In this article, we will discuss in detail the Affle Limited IPO dates, size, allotment status, Affle Limited IPO subscription, grey market premium, and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Affle Limited IPO Highlights | |
| Open Date | Jul 29, 2019 |
| Close Date | Jul 31, 2019 |
| IPO Price Band | Rs 740 – Rs 745 |
| Face Value | Rs 10 |
| No. of Shares | 1,216,200 |
| Share Price | Rs 90.00 Crores |
| Share premium | |
| IPO Size | |
Summary – Affle Limited
Banking on the resurgence of global majors and the continuing policy stimulus-driven growth in China, India, and similar economies, the outlook for global GDP growth for 2018 is 3.7%. While the U.S. is expected to see a modest growth pick-up due to stronger business and consumer confidence, both Europe and Japan are forecast to have stronger and sustained momentum with diminished political uncertainty and growing private consumption respectively.
E-commerce comprised one-tenth of the total global retail sales at USD 2.29 trillion (Source: eMarketer 2017), with about a fifth of this contribution coming from the United States. The U.S. has over 200 million e-commerce users (comprising 74% of its Internet users) and generated about USD 460 billion in 2017. This market is expected to grow to 250 million by 2022, exceeding USD 640 billion in revenue.
India with its rapidly growing Internet user base has become an attractive destination for international ad tech vendors, including Criteo, Mobvista, and FreakOut – who have set up recently, alongside existing companies such as Affle, RevX, and InMobi, among others. However, India presents its unique set of challenges such as a disjointed demographic that is just getting habituated to digital applications (such as the use of e-commerce, digital payments, etc.).
Only 10% of Internet users are active (i.e., purchasing at least once per month) e-commerce customers. Frost & Sullivan believes that this makes it a more challenging landscape for marketing tech to be able to discern the users who have the highest propensity to transact online.
Affle IPO Review
For Fiscals 2019 and 2018 on an unconsolidated basis, its revenue from contracts with customers was Rs. 1,177.94 million and Rs. 837.56 million, respectively, an increase of 40.6%, our Total Operating Expenses were Rs. 930.43 million and Rs. 669.91 million, respectively, an increase of 38.9%, and our EBITDA was Rs. 247.51 million and Rs. 167.65 million, respectively, an increase of 47.6%.
More importantly, Its revenue growth in India, which is a low CPCU market, did not impact its EBITDA margin on an unconsolidated basis, which was 21.0% in Fiscal 2019 and 20.0% in Fiscal 2018. As of March 31, 2019, and 2018 on an unconsolidated basis, its total assets were Rs. 935.85 million and Rs. 580.31 million, respectively, an increase of 61.3%.
Affle IPO Date
The opening and closing date of Affle Limited IPO is Jul 29, 2019 – Jul 31, 2019.
Affle IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – July 29 | 0.27x | 0.05x | 0.67x | 0.28x |
| 2nd Day – July 30 | 0.37x | 0.10x | 3.20x | 0.81x |
| 3rd Day – July 31 | 55.31x | 198.69x | 10.81x | 86.46x |
| Shares Offered or Net Issue | 1,835,713 | 925,385 | 616,923 | 3,378,021 |
The shares subscribed by the public will be updated here.
Affle IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
| Basis of Allotment Finalization | 5-Aug-19 |
| Refunds Initiation | 8-Aug-19 |
| The credit of Shares to Demat Account | 7-Aug-19 |
| Share Listing Date | 8-Aug-19 |
Affle IPO Grey Market Premium
The Affle Limited IPO Grey Market Premium price is Rs 160-165, the Kostak rate is Rs 250 and the Subject to Sauda is Rs 2000.
Affle IPO Price
The face value of each share is Rs 10, but the price band of the IPO is Rs 740 – Rs 745.
Affle IPO Issue Size
Issue of Equity Shares of the face value of Rs.10/- each.
Affle – Company Overview
Banking on the resurgence of global majors and the continuing policy stimulus-driven growth in China, India, and similar economies, the outlook for global GDP growth for 2018 is 3.7%.
While the U.S. is expected to see a modest growth pick-up due to stronger business and consumer confidence, both Europe and Japan are forecast to have stronger and sustained momentum with diminished political uncertainty and growing private consumption respectively.
Digitization, improvement in the labor force, and stronger productivity can help sustain the growth momentum and provide a favorable environment for businesses to thrive. Companies, however, need to stay focused on strengthening their growth through an apt combination of technology, innovation, and skills.
Affle – Company Financials
Based on the Standalone statement:-
| Amount (in INR Millions) | |||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 580.31 | 486.89 | 539.05 |
| Total Revenue | 848.78 | 668 | 888.51 |
| Total Expense | 712.82 | 660 | 849.92 |
| Profit After Tax | 174.02 | 58.3 | 19.43 |
Affle IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited
Nomura Financial Advisory and Securities (India) Private Limited |
Affle IPO Registrar to the Offer
| Registrar to the Offer |
| Karvy Computershare Private Limited Karvy Selenium Tower B Plot 31-32, Gachibowli Financial District, Nanakramguda Hyderabad 500 032, India Tel: +91 40 6716 2222, Fax: +91 40 2343 1551 E-mail: einward.ris@karvy.com Investor Grievance E-mail: affletechnology.ipo@karvy.com Website: https://karisma.karvy.com Contact Person: Murali Krishna SEBI Registration No.: INR000000221 |
Affle IPO News
