IPO

Affle (India) Limited IPO

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Listed On: Aug 8, 2019 at ₹ 926

₹ 14900 /20 Shares

29 Jul, 2019

Open Date

31 Jul, 2019

Close Date

06 Aug, 2019

Allotment Date

08 Aug, 2019

Listing Date
IPO Issue Details
  • Issue Price Rs 740 - Rs 745 per Equity Share
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Total 61,61,073 (Approx.) Equity Shares of Rs 10 at price of Rs 740 - Rs 745 with aggregating up to Rs 459 Cr# Fresh Issue of 12,08,053 (Approx.) Equity Shares of Rs 10 at price of Rs 740 - Rs 745 aggregating up to Rs 90 Cr# Offer for Sale of 49,53,020 Equity Shares of Rs 10 at price of Rs 740 - Rs 745 aggregating up to Rs 369.00 Cr
  • Listing at NSE, BSE ( B - Group )
  • List Price 926
  • Listing Date 2019-08-08
  • Lead Manager ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited
  • Registrar Karvy Fintech Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹740 - 745 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Jul 29, 2019 and ends on Jul 31, 2019. The allotment for IPO will be finalized on Aug 6, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 8, 2019. The company shall list its equity shares on the NSE, BSE ( B - Group ). Karvy Fintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited.


The IPO sets its price band at 740 - 745 for each share. A single application for Affle (India) Limited IPO must contain at least 20 shares.

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IPO Subscription Analysis And Details
Retail
67.00x
QIB
10.00x
NII
18.00x
Total
29.00x
As on QIB NII Retail Total
Shares Offered / Reserved 18,35,713 9,25,385 6,16,923 33,78,021
Day 1 29-07-19
4,87,520 0.27 x 43,280 0.05 4,11,460 0.67 x 9,42,260 0.27 x
Day 2 30-07-19
6,77,520 0.37 x 88,760 0.10 19,76,760 3.20 x 27,43,040 0.81 x
Day 3 31-07-19
10,15,25,100 55.30 x 18,38,68,980 198.70 67,57,300 10.96 x 29,21,51,380 86.48 x
Valuations
Earnings Per Share (EPS) Rs 23.13
P/E Ratio 24.73
RoNW 11.08%
Net Asset Value (NAV) - As on 31.12.17 Rs 263.96
IPO - Issue Objectives
1

Offer for Sale(a) To carry out the disinvestment of Equity Shares by the Selling Shareholder in the company. (b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

2

Fresh Issue(a) Funding the working capital requirements of our Company.(b) General corporate purposes.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
IndoStar Capital Finance Ltd 2.17 24.73 11.08% 719.92
L&T Finance Holdings Ltd 3.34 33.20 11.44% 314.89
Piramal Enterprises Ltd 3.01 35.90 8.41% 8737.40
Aditya Birla Capital Ltd 2.98 25.15 8.04% 5885.87
Capital First Ltd 2.72 25.12 10.37% 2800.86
Shriram Trasport Finance Co. Ltd 3.23 28.90 11.17% 10,904.47
Sundaram Finance Ltd 4.09 28.79 14.19% 5633.21
Cholamandalam Investment and Finance Company Ltd 6.28 37.77 16.63% 4696.85
Repco Home Finance Ltd 3.51 21.50 16.32% 1045.89