Stock Name : Affle (India) Ltd/Tips Open Buy : 2,735.85 Posted Date : Oct 13, 2020
Stopless/Horizon : 2599.1 Target : 3146.23 Results Achieved (Yes/No) :

Overview: Affle (India) Limited was incorporated in 1994, It is a Mid Cap company with a market capital of Rs 7066.45 Croreoperating in Services sector.The company’s corporate office is in Gurgaon.

About the company: Affle (India) Limited was initially incorporated as a private limited company named Tejus Securities Private Limited in 1994. In 2006, Mr. Anuj Khanna Sohumacquired the entire equity share capital of Tejus Securities Private Limited. Subsequently, the name of the company was changed to Affle (India) Private Limited’ on September 29, 2006.

In 2018, the company was converted to a public limited company and the name of the company was changed as Affle (India) Limited.Affle India successfully completed its IPO on 8th August 2019 and now trades on the stock exchanges.

Affle India is a global technology company with proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.

Affle has two business segments, Consumer Platform and Enterprise Platform.

The Consumer Platform provides (a) new consumer conversions through relevant mobile advertising, (b) Retargeting existing consumers to complete transactions for e-commerce companies& (c) An online to offline platform that converts online consumer engagement into in-store walk-ins.

As of March 31, 2019, Affle’sConsumer Platform had approximately 571 million consumer profilesin India.

The Enterprise Platform primarily provides end-to-end solutions for enterprises to enhance their engagement with mobile users.

Management: Affle Holdings is the Singapore based promoter for Affle India and its investors include Microsoft, D2C (an NTT DoCoMo subsidiary), Itochu, Bennett Coleman & Company (BCCL) amongst others.Mr. Anuj Khanna Sohum is the Chairman, CEO & MD of Affle (India) Limited.

Shareholding Pattern (As on June 2020):
• Foreign Promoters: 68.38
• Foreign Institutions: 7.59
• NBFC and Mutual Funds : 8.98
• Others: 7.87
• General Public: 5.21
• Financial Institutions: 1.97

Sales Report: For the quarter ended on 30th June 2020, Affle (India) Limited posted a consolidated sale of Rs 89.77 Crore, which is up by 12.18 % from last quarter sales of Rs 80.02 Crore and up by 20.38 % from previous year’s same quarter sales of Rs 74.58 Crore.

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