Published on 8/08/2019 4:07:41 PM | Source: Dion Global Solutions Ltd

Affle India shares mark remarkable debut; jump nearly 25%

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Shares of mobile marketing company Affle India on Thursday zoomed nearly 25 per cent in its debut trade against the issue price of Rs 745. The scrip made a robust debut as it opened the day at Rs 929.90, a huge gain of 24.81 per cent from its issue price on the BSE. It later jumped 28.63 per cent to Rs 958.30. At the NSE, shares zoomed 24.29 per cent after opening at Rs 926.

The Rs 459-crore initial public offer of Affle India was a huge hit among investors as it was subscribed 86.49 times last week. Price range for the offer was fixed at Rs 740-745 per share. ICICI Securities and Nomura Financial Advisory and Securities (India) Pvt Ltd were the managers to the offer.