Looking at its high growth market with substantial

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canada goose clearance It has a globally well diversified clientele base in which nearly 70 percent of the revenue comes from global and the rest from domestic markets,” Mehta Equities said.The brokerage further said on valuation parse at higher price band of Rs 745 per share Affle commands Rs 1,899 crore market cap with P/E of 37x on its FY19 earnings and higher ROCE due to high growth business model which proposes a long term investment opportunity.Looking at its high growth market with substantial barriers to entry, low cost business model built on an asset light, automated and scalable business platform we are optimistic and investors may consider applying in the IPO for both listing as well as long term investment, the brokerage advised.Affle India is a decade old global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising. This platform aims to enhance returns on marketing spend through delivering contextual mobile ads and reducing digital ad fraud, while proactively addressing consumer privacy expectations. This platform is used by (B2C) companies across industries, including e commerce, fin tech, telecom, media, retail and FMCG companies, both directly and indirectly through their advertising agencies.Microsoft has a 6.48 percent stake in the Singapore based Affle Holdings. canada goose clearance

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