Affle (India) Limited board closes QIP, fixes price at Rs. 5200

The Fund Raising Committee of Affle (India) Limited at its meeting held today, i.e., May 4, 2021 has, declared closure of the issue period for the Issue today, i.e., May 4, 2021.

The committee also determined and approved the issue price of Rs. 5,200 per Equity Share, including a premium of Rs. 5,190 per Equity Share for 11,53,845 Equity Shares to be allotted to the eligible qualified institutional buyers. The price of Rs. 5,200 per Equity Share takes into account a discount of Rs. 222.94 per Equity Share (4.11% on the floor price), as permitted in terms of Regulation 176(1) of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations")

The committee approved the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue.

Shares of Affle (India) Limited. was last trading in BSE at Rs. 5470.70 as compared to the previous close of Rs. 5523. The total number of shares traded during the day was 2,365 and the deliverable quantity was 902.

The stock hit an intraday high of Rs. 5643 and intraday low of Rs. 5440.

Source : Equity Bulls

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