Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Infibeam's $80 Million IPO Fully Subscribed

High net-worth individuals and corporates were active bidders with orders worth 1.8 times the total number of shares reserved for them.

Infibeam Incorporation Ltd's initial public offering has been fully subscribed ahead of books closing later on Wednesday, exchange data showed.

The e-commerce firm received orders for about 12.5 million shares on offer as of 15:24 India time (0954 GMT), according to data from the National Stock Exchange and BSE Ltd.

High net-worth individuals and corporates were active bidders with orders worth 1.8 times the total number of shares reserved for them.

Infibeam is aiming to raise up to Rs 5.4 billion ($80.84 million) at the top-end of its IPO and has set a price band of Rs 360 to Rs 462 a share.

The offer closes later on Wednesday.

(Reuters)


Tags assigned to this article:
ipo market sensex infibeam national stock exchange