 "Infibeam lists at premium to issue price")
Infibeam Incorporation has listed at Rs 458, a 6% premium compared with its issue price of Rs 432 per equity share, on the Bombay Stock Exchange (BSE).
On the National Stock Exchange (NSE), the stock listed at Rs 453. It touched high of Rs 467 and low of Rs 440 so far.
At 10:08 AM, the stock was trading at Rs 454 on the NSE and BSE. A combined 2.08 million shares changed hands on the counter on both the exchanges so far.
Infibeam Incorporation, the first e-commerce player in the country, had raised Rs 450 crore through its initial public offer (IPO).
The issue got a lukewarm response from the investor community, particularly mutual funds which didn’t apply for a single share.
The institutional investor segment was subscribed 86%, the high networth individual segment 2.23 times and retail portion 1.31 times.
The IPO, which opened from 21-23 March, was subscribed 1.11 times at a price band of Rs 360-432 per share.
On the National Stock Exchange (NSE), the stock listed at Rs 453. It touched high of Rs 467 and low of Rs 440 so far.
At 10:08 AM, the stock was trading at Rs 454 on the NSE and BSE. A combined 2.08 million shares changed hands on the counter on both the exchanges so far.
Infibeam Incorporation, the first e-commerce player in the country, had raised Rs 450 crore through its initial public offer (IPO).
The issue got a lukewarm response from the investor community, particularly mutual funds which didn’t apply for a single share.
The institutional investor segment was subscribed 86%, the high networth individual segment 2.23 times and retail portion 1.31 times.
The IPO, which opened from 21-23 March, was subscribed 1.11 times at a price band of Rs 360-432 per share.