The company has raised Rs. 450 crore via an initial public offering.
Shares of the Ahmedabad-based e-commerce firm Infibeam Incorporation Ltd today opened 6% higher at Rs. 458 against its IPO price of Rs. 432 a share. Currently, Infibeam is trading at Rs. 452 on BSE.
The company has raised Rs. 450 crore via an initial public offering.
The company plans to utilize the IPO proceeds for expansion. It will invest Rs. 230 crore for setting up a corporate office and a cloud data center at the GIFT City, Gandhinagar, Gujarat.
The company has raised Rs. 450 crore via an initial public offering.
The company plans to utilize the IPO proceeds for expansion. It will invest Rs. 230 crore for setting up a corporate office and a cloud data center at the GIFT City, Gandhinagar, Gujarat.
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