Infibeam Incorporation Limited Files Draft Red Herring Prospectus with SEBI for Rs. 4,500 Million IPO

Infibeam Incorporation Limited (the “Company” or “Infibeam”) has filed a Draft Red Herring Prospectus (“DRHP”) with SEBI for an initial public offering (“IPO”) of Equity Shares of Rs. 10 each (“Equity Shares”) for cash including a share premium on per Equity basis aggregating up to Rs. 4,500 million.

The Equity Shares offered through the Issue are proposed to be listed on the BSE and the NSE.  

The Global Coordinators & Book Running Lead Managers to the Issue are SBI Capital Markets Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited and the Book Running Lead Manager to the Issue is Elara Capital (India) Private Limited.

Infibeam is an Indian e-commerce company focused on developing an integrated and synergistic e-commerce business model. It, along with its subsidiaries, own and operate the Infibeam BuildaBazaar e-commerce marketplace, which provides cloud-based, modular and customizable digital solutions and other value added services to enable merchants to set up storefronts. As part of its integrated e-commerce ecosystem, it also, along with its subsidiaries, operate Infibeam.com, one of India’s leading multi-category e-retailers. Its integrated business model enables it to provide comprehensive, multi-channel and multi-screen value added services to merchants.

The Issue is being made through the Book Building Process wherein at least 75% of the Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”) and our Company may allocate up to 60% of the QIB Portion to Anchor Investors. on a discretionary basisFurther, not more than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.

Disclaimer:

Infibeam Corporation Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the Draft Red Herring Prospectus with SEBI. The Draft Red Herring Prospectus is available on the websites of SEBI, BSE, NSE at www.sebi.gov.in, www.bseindia.com and www.nseindia.com, respectively, and website of GCBRLMs at www.sbicaps.com,  www.icicisecurities.com and www.investmentbank.kotak.com, respectively and the BRLM at www.elaracapital.com,. Any Potential Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” in the Draft Red Herring Prospectus. Potential investors should not rely on the Draft Red Herring Prospectus filed with SEBI.

The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. The Equity Shares have not been and will not be registered under the US Securities Act of 1933 (“U.S. Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable United States state securities laws.