Affle (India) IPO to open today

The company has raised ~Rs224.55cr by selling shares to institutional investors as part of its anchor book allocation which opens today.

Jul 29, 2019 03:07 IST India Infoline News Service

Initial Public Offer, IPO
Affle (India) Limited IPO to open today and it will close on July 31, 2019. The company has raised ~ Rs224.55cr by selling shares to institutional investors as part of its anchor book allocation which opens today. The price band for the offer is fixed in the range of Rs740-745 per share.

Affle (India) Limited allots 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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