Infibeam plans to file its draft red herring prospectus for IPO: reports

Report stated that the company is planning to raise about Rs 500 crore -Rs 1,000 crore via initial public offering (IPO).

Oct 28, 2014 04:10 IST India Infoline News Service

Ahmedabad-based e-commerce company Infibeam is planning to file its draft red herring prospectus with the Securities and Exchange Board of India ( Sebi) by December, according to reports.
Report stated that the company is planning  to raise about Rs 500 crore -Rs 1,000 crore via initial public offering (IPO).
The IPO, which is expected in 2015, will make Infibeam the first Indian e-commerce company to go public in the country. 
While HomeShop18, which has also announced plans to go public, has filed documents to list on the US exchanges. 

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