Infibeam, the first e-commerce company in India to list on the stock exchanges, saw 63% of the shares subscribed on the second day of the offer, according to this Business Standard report. The Rs 450-crore IPO received bids for 7.9 million shares against the total issue size of 12.5 million shares at the end of yesterday's markets close. On Day one of the IPO, Infibeam’s shares were subscribed 0.21 times. Data available on BSE website showed the qualified institutional investor (QIB) quota was subscribed by 0.33 times the quota limit. The quota for non-institutional investors (NIIs) was subscribed by 1.41 times, while retail investors had bid for 0.64 times the quota limit. On NSE, the QIB quota was subscribed by 0.47 times, retail by 0.21 times while NII quota was subscribed by 0.05 times. Infibeam plans to utilise the IPO proceeds for setting up a cloud data centre and shifting and setting up a registered and corporate office, apart from 75 logistics centres, purchase of software and for other general corporate purposes. Financials Infibeam's red herring prospectus said that the company had reported a profit of Rs 6 crore in the first half of . For FY14, the losses were at Rs 25.95 crore. It stood at Rs 24.91 crore in FY13 and Rs 10.83 crore in FY12. For the nine month period between April 2014 and December 2014, Infibeam’s total revenues were Rs 19.295 crore. For the year ended March 2014, total revenues were at Rs 10.81 crore. Investment bankers walk out SBI Caps and…
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