Affle (India) Ltd. debuts with 24.81% premium at Rs 929.90
08/08/2019 18:50
Affle (India) Ltd. makes a strong debut on the bourses with scrip got listed at Rs 929.90 on the Bombay Stock Exchange, a 24.81 per cent premium to its issue price of Rs 745.00. On the National Stock Exchange, the stock was listed at Rs 926.00.

The company, which raised 0.62 Cr from initial public offering, was subscribed 85.96 times, receiving bids for 5,296.06 lakhs shares against the total issue size of 61.61 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jul 29 to Jul 31.

Following a strong opening, the scrip touched an intraday high of Rs 958.30 and a low of Rs 751.05, before closing the session up by 17.46 per cent to its listing price at Rs 875.10 on the BSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 37,327.36, up 636.86 points, or 1.73 per cent.