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Last Updated : Jul 27, 2019 08:45 PM IST | Source: PTI

Affle India raises Rs 206 cr from anchor investors

On July 24, Affle India Ltd said it will launch its 459-crore initial public offering from July 29 and has fixed a price band of Rs 740-745 per share. The issue will close on July 31, 2019, according to a company statement.

 
 
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Mobile marketing firm Affle India on July 26 said it has raised about Rs 206.55 crore from 15 anchor investors by allotting 27,72,483 equity shares at a price of Rs 745, the upper band of its initial issue that opens on July 29.

On July 24, Affle India Ltd said it will launch its 459-crore initial public offering from July 29 and has fixed a price band of Rs 740-745 per share. The issue will close on July 31, 2019, according to a company statement.

Among the 15 anchor investors, Abeerden Asian Smaller Companies Investment and Franklin Templeton Investment Funds has subscribed over 3.05 lakh shares each.

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Other anchor investors include Goldman Sachs India, Malabar India Fund, among others.

The IPO comprises of a fresh issue aggregating up to Rs 90 crore and an offer for sale of up to 49,53,020 equity shares by Affle Holdings, according to a statement.

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.

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First Published on Jul 26, 2019 10:15 pm
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