Affle India shares gain 15% on debut

Shares of Affle India, a mobile marketing firm, rose as much as 29 per cent during their stock market debut on Thursday. The stock hit a high of Rs 956 and a low of Rs 750 on the National Stock Exchange (NSE), with shares worth over Rs 740 crore changing hands.

The stock finally ended at Rs 858, up 15 per cent, or Rs 113, over the issue price of Rs 745 per share.

The successful listing follows huge demand for the Microsoft-backed firm’s IPO, which was subscribed 87 times.