You are here: Home » Markets » News
Business Standard

Infibeam files DRHP to Sebi for Rs 450-cr IPO

The equity shares offered through the Issue are proposed to be listed on both BSE and NSE

BS Reporter  |  Ahmedabad 

Ahmedabad-based Infibeam Incorporation Limited has filed a Draft Red Herring Prospectus (DRHP) with Sebi for an initial public offering (IPO) of equity shares of Rs 10 each for cash including a share premium on per equity basis aggregating up to Rs 450 crore.

The equity shares offered through the Issue are proposed to be listed on both BSE and NSE.

An Indian e-commerce company, Infibeam, along with its subsidiaries, own and operate the Infibeam BuildaBazaar e-commerce marketplace, which provides cloud-based, modular and customizable digital solutions and other value added services to enable merchants to set up storefronts.

As part of its integrated e-commerce ecosystem, it also, along with its subsidiaries, operates Infibeam.com, one of India's leading multi-category e-retailers. Its integrated business model enables it to provide comprehensive, multi-channel and multi-screen value added services to merchants.

The global coordinators and book running lead managers to the issue are SBI Capital Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited and the book running lead manager to the issue is Elara Capital (India) Private Limited.

The issue is being made through the book building process wherein at least 75 per cent of the issue shall be allotted on a proportionate basis to Qualified Institutional Buyers (QIBs) and the company may allocate up to 60 per cent of the QIB Portion to anchor investors. on a discretionary basis, the company stated.

"Further, not more than 15 per cent of the issue shall be available for allocation on a proportionate basis to non-institutional bidders and not more than 10 per cent of the issue shall be available for allocation to retail individual bidders in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended," the company said in an official statement.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, July 02 2015. 00:30 IST
RECOMMENDED FOR YOU
.