Formed in 1986, capital market publishers india pvt ltd pioneered corporate databases and stock market magazine in india. Latest technologies and standards are constantly being adopted to keep the database userfriendly, comprehensive and uptodate. 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. Infibeam, indias first ecommerce ipo, ends 3% up on. 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. Infibeam incorporation ltd ipo infibeam ipo detail.
All eyes on infibeam ipo as indian ecommerce wonders which road. Please download the free adobe acrobat reader to view these documents. Infibeam had initially named sbi capital markets, elara capital, icici securities. The ipo opens on apr 18, 2017 and closes on apr 21, 2017. Infibeam has filed a draft red herring prospectus drhp with sebi for an initial public offering ipo to raise rs. As per the draft red herring prospectus, gujaratbased infibeam plans to come out with public issue of equity. As per draft red herring prospectus, gujaratbased infibeam plans to come out with. Setting up of cloud data center and purchase of property for shifting and setting up of registered and corporate office. Initial public offering prospectus wisetech global limited financial adviser joint lead managers legal adviser for personal use only.
Infibeam will reduce the debt burden close to rs 70 crore which is sitting on its balance sheet. Yes, infibeam is indias first ever ecommerce website which is going for ipo. Infibeam ipo will open for subscription on march 2123. Limited to develop, build and own software applications by offering downloading and streaming of licensed digital music content. Hnis show interest in the year to march 2015, infibeam reported a total income of rs 295. As an investor, you will do well to know what you are getting into. The initial public offering ipo of infibeam, to be launched later today march 21. Two investment banks walk out of infibeam ipo the economic times. The equity shares offered through the draft prospectus are proposed to be. Infibeam ipo is a mainboard ipo of 10,416,666 equity shares of the face value of.
Rockabye baby the ecommerce cradle rocks, but the bough breaks, it falls. It also captures the holding period returns and annual returns. 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. Infibeam to be indias 1st ecommerce ipo times of india. Prospectus in electronic form is available only to persons receiving this prospectus in electronic form within australia. We have has never received any compensation for securities sold in any capacity. Find out infibeam avenues ipo issue price, subscription dates and status, infibeam avenues ipo listing date and. Infibeam, the ahmedabadbased company, is all set to be the first pure play ecommerce firm in india to be listed.
Live infibeam avenues share price 52 week highlow stocks. 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. The draft red herring prospectus will be updated upon filing with the roc 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. Infibeam corporation ipo what are the hidden factors. Infibeam lists at 6% premium over issue price of rs 432. 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. Infibeam to hit markets on march 21, mopup rs 450 crore. Download the economic times business news app for the latest. Zui yu xuan teochew cuisine is housed within a twostorey heritage building located in the historic far east square precinct. 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.
Infobeans technologies ipo is a sme ipo of 6,342,000 equity shares of the face value of. 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. If unsure about the completeness of this prospectus received electronically, or a print. 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. Kotak mahindra capital, in its draft red herring prospectus filed with sebi. All eyes on infibeam ipo as indian ecommerce wonders. The company microsoft designs, develops, markets, and supports a product line of systems and. The minimum order quantity is 2000 shares per application and the offer type is fixed price issue.
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 incorporation, which raised rs 450 crore through its initial public offer ipo, will make its stock market debut on monday, becoming the first e. 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. Infibeam files draft red herring prospectus with sebi.
All pre ipoequity shares of our company will be locked in as. Infibeam files for ipo in first major domestic ecommerce. Find information on red herring prospectus, red herring prospectus india, draft red herring. 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. Please click on prospectus images to download document. 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. 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. Infibeam incorporation limited ipo infibeam is an ecommerce company focused on developing an integrated and synergistic ecommerce business model.
The draft red herring prospectus will be updated upon filing with the roc. Indias first ever ecommerce ipo, infibeam ipo is all set to hit stock market on 21st march, 2016. Infibeam incorporation files draft prospectus for ipo. Persons who access the electronic version of this prospectus should ensure that they download and read the entire prospectus. Infibeam ipo gets thumbs down from analysts ipo central. 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. Infibeams ipo, at a price band of rs 360432 per share, is slotted to. On 21 july 2009, the companys name was changed to frencken group limited to reflect the excellent reputation and recognition of the. Consult independent counsel for any and all legal advice and questions. All eyes on infibeam ipo as indian ecommerce wonders which road to take. Prospectus the document is best viewed using the latest versions of chrome, firefox and internet explorer 11.
Here is a quick lowdown of what we could find about the company from its drhp. 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. Infibeam had initially named sbi capital markets, elara capital, icici securities and kotak mahindra capital, in its draft red herring prospectus filed with sebi. Infibeams ipo, the first in the ecommerce space, will have a lot riding on it. This prospectus is an offer to sell only the shares offered hereby and only under. 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. 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. Stock into common stock on the date of this prospectus. 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. Download infibeam corporation ipo prospectus from sebi website at this link. If such option is exercised in full, the total initial public offering. As much as india needs a successful tech ipo, infibeams public offering is a bit overpriced and there are risks involved. Reuters indian eretailer infibeam filed a draft prospectus for an initial public offering ipo to raise 4. Within this elegant oriental space, refined, authentic teochew fare is presented.