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Affle (India) IPO: Should you subscribe?

July 29, 2019 / 06:12 PM IST
Affle (India) IPO: Should you subscribe?

The other IPO which also received huge responses were Happiest Minds Technologies and Chemcon Speciality Chemicals, which was subscribed 150.98 times and 149.3 times respectively. Interestingly, both these stocks have seen bumper listing gained over 100 percent. Let's see how the IPO subscription and listing happened in 2020 so far, considered only IPOs issue size over Rs 100 crore.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Affle (India), a niche tech platform, is eyeing the primary markets with an initial public offer (IPO). A differentiated business, healthy financials and strong revenue visibility make this company investment-worthy. (image) About Affle (India) Affle is a data analytics, market research and digital marketing platform. It undertakes advertising and promotional initiatives on cellphones on behalf of its clients (which could be business-to-consumer enterprises or advertising agencies hired by them). (image) On the Consumer Platform, revenue accrues to Affle on a CPCU (cost per converted...

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