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Infibeam Scrapes Through IPO With 1.11x Subscription

Infibeam was successful in raising Rs 450Cr on Day 3 of its IPO process. With regard to our earlier post, Infibeam completed its Last Subscription day with 111% subscription, 0.11 times subscription than required. For the total issue size of 1,25,00,000 shares, it received bids for 1,38,30,894 equity shares.

Infibeam Incorporation Limited Subscription after completion of IPO process 23-03-2016 17:00 PM

Let’s have a look at the numbers of Infibeam IPO.

Total Issue Size 1,25,00,000 Shares
Total Bids Received 1,38,49,254 Shares
Total Bids Received at Cut-off Price 14,83,488 Shares
No. of times issue is subscribed 1.11

They scraped through.

Institutions apparently weren’t as interested, with only 0.86x of their shares bid for. HNI and Retail seem to have bid and got through.

Infibeam IPO Subscription

The Listing is on April 4, and will mark an interesting time for an ecom listing. Will this be a proxy for Indian e-commerce? Or will it be like Rediff, and stay listed in a corner that no one cares about?

With a scrape-through situation, this IPO might not really be fireworks on listing, but you never know!

  • Hey Shreesh, I’m personally waiting for this IPO and will see how things go, as it’s I guess the first time an e-commerce is coming to this level. If it gets successfully, then Flipkart and Snapdeal will surely join the crusade. I just hope it works for them, as it will change the tech industry in our country which is already enjoying benefits of startup policies.