Mobile marketing company, Affle India is coming out with an initial public offering (IPO) to raise around Rs 459 crore. The issue will open on July 29, 2019 and will close on July 31, 2019. It has fixed a price band of Rs 740-745 per share. The shares of the company are proposed to be listed on NSE and BSE.
Proceeds of the issue would be used to fund the working capital requirements of the company and for other general corporate purpose. The book running lead managers to the issue are ICICI Securities and Nomura Financial Advisory and Securities (India).
Affle is a leading global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.
Company Name | CMP |
---|---|
Quess Corp | 616.05 |
eClerx Services | 2350.00 |
Info Edge | 6400.10 |
CMS Info Systems | 434.75 |
Affle (India) | 1220.25 |
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