Ahmedabad-based online marketplace Infibeam said that it is looking to raise Rs 450 crore through an initial public offering (IPO) and has filed papers with markets regulator Securities and Exchange Board of India (SEBI). It is interesting to note that Infibeam will be going through the traditional IPO route and is looking to list on the main board of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company will not be listing on the institutional trading platform (ITP) for startups and technology companies which will be set up later as announced by SEBI chairman UK Sinha. The lead bankers to the issue are SBI Capital Markets and Elara Capital. Infibeam also said that the proceeds of the issue will be used for the company's international expansion, setting up of data centres, infrastructure investments, and general business purposes. It's also worth remembering that in an earlier interview with YourStory, Infibeam founder and CEO Vishal Mehta had said that the company is looking to raise Rs 800-1000 crore through its IPO. Infibeam's businesses Infibeam.com: It is Infibeam's retail marketplace and competes with other online e-tailers such as Flipkart, Amazon India and Snapdeal. BuildaBazaar.com: Infibeam enterprise platform BuildaBazaar offers small, medium and large merchants a platform, to start online store under their own domain name. The DIY platform is based on cloud services which supports multi lingual, multi currency feature and integrates operation support services like payment gateway, logistics, order management, marketing & SEO, catalogue management. INDENT: Indent is a platform for large…
