To raise about Rs 26 crore and get listed on the BSE's SME platform
The company has reserved up to four lakh shares for employees in the public issue
The company is expected to raise an estimated Rs 2,000 crore through the IPO
Infibeam is aiming to raise Rs 450 crore by issuing fresh shares in the IPO
The company has fixed the price band at Rs 360-432 per equity share for the IPO
The institutional investor portion was subscribed 47%
The 12.5-million share offering received bids for nearly 2.55 million shares
According to sources, the company is expected to hit the Dalal Street in the first half of April
Infibeam competes with Flipkart, Amazon, Snapdeal and others in the e-commerce space
The Rs 650 crore issue received bids for 25.3 mn shares against the total issue size of 16.39 mn shares
Opportunities immense but risks are high, too; valuations are expensive as well
The issue received bids for 88,13,610 shares against the total issue size of 1,63,90,000 shares
The offer would include reservation of equity shares worth Rs 3.5 crore for subscription by eligible employees
E-commerce firm Infibeam Incorporation is eyeing a valuation of as much as $334 million as it sells shares next week in the sector's first IPO
But Infibeam said the decision was due to the small size of the offering
If the stock does not manage to perform well, it is likely to impact valuations of the entire ecommerce sector
Ability to quickly scale up network and improve profitability will be key
The IPO of HCG will open on March 16 and close on March 18, while that of Bharat Wire Ropes will begin on March 18 and conclude on March 22
Government came up with the Concor issue as it races to meet the revised, lower target of Rs 25,000 crore