Affle (India) IPO opens on July 29; Price Band at Rs740-Rs745/ equity share

The equity shares of the company are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.

Jul 24, 2019 10:07 IST India Infoline News Service

Initial Public Offer, IPO
Affle (India) IPO to open on July 29,2019, with the price band for the offer is fixed in the range of Rs740-745 per share.

ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (“BRLMs”) to the Offer. 

The equity shares of the company are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (“SCRR”) read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the “SEBI ICDR Regulations”). This Offer is being made through the Book Building Process in accordance with Regulation 26(2) of the SEBI ICDR Regulations, wherein at least 75% of the Offer shall be allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”). Our Company and the Promoter Selling Shareholder, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price.

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