14 March, 2016, Ahmedabad: As per the latest development, Infibeam is all set to launch its IPO on March 21. With this launch, company is looking forward to raise around Rs 450 crore had filed the draft red herring prospectus in July 2015 with markets regulator Securities Exchange Board of India (SEBI).
The lead bankers to the issue are SBI Capital Markets, Elara Capital, ICICI Securities and Kotak Mahindra Capital Company Limited. The company plans to utilise the raise amount in spreading its wings internationally, setting up of data centres, infrastructure investments, and general business purposes.
The company will be following the traditional IPO route and will be listing on the main board of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The company will not be listing on the Institutional Trading Platform (ITP) for startups and technology companies which will be set up later as announced by SEBI chairman UK Sinha in June 2015.
Infibeam retail platform offers millions of unique product selection at attractive price. Customers can make best selection from wide range of products across more than 46 category stores like Mobile & Tablet, Books & Magazines, Computers & Accessories, Electronics, Gifts, Cameras, Fashion & Accessories, Home & Kitchen, Baby care & Toys, Music etc.