
Industrial & Financial Services · NSE / BSE
Affle (India) Limited, incorporated in 2005, is a mobile marketing company that provides both consumer and enterprise platforms. Its core focus is on helping businesses reduce digital advertising fraud, respect consumer privacy, and improve their return on marketing investments by delivering targeted mobile advertisements. The company’s consumer platform is widely used by B2C advertising agencies across various industries such as telecom, fintech, e-commerce, retail, FMCG, and media. Affle leverages a combination of transactional data, user behavior, and marketing attribution signals to understand user intent. Using this data, the platform predicts user interests and continuously updates itself to enhance consumer engagement and encourage user actions. Campaigns are run using data intelligence to generate large volumes of conversions at a cost-effective rate. The company primarily earns revenue through a cost per converted user (CPCU) model, where a conversion could be a transaction or the acquisition of a new customer. It also generates revenue from advertising focused on engagement and brand awareness. Additionally, Affle offers end-to-end solutions such as mobile app development, enterprise platforms, and support for offline businesses transitioning to online commerce. Notably, Microsoft holds a 6.48% stake in Affle Holdings, the Singapore-based parent company of Affle (India).
Price Band
₹740 – ₹745
Issue Size
₹459 Cr
Lot Size
20 shares
GMP
Est. Listing
₹745
at current GMP
Subscribed
—
Open
29 Jul 2019
Close
31 Jul 2019
Allotment
6 Aug 2019
Refund
7 Aug 2019
Demat Credit
8 Aug 2019
Listing
8 Aug 2019
Designated Registrar: Kfin Technologies Limited
Allotment Date
6 Aug 2019
Basis finalization
Refunds Initiate
7 Aug 2019
Mandate release
Demat Credit
8 Aug 2019
Shares in demat
Listing Debut
8 Aug 2019
Trading begins
Affle (India) Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹459 Crores. The shares are offered at a price band of ₹740 to ₹745 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-07-31, the basis of allotment is scheduled to be finalized on 2019-08-06. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.