Affle India is going to launch an initial public offer (IPO) worth INR 459 Crore. The mobile marketing company will open on July 29 for bidding with a price band of INR 740-745 per equity share.

This initial offer comprises an offer for sale of up to 49,53,020 equity shares by Affile Holding and also a fresh issue aggregating around INR 90 crore, according to the statement given by the company.

The issue will open for bidding on 29 July and close on July 31, 2019, company further added.

The shares of the company will be listed on NSE and BSE. The book-running lead managers are ICICI Securities and Nomura Financial Advisory & Securities (India).

Currently, a company has around 235 full-time employees across branches located in Mumbai, Gurugram, Singapore, Bengaluru, Dubai (UAE) and Jakarta (Indonesia).

Stay tuned to our news updates to get further information about this IPO.