Affle India IPO
Affle India Limited (AFFLE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 08 August 2019.
Listed 8 Aug
Subscribed 86.5x
Listing gain +24.3%
Issue details
Price band
₹740–745
Issue price
₹745
Lot size
20 shares
Min. retail bid
₹14,900
Max. retail bid
13 lots (₹1,93,700)
Issue size
₹457 Cr
Face value
₹10
Bidding
29 Jul – 31 Jul 2019
Listing
08 Aug 2019
Retail quota
10% (75% QIB issue)
Registrar
Karvy Fintech Private Limited
Listing day
Listed at
₹926
+24.3% vs issue price ₹745
Day's high
₹959
+28.7% · low ₹750 (+0.7%)
Day's close
₹874
+17.3% · traded ₹741 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 18,35,713 | 10,15,25,100 | 55.3x | |
| NII (HNI) total | 9,25,385 | 18,38,68,980 | 199x | |
| Retail | 6,16,923 | 67,63,380 | 11.0x | |
| Total | 33,78,021 | 29,21,57,460 | 86.5x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Affle India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Thyrocare TechnologiesApr 2016 | 73.2x | 225x | 8.73x | 73.5x | ₹479 Cr | +49.1% | +49.1% |
| RITESJun 2018 | 71.7x | 195x | 15.7x | 67.2x | ₹799 Cr | +2.7% | +21.4% |
| S Chand and CompanyApr 2017 | 44.3x | 205x | 6.07x | 59.5x | ₹737 Cr | +4.5% | +4.5% |
| TeamLease ServicesFeb 2016 | 27.0x | 185x | 10.6x | 66.0x | ₹450 Cr | +1.2% | +21.4% |
| BSEJan 2017 | 48.6x | 159x | 6.48x | 51.2x | ₹1,243 Cr | +34.6% | +48.9% |
| RBL BankAug 2016 | 85.1x | 198x | 5.70x | 69.6x | ₹1,219 Cr | +21.9% | +35.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
Offer documents (NSE)
Frequently asked
What is the Affle India IPO price band and lot size? ₹740–745 per share, with a lot of 20 shares, so the smallest retail bid is ₹14,900.
How many times has it been subscribed? 86.5x overall: QIB 55.3x, NII 199x, retail 11.0x.
How did it list? It opened at ₹926, +24.3% against the issue price of ₹745, and closed its first day +17.3%.
Other IPOs of 2019
Prince Pipes and FittingsUjjivan Small Finance BankCSB BankVishwaraj Sugar IndustriesIndian Railway Catering and Tourism CorporationSterling & Wilson SolarIndiaMART InterMESHNeogen Chemicals
All 2019 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
