{"id":16389,"date":"2016-03-22T03:05:49","date_gmt":"2016-03-21T21:35:49","guid":{"rendered":"http:\/\/www.officechai.com\/?p=16389"},"modified":"2016-03-22T03:08:11","modified_gmt":"2016-03-21T21:38:11","slug":"infibeam-ipo-day-1","status":"publish","type":"post","link":"https:\/\/officechai.com\/news\/infibeam-ipo-day-1\/","title":{"rendered":"Infibeam&#8217;s Historic IPO Subscribed 21% On Day 1"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\"><span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/infibeam-ipo\/\" target=\"_blank\">Infibeam&#8217;s IPO<\/a><\/span>, the first ever by an Indian e-commerce company, has got off to a sedate start. Day 1 of the IPO, which will run from 21st to 23rd March, saw 21% of shares on offer being snapped up by investors. Infibeam is trying to raise Rs. 450 crore and dilute 20% of its equity through this stock sale.<\/span><\/p>\n<p><span style=\"color: #000000;\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-16205\" src=\"https:\/\/i0.wp.com\/www.officechai.com\/wp-content\/uploads\/2016\/03\/infibeam-vishal-mehta-sr_660_031615040440.jpg?resize=640%2C436\" alt=\"infibeam-vishal-mehta-sr_660_031615040440\" width=\"640\" height=\"436\" srcset=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/03\/infibeam-vishal-mehta-sr_660_031615040440.jpg?w=660&amp;ssl=1 660w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/03\/infibeam-vishal-mehta-sr_660_031615040440.jpg?resize=300%2C205&amp;ssl=1 300w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/03\/infibeam-vishal-mehta-sr_660_031615040440.jpg?resize=600%2C409&amp;ssl=1 600w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">The IPO run into problems prior to its opening when 2 of the 4 investment banks opted out over concerns over the pricing and the timing of the issue. The company has fixed a price band of Rs. 360-Rs. 432 per share, and that translates into an Enterprise Value\/Sales multiple of\u00a04.3x-5.2x, which is being seen as steep by investors.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Like other e-commerce companies, Infibeam had\u00a0been running in losses, but the company had turned profitable in the first six months of 2015-2016.\u00a0The company posted a revenue of <span class=\"WebRupee\">Rs.<\/span>171.3 crore and a net profit of <span class=\"WebRupee\">Rs.<\/span>6.6 crore for the six months ended September 2015. It reported a revenue of <span class=\"WebRupee\">Rs.<\/span>288.2 crore at a net loss of<span class=\"WebRupee\">Rs.<\/span>9.8 crore for the year ended 31 March 2015.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">The firm will use the IPO proceeds to set up a cloud data centre and 75 logistics centres, and compete with bigger players like Flipkart and Snapdeal which are backed by VCs and private equity funds.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infibeam&#8217;s IPO, the first ever by an Indian e-commerce company, has got off to a sedate start. Day 1 of the IPO, which will run from 21st to 23rd March, saw 21% of shares on offer being snapped up by investors. Infibeam is trying to raise Rs. 450 crore and dilute 20% of its equity through this stock sale.<\/p>\n","protected":false},"author":2,"featured_media":16205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[202,254],"tags":[319,558],"class_list":["post-16389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-startups","tag-ecommerce","tag-infibeam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infibeam&#039;s Historic IPO Subscribed 21% On Day 1<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/news\/infibeam-ipo-day-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infibeam&#039;s Historic IPO Subscribed 21% On Day 1\" \/>\n<meta property=\"og:description\" content=\"Infibeam&#039;s IPO, the first ever by an Indian e-commerce company, has got off to a sedate start. 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