Affle (India) announces launch of initial public offering
24/07/2019 11:20
Affle (India) Ltd. has announced public offering of 6161073 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 735.00 per share. The gross proceeds of the issue are expected to be Rs 45,899.99 lakhs.

The company's initial public offer (IPO) will open on 29 July 2019 and is expected to close on 31 July 2019, subject to customary closing conditions. The price band of the issue has been fixed at Rs 740.00-745.00 per share.

The IPO includes a fresh Issue of 6161073 Equity Shares of the Company at an price of Rs 745.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 20 shares with bids in multiples of 20.

Affle (India) Ltd. anticipates using the proceeds of the issue for .

Nomura Financial Advisory & Securities (I) P Ltd.,ICICI Securities Ltd as lead manager(s) & Karvy Fintech Pvt. Ltd. is the registrar, to the issue.