wordpress blog stats
Connect with us

Hi, what are you looking for?

Infibeam to hit markets with IPO next week


Ahmedabad-based ecommerce player Infibeam will be hitting the markets with its IPO on March 21, reports ShubhAngel. The company is looking to raise Rs 450 crore from the issue and had filed the draft red herring prospectus in July 2015 with markets regulator Securities Exchange Board of India (SEBI).

The lead bankers to the issue are SBI Capital Markets, Elara Capital, ICICI Securities and Kotak Mahindra Capital Company Limited. 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 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 in June 2015.

Infibeam financials

Infibeam has posted losses for the last three years: For the nine month period ended December 31, 2014, Infibeam posted a loss after tax of Rs 9.65 crore. 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 yer ended March 2014, total revenues were at Rs 10.81 crore.

ShipDroid launch

In February 2015, Infibeam launched a SaaS-based logistics services aggregation platform called ShipDroid, which would help merchants deliver packages throughout the country. The platform enables e-commerce merchants to integrate with various courier service providers in India, while maintaining uniformity of entire logistics/fulfillment process across all courier partners. Merchants signing up on the platform could deliver goods to over 20,000 pincodes across 600 cities, in the country.

You May Also Like


Truecaller has appointed a new chief financial officer, Odd Bolin, to prepare the company for an initial public offering (IPO). The Sweden-headquartered caller identification...


The Federation of All India Vyapar Mandal (FAIVM), a pan-India body of traders and retailers, has recommended that the government impose a tax of...


The Department for Promotion of Industry and Internal Trade (DPIIT) has forwarded complaints against Amazon and Flipkart, made by traders body Confederation of All...


The Competition Commission of India has sought information from sellers body AIOVA on the alleged preferential treatment that Amazon gives to certain large sellers,...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ