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Infibeam's $80 million IPO fully subscribed
Infibeam Incorporation Ltd`s initial public offering has been fully subscribed ahead of books closing later on Wednesday, exchange data showed.
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Mumbai: Infibeam Incorporation Ltd`s initial public offering has been fully subscribed ahead of books closing later on Wednesday, exchange data showed.
The e-commerce firm received orders for about 12.5 million shares on offer as of 15:24 India time (0954 GMT), according to data from the National Stock Exchange and BSE Ltd.
High net-worth individuals and corporates were active bidders with orders worth 1.8 times the total number of shares reserved for them.
Infibeam is aiming to raise up to 5.4 billion rupees ($80.84 million) at the top-end of its IPO and has set a price band of 360 rupees to 462 rupees a share.
The offer closes later on Wednesday.
($1 = 66.8025 Indian rupees)
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