Bookbuilding IPO | ₹450 Cr | Listed at BSE, NSE | Mon, Mar 21, 2016 - Wed, Mar 23, 2016
Infibeam Incorporation IPO is a book build issue of ₹450.00 crores. The issue is entirely a fresh issue of 1.04 crore shares of ₹450.00 crore.
Infibeam Incorporation IPO bidding started from Mar 21, 2016 and ended on Mar 23, 2016. The shares got listed on BSE, NSE on Apr 4, 2016.
Infibeam Incorporation IPO price band is set at ₹432 per share. The lot size for an application is 34. The minimum amount of investment required by an retail is ₹14,688 (34 shares) (based on upper price). The lot size investment for sNII is 14 lots (476 shares), amounting to ₹2,05,632, and for bNII, it is 69 lots (2,346 shares), amounting to ₹10,13,472.
Elara Capital (India) Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Infibeam Incorporation IPO RHP for detailed Information.
IPO Open
Mon, Mar 21, 2016
IPO Close
Wed, Mar 23, 2016
Issue Price
₹432 per share
Market Cap (Pre-IPO)
₹2,293.55 Cr
| IPO Date | 21 to 23 Mar, 2016 |
| Listed on | Mon, Apr 4, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹360 to ₹432 |
| Issue Price | ₹432 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,04,16,666 shares (agg. up to ₹450 Cr) |
| Fresh Issue | 1,04,16,666 shares (agg. up to ₹450 Cr) |
| Share Holding Pre Issue | 4,26,74,655 shares |
| Share Holding Post Issue | 5,30,91,321 shares |
| BSE Script Code / NSE Symbol | 539807 / INFIBEAM |
| ISIN | INE483S01012 |
Infibeam Incorporation IPO comprises a total issue size of 1,04,16,666 shares. Out of which, 78,12,501 (75.00%) are allocated to QIB, 15,62,499 (15.00%) allocated to NII 10,41,666 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 78,12,501 | 75.00% | NA |
| NII (HNI) Shares Offered | 15,62,499 | 15.00% | NA |
| Retail Shares Offered | 10,41,666 | 10.00% | 30,637 |
| Total Shares Offered | 1,04,16,666 | 100.00% |
Investors can bid for a minimum of 34 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,688 |
| Retail (Max) | 13 | 442 | ₹1,90,944 |
| S-HNI (Min) | 14 | 476 | ₹2,05,632 |
| S-HNI (Max) | 68 | 2,312 | ₹9,98,784 |
| B-HNI (Min) | 69 | 2,346 | ₹10,13,472 |
Infibeam Incorporation Ltd is Ahmedabad, Gujrat based e-commerce company offering cloud-based, modular, customizable and scalable technology platform as well as e-commerce infrastructure and logistics support for a diverse universe of merchants, products and services. Company operates Infibeam.com, one of India's leading multi-category e-retail website.
Infibeam business operations are broadly divided as follows:
1. Infibeam BuildaBazaar e-commerce marketplace
An online marketplace offering customizable online storefront solutions on a scalable platform, including mobile applications, digital product catalogue, content management, promotions handling, access to payment gateways as well as fulfilment services. It provides cost-effective marketing and distribution solutions to the customers. As of March 31, 2015, we had 33,489 registered merchants.
2. Infibeam.com e-retail site
Infibeam.com is an online shopping website for Indian retail customers. The website sells over 15 million products across 40 product categories.
As of March 31, 2015, Infibeam.com had more than 7.2 million active users.
Company has 13 logistics centers across 12 cities in India including in Mumbai, Bengaluru, Delhi, Gurgaon, Kolkata, Hyderabad, Guwahati, Jaipur, Pune, Lucknow, Ahmedabad and Chennai.
Company have also set up a joint venture company with Sony Entertainment Limited to develop, build and own software applications by offering downloading and streaming of licensed digital music content.
Competitive Strengths
Company believe that the following are its key competitive strengths:
1. Integrated e-commerce business model with a large merchant and customer base
2. Advanced and scalable technology
3. One of the leading e-retail operations in India
4. Association with established brands
5. Experienced management team and qualified and motivated workforce
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of cloud data centre and purchase of property for shifting of the registered and corporate officesof our Company | 235.20 |
| 2 | Setting up of 75 logistics centres | 37.50 |
| 3 | Purchase of software | 67.00 |
| 4 | General corporate purposes | 76.77 |
The Infibeam IPO is subscribed 1.11 times on March 23, 2016 6:30:00 PM (Day 3). The public issue subscribed 1.31 times in the retail category, 0.86 times in the QIB category, and 2.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.86 | 93,75,000 | |
| NII | 2.23 | 18,75,000 | |
| Retail | 1.31 | 12,50,000 | |
| Total | 1.11 | 1,25,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to GCBRLM and the BRLM | 16.88 |
| 2 | Brokerage and Selling commission payable to Syndicate and the SCSB’s (for the direct ASBA Applications), Registered Brokers, RTAs, CDPs | 0.88 |
| 3 | Processing fees to SCSBs for ASBA Applications procured by the members of the syndicate or registered brokers, RTAs or CDPs and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.04 |
| 4 | Fees payable to Registrar to the Issue | 0.60 |
| 5 | Printing and stationary expenses | 1.00 |
| 6 | Advertising and marketing expenses | 5.02 |
| 7 | Listing fees | |
| 8 | SEBI, BSE and NSE processing fees | 1.27 |
| 9 | fees payable to legal counsels, | 3.59 |
| 10 | Miscellaneous | 0.20 |
| 11 | service tax payable on Issue related services | 4.06 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹432.00 | ₹432.00 |
| Open | ₹458.00 | ₹453.00 |
| Low | ₹439.90 | ₹440.25 |
| High | ₹466.90 | ₹467.00 |
| Last Trade | ₹445.70 | ₹445.75 |
Lead Manager Reports
Infibeam Incorporation IPO is a main-board IPO of 1,04,16,666 equity shares of the face value of ₹10 aggregating up to ₹450 Crores. The issue is priced at ₹432 per share. The minimum order quantity is 34.
The IPO opens on Mon, Mar 21, 2016, and closes on Wed, Mar 23, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Infibeam Incorporation IPO using UPI as a payment gateway. Zerodha customers can apply in Infibeam Incorporation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Infibeam Incorporation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Infibeam Incorporation IPO opens on Mon, Mar 21, 2016 and closes on Wed, Mar 23, 2016.
Infibeam Incorporation IPO lot size is 34, and the minimum amount required for application is ₹14,688.
You can apply in Infibeam Incorporation IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Infibeam Incorporation IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Infibeam Incorporation IPO allotment status.
The Infibeam Incorporation IPO listing date is on Mon, Apr 4, 2016.
