Infibeam Corporation's Rs 450-crore initial public offering (IPO) has been covered 45% a day before close. The 12.5 million share offering has received bids for 5.53 million shares, as per data provided by stock exchanges.
The institutional investor portion was subscribed 47%, while the high networth individual (HNI) and retail quota has been covered 1.4 times and 67% respectively.
Read more from our special coverage on "INFIBEAM"
At least 75% of IPO is reserved for institutions, 15% for HNIs and 10% for retail. Infibeam's IPO, price in the range of Rs 360 to Rs 432 per share, closes on Wednesday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app