Allotment to the Non-lnstitutional Investors, who have Bid at cut-ott Price or at or above the Issue Price of Rs. 108/- per Equity Share, was finalized in consultation with BSE Limited. The category has been subscribed to the extent of 696.62 times. The total number of Equity Shares Allotted in this category is 9.73.200 Equity Shares to 735 successful applicants. The details of the Basis of Allotment of the said category is as under (Sample Basis):

3) Allotment to QIBs excluding Anchor Investors (After Technical Rejections)

Allotment to QIBs. who have bid at the Issue Price of Rs. 108/- per Equity Share or above, has been done on a proportionate basis in consultation with BSE Limited This category has been subscribed to the extent of 187.16 times of QIB portion. The total number of Equity Shares allotted in the QIB category Is 13.38.000 Equity Shares, which were allotted to 103 successful Applicants

4) Allotment to Anchor Investors (After Technical Rejections)

The Company in consultation with the BRLM has allocated 18.96,000 Equity Shares to 5 Anchor Investors at the Anchor Investor Issue Price of Rs. 108'- per Equity Shares in accordance with the SE8IIC0R Regulations. This represents 58.63% of the QIB Category.

5) Allotment to Market Maker (After Technical Rejections)

The Basis of Allotment to Market Maker who have bid at an Issue Price of Rs 108/- per Equity Share or above, was finalised in consultation with BSE The category v/as subscribed by 1.00 times i.e for 3.54.000 Equity Shares the total number of shares allotted in this category is 3.54.000 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of our Company at its meeting held on August 7th, 2024 has taken on record the basis of allotment of Equity Shares approved by the designated stock exchange, being BSE Limited and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address ol the investors as registered with the depositories Further, instructions to the SCSBs shall be dispatched/ mailed for unblocking of funds and transfer to the Public Issue Account on or before August 8th, 2024 and payment to non-Syndicate brokers shall be issued on August 8th, 2024. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on or before August 8th, 2024 for credit into the respective beneficiary accounts subiect to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from BSE Limited and the trading of the Equity Shares is expected to commence on August 9th, 2024.

Note: Ail capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 07th. 2024 filed with the Registrar of Companies, Chennai ("RoC").

INVESTORS, PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, LINK INTIME INDIA PRIVATE LIMITED at website: www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First'' Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for. Bidder DP ID, Client ID. PAN. date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

Disclaimer: AFCOM HOLDINGS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt ot requisite approvals, market conditions and other considerations, to make an Initial public offer of its Equity Shares and has filed the Prospectus with the Registrar of Companies. Chennai on 07' August. 2024 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of BSE SME at https://www.bsesme.com.PublicIssucs/SMEIPODRHP.aspx and is available on the websites of the BRLM at www.gyreaprtatadvisors.com Any potential investors should note that investment in equity shares involves a high degree ot risk and for details relating to the same, please refer to the Prospectus including the section titled "Risk Factors" beginning on page 32 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933. as amended (the -Securities Act'} or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws The Equity Shares are being offered and sold outside the United States in 'offshore transactions' in reliance on Regulation under the Secunties Act and the applicable laws of each jurisdiction where such offers and sales are made. There will be no public offering in the United States.