Affle India makes strong debut, lists at 25% premium over issue price

The mobile marketing firm's Rs 459 -crore initial public offer (IPO) received a huge response from investors as the issue was overall subscribed 86 times

Shares of Affle India made a strong debut on the bourses and were listed at Rs 930 on the BSE, a premium of 25 per cent against the issue price of Rs 745. On the National Stock Exchange (NSE), the stock opened at Rs 926, a 24 per cent increase against the issue price.
 

Post its listing, the stock climbed up to Rs 955 on the BSE.  At 10:01 am, the stock was trading at Rs 952, 28 per cent above its issue price. A combined 1.9 million shares have changed hands on the counter on the BSE and NSE.