The initial public offering ipo of infibeam incorporation ltd, the parent of horizontal ecommerce platform infibeam and ecommerce enabler buildabazaar, sailed through in the dying hours of the threeday issue period. As an investor, you will do well to know what you are getting into. Infibeam has an ipo on, and its an ipo that is not quite as relevant as it should have been, being the first pureplay ecommerce company to go public. On 21 july 2009, the companys name was changed to frencken group limited to reflect the excellent reputation and recognition of the. Last week, infibeam had filed a draft red herring prospectus with the securities and exchange board of india sebi for an ipo. Infobeans technologies ipo details ipo date, price, gmp. As per the draft red herring prospectus, gujaratbased infibeam plans to come out with public issue of equity. Please download the free adobe acrobat reader to view these documents. Infibeam lists at 6% premium over issue price of rs 432 incorporated in 2007, infibeam has two major businesses the buildabazaar bab ecommerce marketplace 28 % revenue and eretail website infibeam. Rockabye baby the ecommerce cradle rocks, but the bough breaks, it falls. Infibeam ipo sails through without bells and whistles. Infibeam analyst recommendations are mostly on the grounds of excessive valuations, recent exit of two lead bankers, and apprehensions about the absence of external investments, even though infibeam operates in an industry which is flush with venture capital and.
Two investment banks walk out of infibeam ipo the economic times. Infibeam incorporation ltd ipo infibeam ipo detail. Persons who access the electronic version of this prospectus should ensure that they download and read the entire prospectus. If such option is exercised in full, the total initial public offering. Infibeam is a first ecommerce company to raise the fund via ipo route. Indian eretailer infibeam filed a draft prospectus for an initial public offering ipo to raise rs. All eyes on infibeam ipo as indian ecommerce wonders. Netlink nbn trust, which owns 100% of the units in netlink trust, has a nationwide network that is the foundation of singapores next generation nationwide broadband network next gen nbn, over which ultrahighspeed internet access is delivered throughout mainland singapore and its connected islands. Infibeam lists at 6% premium over issue price of rs 432.
Setting up of cloud data center and purchase of property for shifting and setting up of registered and corporate office. Infibeam files draft red herring prospectus with sebi infibeam incorporation has filed a draft red herring prospectus drhp with sebi for an initial public offering ipo of equity shares. Infibeam files draft red herring prospectus with sebi. Download infibeam corporation ipo prospectus from sebi website at this link. We have has never received any compensation for securities sold in any capacity. As per draft red herring prospectus, gujaratbased infibeam plans to come out with. If you are unable to read it from your internet browser, kindly download a copy and read it with the latest version of adobe acrobat reader. Indias first ever ecommerce ipo, infibeam ipo is all set to hit stock market on 21st march, 2016. Infibeam has filed a draft red herring prospectus drhp with sebi for an initial public offering ipo to raise rs. Infibeam incorporation will hit the capital markets today to mopup rs 450 crore through an initial share plan, becoming the first ecommerce firm to tap the initial public offer ipo route, said.
Infibeam, the ahmedabadbased company, is all set to be the first pure play ecommerce firm in india to be listed. Latest technologies and standards are constantly being adopted to keep the database userfriendly, comprehensive and uptodate. Infibeam corporation ipo what are the hidden factors. All eyes on infibeam ipo as indian ecommerce wonders which road to take. Infibeam incorporation ltd, which will be indias first ecommerce company to file for an initial public offering ipo, plans to scale up its logistics infrastructure by adding 75 centres over the next three years. Infibeam had initially named sbi capital markets, elara capital, icici securities. It also captures the holding period returns and annual returns. Some content, including service offerings, may not be uptodate. Hnis show interest in the year to march 2015, infibeam reported a total income of rs 295.
Infibeam to hit markets on march 21, mopup rs 450 crore. Yes, infibeam is indias first ever ecommerce website which is going for ipo. Reuters indian eretailer infibeam filed a draft prospectus for an initial public offering ipo to raise 4. Zui yu xuan teochew cuisine is housed within a twostorey heritage building located in the historic far east square precinct. Today capitaline corporate database cover more than 35,000 listed and unlisted indian companies. The initial public offering ipo of infibeam, to be launched later today march 21.
The minimum order quantity is 2000 shares per application and the offer type is fixed price issue. Infibeam incorporation, which raised rs 450 crore through its initial public offer ipo, will make its stock market debut on monday, becoming the first e. Limited to develop, build and own software applications by offering downloading and streaming of licensed digital music content. Infibeam ipo is a mainboard ipo of 10,416,666 equity shares of the face value of. Infibeam files for ipo in first major domestic ecommerce. Infibeam ipo will open for subscription on march 2123. Within this elegant oriental space, refined, authentic teochew fare is presented. Infibeam will reduce the debt burden close to rs 70 crore which is sitting on its balance sheet.
Prospectus in electronic form is available only to persons receiving this prospectus in electronic form within australia. Infobeans technologies ipo is a sme ipo of 6,342,000 equity shares of the face value of. The ipo opens on apr 18, 2017 and closes on apr 21, 2017. Infibeam, indias first ecommerce ipo, ends 3% up on market debut. Gujarat based ecommerce portal infibeam earlier last week announced that it is looking to list on the stock exchanges and raise rs 450 crore through its initial public offering ipo. Find out infibeam avenues ipo issue price, subscription dates and status, infibeam avenues ipo listing date and.
Despite all its alleged bias, the mainstream media has done its job by analysing the ipo based on available facts and laying out the risks for the public to see. The initial public offer ipo will conclude on march 23, as per the latest update available with capital markets regulator securities and exchange board of india sebi. So, infibeam limiteds initial public offering ipo turned in to. Infibeam lists at 6% premium over issue price of rs 432 incorporated in 2007, infibeam has two major businesses the buildabazaar bab ecommerce marketplace 28. Please click on prospectus images to download document. If unsure about the completeness of this prospectus received electronically, or a print. Red herring prospectus dated march 11, 2016 please read section 32 of the companies act, 20 book built issue infibeam incorporation limited our company was incorporated as infibeam incorporation limited on june 30, 2010, at ahmedabad, as a public limited company under the companies act, 1956. Infibeams ipo, at a price band of rs 360432 per share, is slotted to. Infibeam incorporation files draft prospectus for ipo. Infibeam ipo gets thumbs down from analysts ipo central. Infibeam, indias first ecommerce ipo, ends 3% up on. Infibeam had initially named sbi capital markets, elara capital, icici securities and kotak mahindra capital, in its draft red herring prospectus filed with sebi. Kotak mahindra capital, in its draft red herring prospectus filed with sebi. The company microsoft designs, develops, markets, and supports a product line of systems and.
The company owns and operates the infibeam buildabazaar ecommerce marketplace, which provides cloudbased, modular and customizable digital solutions and other value added services to enable. Here is a quick lowdown of what we could find about the company from its drhp. Infibeam incorporation limited ipo infibeam is an ecommerce company focused on developing an integrated and synergistic ecommerce business model. Infibeam to be indias 1st ecommerce ipo times of india. Indian eretailer infibeam incorporation filed a draft prospectus with the securities and exchange board of india sebi yesterday, 30 june 2015, for an initial public offer ipo to raise rs 450. Offer the offer contained in this prospectus is an invitation to acquire fully paid ordinary shares in wisetech global limited acn 065 894 724 wisetech or. Find information on red herring prospectus, red herring prospectus india, draft red herring.
As much as india needs a successful tech ipo, infibeams public offering is a bit overpriced and there are risks involved. All pre ipoequity shares of our company will be locked in as. Download the economic times business news app for the latest. This prospectus is an offer to sell only the shares offered hereby and only under. Prospectus the document is best viewed using the latest versions of chrome, firefox and internet explorer 11. The draft red herring prospectus will be updated upon filing with the roc.
Consult independent counsel for any and all legal advice and questions. Initial public offering prospectus wisetech global limited financial adviser joint lead managers legal adviser for personal use only. The equity shares offered through the draft prospectus are proposed to be. Infibeams ipo, the first in the ecommerce space, will have a lot riding on it. Dividends on the series k preferred stock will be payable when, as and if declared by our board of directors, from the date of issuance to, but excluding, march 15, 2018 at a rate of 7. Live infibeam avenues share price 52 week highlow stocks. Stock into common stock on the date of this prospectus. All eyes on infibeam ipo as indian ecommerce wonders which road.
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