Affle Limited IPO – Dates, Allotment, Bid Details, Subscribe, Price & Size

In this article, we will discuss in details about the Affle Limited IPO dates, size, its 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 DateJul 29, 2019
Close DateJul 31, 2019
IPO Price BandRs 740 – Rs 745
Face ValueRs 10
No. of Shares1,216,200
Share PriceRs 90.00 Crores
Share Premium
IPO Size

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Summary – Affle Limited

Affle Limited IPOBanking 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, FreakOut – who have set up recently, alongside existing companies such as Affle, RevX, InMobi, among others. However, India presents its unique set of challenges such as a disjointed demographic which 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., making a purchase 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 their EBITDA margin on an unconsolidated basis, which was 21.0% in Fiscal 2019 and 20.0% in Fiscal 2018. As at 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 the closing date of Affle Limited IPO is Jul 29, 2019 – Jul 31, 2019.


Affle IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – July 290.27x0.05x0.67x0.28x
2nd Day – July 300.37x0.10x3.20x0.81x
3rd Day – July 3155.31x198.69x10.81x86.46x
Shares Offered or Net Issue1,835,713925,385616,9233,378,021

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 Finalization5-Aug-19
Refunds Initiation8-Aug-19
Credit of Shares to Demat Account7-Aug-19
Share Listing Date8-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 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 labour force and stronger productivity can help sustain the growth momentum and provide a favourable 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

On the basis of Standalone statement:-

Amount (in INR Millions)
31-Mar-1831-Mar-1731-Mar-16
Total Assets580.31486.89539.05
Total Revenue848.78668888.51
Total Expense712.82660849.92
Profit After Tax174.0258.319.43

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


 

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