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…
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