Affle (India) IPO opens today: Five things to know before you invest

Key shareholders in Affle (India) include Microsoft Global Finance, a subsidiary of Microsoft Corp, which owns 6.23 per cent stake

Illustration: Binay Sinha

The initial public offer of Affle (India), the Indian unit of global technology company Affle, opens today. The IPO will be the first offer under the new Unified Payment Interface (UPI) mechanism, which was made mandatory for retail investor category with effect from July 1, 2019. On Friday, Affle (India) raised about Rs 206.55 crore from 15 anchor investors by allotting 2772,483 equity shares at a price of Rs 745. Among the 15 anchor investors, Abeerden Asian Smaller Companies Investment and Franklin Templeton Investment Funds has subscribed over 3.05 lakh shares ...