Monday 21 March 2016

Infibeam's IPO subscribed 0.11x, RIIs show muted interest

At 12:13 IST, as per NSE data, the issue is subscribed 0.11x. For Qualified Institutional Buyers (QIBs), the number of shares offered are 93,75,000, out of which, bids have been received for 14,04,744 shares. 

Infibeam IPO, India's first in the e-commerce sector, opened today for subscription. Infibeam, promoted by Ajit Mehta, Vishal Mehta, and Malav Mehta, has opted to raise Rs. 450cr directly from the primary market.

At 12:13 IST, as per NSE data, the issue is subscribed 0.11x. For Qualified Institutional Buyers (QIBs), the number of shares offered are 93,75,000, out of which, bids have been received for 14,04,744 shares. Retail Individual Investors (RIIs) biddings have been muted, with only 11,254 shares bid for out of 12,50,000 shares. Non Institutional Investors haven't  shown much interest in the IPO, with no biddings for the 18,75,000 shares being offered. 

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