Infibeam Incorporation Ltd, the first e-commerce firm to tap the IPO route, saw its RS 450 -crore issur getting subscribed 21% on the opening day today. The issue recived the bids for Rs 26,44,792 shares as against the total issue size of Rs 1,25,00,000 shares, as per NSE's data till 1700 hrs.
The company has fixed the price band at Rs 360-432 per equity share for the initial public offer(IPO). The initial share-sale programme will conclude on March 23.
Infibeam competes with Flipkart, Amazon and Snapdeal, among other in the e-commerce space.
Started in 2007, Infibeam runs several e-commerce services like Infibeam.com, BuildaBazaar, Incept and Picsquare.
The company has proposed to lists its shares on NSE and BSE. The issue is being managed by SBI Capital Markets and Elara Capital India
The company has fixed the price band at Rs 360-432 per equity share for the initial public offer(IPO). The initial share-sale programme will conclude on March 23.
Infibeam competes with Flipkart, Amazon and Snapdeal, among other in the e-commerce space.
Started in 2007, Infibeam runs several e-commerce services like Infibeam.com, BuildaBazaar, Incept and Picsquare.
The company has proposed to lists its shares on NSE and BSE. The issue is being managed by SBI Capital Markets and Elara Capital India
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