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Saturday 2 April 2016

Infibeam Incorporation to list shares on April 4

Infibeam Incorporation to list shares on April 4Infibeam Incorporation, which has raised Rs 450 crore through its initial public offer (IPO), will make stock market debut on April 4, the first e-commerce player in the country to get listed. The IPO, which opened from March 21-23, was subscribed 1.11 times at a price band of Rs 360-432 per share. Among other categories, the portion set aside for non-institutional investors received 2.23 times subscriptions while that of retail investors was subscribed 1.31 times. "...effective Monday, April 4, 2016, shares of Infibeam Incorporation shall be listed and admitted to dealings on the exchange in the list of 'B' Group of securities," BSE said in a circular.


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