Affle India has its presence in the new age Tech and high growth industry had a fantastic listing today at 20-25% premium. Issue price was Rs 745 and got listed at 929 and rose to 958 levels and closed at Rs 875.
Affle India is based on Gurgoan and Singapore provides B2C digital advertising services in the mobile space, undertaking customer acquisition, engagement and transactions through mobile advertising. Being a data driven company, business model is asset light and scalable. Company have a 28% EBITDA margin. It serves clients across e-commerce and traditional consumer industries. In the past 13 years of existence has accumulated 2 billion customer profiles and 300 billion data points. Company looks good in a high growth industry.
Let us track the next one Spandana Sphoorty.
Affle India is based on Gurgoan and Singapore provides B2C digital advertising services in the mobile space, undertaking customer acquisition, engagement and transactions through mobile advertising. Being a data driven company, business model is asset light and scalable. Company have a 28% EBITDA margin. It serves clients across e-commerce and traditional consumer industries. In the past 13 years of existence has accumulated 2 billion customer profiles and 300 billion data points. Company looks good in a high growth industry.
Let us track the next one Spandana Sphoorty.
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