Mumbai, March 15, 2016: Infibeam Incorporation Limited (the “Company” or “Issuer”) will open on Monday, March 21, 2016, a Public issue of equity shares of Face Value of Rs. 10 each (the “Equity Shares”) for cash at a Price Band from Rs. 360 to Rs. 432 per Equity Share (including a share premium) aggregating up to Rs. 4,500 million.
The Global Co-ordinator and Book Running Lead Manager (“GCBRLM”) to the Public Issue is SBI Capital Markets Limited and the Book Running Lead Manager (“BRLM”) is Elara Capital (India) Private Limited.
The Company may, in consultation with the GCBRLM and BRLM consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. Bids can be made for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter. The Bid/ Issue closes on Wednesday, March 23, 2016.
The Issue is being made through the Book Building Process wherein at least 75% of the Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that our Company may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis.
5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. If at least 75% of the Issue cannot be Allotted to QIBs, then the entire application money shall be refunded forthwith. Further, not more than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”), subject to valid Bids being received at or above the Issue Price. All potential investors, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”), to participate in this Issue.