India's largest internet company Info Edge (India), which runs the job sitenaukri.com, has sought clearance from the Securities and Exchange Board of India for an initial public offer (IPO) that would increase the company's paid-up capital by 25%.The issue of 54,59,054 shares of face value of Rs 10 through book building route is likely to fetch the company upwards of Rs 130 crore and increase the public holding in the company to 20% from nil at present, sources said.Of the total issue, 54,59,00 shares have been reserved for the employees. Of the remaining 49,13,154 shares, 60% would go to qualified institutional buyers while 30% will be for the public.The company is also looking at selling 21,83,60 shares on offer through a pre-IPO placement.Existing investors in Info Edge are not offering their shares in the IPO but after the issue the stake of promoters will come down to 58.1% from 78.6%while the share of ICICI in the company will drop to 7.9% from 9.8% and of other investors to 14% from 7.5%.The company has appointed ICICI Securities and Citigroup Global Markets as book runners cum lead managers for the issue.
