 "IPOs")
Shares of Affle India rose 29 per cent in its market debut on Thursday. The stock hit a high of Rs 956 and a low of Rs 750 on the NSE, with shares worth over Rs 740 crore changing hands.
The stock closed at Rs 858, up 15 per cent or Rs 113 over the issue price of Rs 745 per share.
The good listing follows huge demand for the Microsoft-backed firm’s IPO, which was subscribed 87 times. The mobile marketing firm’s IPO comprised fresh equity issuance worth Rs 90 crore and offer for sale worth Rs 350
The stock closed at Rs 858, up 15 per cent or Rs 113 over the issue price of Rs 745 per share.
The good listing follows huge demand for the Microsoft-backed firm’s IPO, which was subscribed 87 times. The mobile marketing firm’s IPO comprised fresh equity issuance worth Rs 90 crore and offer for sale worth Rs 350
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