Affle India’s ?459-crore IPO to open on July 29

New Delhi: The ?459-crore initial public offer (IPO) of mobile marketing company Affle India will open for bidding on July 29 with a price band of ?740–745 per equity share.

The IPO comprises of a fresh issue aggregating up to ?90 crore and an offer for sale of up to 49,53,020 equity 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 offer.

The equity shares of the company are proposed to be listed on the National Stock Exchange of India and BSE.

As on May 31, 2019, the company had 236 full-time employees across offices located in Gurugram, Mumbai, Bengaluru, Singapore, Jakarta (Indonesia) and Dubai (UAE), as per the company’s draft red herring prospectus.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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