The list of shareholders who has been allotted more than 5% of the issue has been updated in this outcome of the Board meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Afcom Holdings Ltd completed a Qualified Institutions Placement (QIP), allotting 26,30,520 equity shares at Rs. 759.72 per share (face value Rs. 10), raising Rs. 199.84 Crores. The issue price was set at a discount to the floor price of Rs. 799.62 — approximately 5% below the minimum price allowed. The QIP opened on May 4, 2026 and closed on May 5, 2026. Nine allottees received more than 5% of the issue, with Abakkus Emerging Opportunities Fund-1 being the largest at 21.52%, followed by Bandhan Small Cap Fund at 18.43%, and Bengal Finance and Investment at 13.76%. Several Alternate Investment Funds (AIFs) and body corporates featured prominently among major allottees.
The discount pricing (below SEBI floor price) may signal urgency in capital raise or weak demand, potentially unsettling existing shareholders. Heavy allocation to AIFs and a small cap-focused mutual fund (Bandhan) indicates institutional interest but with concentration risk.