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Infibeam Corporation, an e-commerce firm, has filed its draft red herring prospectus with the capital markets regulator SEBI for an initial public offering of up to ₹450 crore. The shares would be listed on the NSE and the BSE. The merchant bankers to the issue are SBI Capital Markets, ICICI Securities, Kotak Mahindra Capital and Elara Capital. The issue is being made through the book-building process where at least 75 per cent of the issue will be allotted through the QIP route. Further, not more than 15 per cent of the issue would be earmarked for non-institutional bidders and not more than 10 per cent for retail investors.
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