Infibeam India's 1st e-tailer to launch IPO
The Initial Public Offering (IPO) of Ahmedabad-based e-tailer Infibeam will open for subscription on Monday, making it the first Indian e-commerce company to get a public listing. The issue, which will close on March 23, is expected to raise around ₹450 crore with shares priced at ₹360-432. Notably, the company has turned profitable between April-September in this fiscal.