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Affle India IPO oversubscribed a whopping 86.49 times

Aug 01, 2019 13:55 IST

The Affle India IPO seemed to be a huge hit amongst investors as it was subscribed 86.49 times on the final day of bidding. The mobile marketing company is looking to raise Rs 90 crore and the price range for the offer has been fixed at between 740-745 per share. The category reserved for qualified institutional buyers or QIBs was subscribed 55.31 times, non institutional investors was at 198.69 times and retail was oversubscribed 10.94 times

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