Affle (India) was incorporated on August 18, 1994 as‘Tejus Securities Private Limited’. The company is a global technology business and has two business segments: consumer platform; and enterprise platform.
| Bidding Dates |
|---|
| 29 Jul 2019 - 31 Jul 2019 |
| Subscription |
|---|
| 86.48x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,900 | 1 | 13 | 20 | 6.2 M | ₹740 - ₹745 | 75.81 % | ₹4565.2 M - ₹4596.1 M | RHP DOC |
Affle IPO SUBSCRIPTION STATUS
31 Jul '19Affle IPO overall subscription rate was 86.48 times the total available shares
Affle IPO retail subscription rate was 10.94 times in the retail segment
Affle IPO non-institutional investor subscription rate was 198.69 times in the non-institutional investor category
Affle IPO Qualified Institutional Bidder subscription rate was 55.31 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
31 Jul 2019 (Day 3) | 10.94x | 198.69x | 55.31x |
29 Jul 2019 (Day 1) | 0.67x | 0.05x | 0.27x |
30 Jul 2019 (Day 2) | 3.2x | 0.1x | 0.37x |
Affle FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY19 | 488.2 | 2,494.0 | 477.9 | 326.8 |
Affle IPO SUBSCRIPTION STATUS DETAILS
Affle had 6.2 M shares on offer
Affle IPO offer price was in the range ₹740 - ₹745
Affle IPO minimum Investment was ₹14900
Affle IPO issue size was ₹ 4565.2 M - ₹ 4596.1 M
Affle had a minimum lot size of 20 Shares per application
Affle NUMBER OF SHARES ON OFFER
Affle IPO IMPORTANT DATES
| Issue Open Date | 29 Jul 2019 |
| Issue close Date | 31 Jul 2019 |
| Allotment Date | 05 Aug 2019 |
| Refund Date | 06 Aug 2019 |
| Demat Account Credit Date | 07 Aug 2019 |
| Listing Date | 08 Aug 2019 |
| Listing on Exchange(s) | NSE and BSE |
| Affle Allotment Status | Exchange |
Affle IPO subscription opened on 29 Jul 2019, and closed on 31 Jul 2019
IPO allotment for Affle was finalized on Monday, 05 Aug 2019
IPO listing for Affle was on NSE and BSE on Thursday, 08 Aug 2019
Affle IPO LISTING GAINS
| Issue Price (adjusted) | 745.0 |
| Listing Open Price | 929.9 |
| Listing Close Price | 873.6 |
| Listing Gain% | 24.8% |
| Current Gain% | 125.1% |
Affle Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Affle 3I Ltd. | 1677.3 | 4277.9 | 49.5 | 2.6 | 8.3 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| One97 Communications Ltd. | 1593.7 | 102177.4 | 157.2 | 1.4 | 11.4 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1733 | 80185 | 107.2 | 1.1 | 10.9 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Pine Labs Ltd. | 167.6 | 19336.4 | 151.9 | 0.7 | 6.8 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Amagi Media Labs Ltd. | 659.5 | 14267.6 | 4.1 | 3 | 1570.1 | 28.4 | 71.7 | 204.3 | |||||
| Fractal Analytics Ltd. | 828.3 | 14243.9 | 43.3 | 4.1 | 9.2 | 6.6 | 3362.6 | 19.4 | 292.2 | 31 | 19.1 |
Affle INFORMATION ON IPO ISSUE
About Affle
Affle (India) was incorporated on August 18, 1994 as‘Tejus Securities Private Limited’. The company is a global technology business and has two business segments: consumer platform; and enterprise platform.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Affle - PROMOTERS
| Name |
|---|
| Anuj Khanna Sohum |
| Affle Holdings |
Affle Book Running Lead Manager
ICICI Securities Limited
affle.ipo@icicisecurities.com
Nomura Financial Advisory and Securities (India) Private Limited
affleipo@nomura.com
Affle Registrar to the Offer
Karvy Fintech Private Limited
einward.ris@karvy.com
Affle Strengths
Market share
The company's consumer platform has a leading position in India; a high-growth market with substantial barriers to entry
Proven international track record
For Fiscal year 2019 on a proforma basis, the company's revenue from contracts with customers outside India was Rs 1,571.88 million, which was 58.5% of the total revenue from contracts with customers
Business model
The company has a profitable, low-cost business model built on an asset-light, automated and scalable platform
Deep consumer understanding
As at March 31, 2019, Affle's consumer platform had approximately 2.02 billion consumer profiles. For Fiscal 2019, Affle's consumer platform accumulated over 300 billion data points. This gives the company a deep data-driven understanding of consumer intent and behavior
Affle Risks
Outstanding litigations
There are outstanding litigations against the company, its corporate promoter, individual promoter and certain of the directors
Negative cash flow
The company had negative cash flow generated from investing activities for Fiscal 2019
Leased properties
The company does not own any of the properties from which it operates. If unable to renew current leases or if renewed them on terms that are detrimental to the company, it may suffer a disruption in operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 369.0 crore, of 4,953,020 shares. It also consists of a fresh issue of Rs 90.0 crore.
The promoters of the company are Anuj Khanna Sohum and Affle Holdings.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 740.0 - 745.0.
The IPO application opens on Jul 29, 2019 and closes on Jul 31, 2019.
The minimum lot size for the IPO is 20. The maximum lot size for the IPO is 260.
For all category investors, the minimum application amount for this IPO is Rs. 14,900.0, the maximum value for this IPO is Rs 193,700.0.
This IPO will be allotted on Aug 05, 2019.
The refund will be credited to your account on Aug 06, 2019.
The allotted shares will be credited to your demat on Aug 07, 2019.
Affle (India) Ltd.’s shares listed on the stock exchanges on Aug 08, 2019.