Affle (India) IPO subscribed 28% on day 1

The issue opened for subscription on Monday i.e., July 29, 2019, and closes on July 31, 2019.

Jul 30, 2019 04:07 IST India Infoline News Service

Affle (India) IPO has received bids for 9.42 lakh shares on the first day as against 33.78 lakh shares on offer, as per the NSE data. The issue was subscribed 0.28 times.

The issue opened for subscription on Monday i.e., July 29, 2019, and closes on July 31, 2019.

The price band for the issue has been fixed at Rs740 to Rs745 per share.

The company has allotted 27,72,483 equity shares at Rs745 per share (including a share premium of Rs735 per share) aggregating to Rs206.55cr (approximately) to 15 Anchor Investors.

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.

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