Shares of Infibeam Incorporation debuted on the stock exchanges today and listed at Rs 458 on BSE, a premium of 6 percent over its issue price of Rs 432.
On NSE the shares were listed at Rs 453, a premium of 4.86 percent.
Started in 2007, Infibeam runs several e-commerce services like Infibeam.Com, BuildaBazaar, Incept and Picsquare.The IPO, which opened during March 21-23 was subscribed 1.11 times at a price band of Rs 360-432 per share.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 86 per cent and non-institutional investors received 2.23 times subscription.Retail investors category was subscribed 1.31 times.
Infibeam plans to utilise the IPO proceeds towards setting up of a cloud data centre and shifting and setting up of registered and corporate office of the company.
Read more - Infibeams stocks
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