Mumbai: Infibeam Incorporation Ltd`s initial public offering has been fully subscribed ahead of books closing later on Wednesday, exchange data showed.
The e-commerce firm received orders for about 12.5 million shares on offer as of 15:24 India time (0954 GMT), according to data from the National Stock Exchange and BSE Ltd.
High net-worth individuals and corporates were active bidders with orders worth 1.8 times the total number of shares reserved for them.
Infibeam is aiming to raise up to 5.4 billion rupees ($80.84 million) at the top-end of its IPO and has set a price band of 360 rupees to 462 rupees a share.
The offer closes later on Wednesday.
($1 = 66.8025 Indian rupees)
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
