Affle India's Rs 459 crore IPO to open July 29

Mumbai: Mobile marketing company Affle’s (India) initial public offer (IPO), which looks to raise up to Rs 459 crore, will open for subscription on July 29.

The IPO comprises of a fresh issue of up to Rs 90 crore and an OFS of up to Rs 369 crore.

The price band for the offer is fixed in the range of Rs 740-745 per share.

Up to 15 per cent of the offer will be available for non-institutional bidders, and up to 10 per cent of the offer will be available for retail investors.

Global IT giant Microsoft holds a minority stake in the company.

ICICI Securities and Nomura are the book running lead managers to the issue.


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