Logo


Infibeam to hit markets on March 21; to mop up Rs 450 cr via IPO

Infibeam to hit markets on March 21; to mop up Rs 450 cr via IPO

Online shopping portal Infibeam Incorporation will hit the capital markets on March 21 to mop-up Rs 450 crore through an initial share plan, becoming the first e-commerce firm to tap the IPO (initial public offering) route. The company has fixed the price band at Rs 360-432 per equity share for the IPO. The IPO will conclude on March 23, according to the the latest update available with the Securities and Exchange Board of India (Sebi). As per Draft Red Herring Prospectus, Gujarat-based Infibeam plans to come out with public issue of equity shares worth up to Rs 450 crore. Infibeam ...