Affle India IPO Opens On July 29, Price Band Set At Rs 740-745 Per Share
The Rs 459 crore initial public offering of Affle India will open on July 29, with shares being offered in a price band of Rs 740-745 apiece on the bourses.
The Affle India IPO comprises a fresh issue aggregating up to Rs 90 crore and an offer for sale of up to 49.53 lakh shares by Affle Holdings, according to a company statement. The issue will close on July 31, 2019, it added.
ICICI Securities, Nomura Financial Advisory and Securities (India) are the book-running lead managers to the Affle India IPO.
The equity shares of the company are proposed to be listed on the National Stock Exchange of India and BSE Ltd.
As on May 31, 2019, the company had 236 full-time employees across offices located in Gurugram, Mumbai, Bengaluru, Singapore, Jakarta (Indonesia) and Dubai, according to the company's draft red herring prospectus submitted with the Securities and Exchange Board of India.