Afcom Holdings Limited, a listed air cargo and logistics company, has completed a qualified institutions placement, raising Rs 1,998.5 million (mn) on five May 2026. The company said the QIP closed on five May after strong participation from institutional investors and long-term funds. The proceeds will support fleet expansion through aircraft leasing and related operational requirements. The placement was conducted under the regulatory framework for listed issuers. Afcom allotted 2,630,520 equity shares of face value Rs 10 each to qualified institutional buyers at an issue price of Rs 759.72 per share. The issue price represented a discount of 4.99 per cent to the floor price of Rs 799.62 per share. The allocation generated aggregate proceeds equal to Rs 1,998.5 mn, reflecting investor confidence in the company's strategy. The offer opened on four May and closed on five May 2026. Participating investors included 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 two and series three, Bandhan Innovation Fund and Silver Stride India Global Fund. GYR Capital Advisors Private Limited acted as sole book running lead manager to the placement. The company described the investor mix as diverse with representation from both growth and long horizon funds. The transaction timetable and allotment reflected market demand for the securities. Afcom operates dedicated cargo flights serving ASEAN markets and select international destinations such as Thailand, Vietnam, Myanmar, Sri Lanka, the United Arab Emirates and the Maldives. The company focuses on reliable freight solutions that facilitate cross border trade and strengthen supply chain connectivity across these regions. Proceeds from the placement will primarily fund aircraft leasing to expand route capacity and support operational reliability. Management reaffirmed commitment to growth and service continuity.