Naukri IPO Oversubscribed 55 Times
Updated: The IPO of Info Edge, the owners of jobs portal Naukri, has been oversubscribed 54.77 times. The issue closed today. The qualified institutional buyers category was oversubscribed 83.87 times, high networth individuals 65.74 times, retail 12.21 times and employee category 0.39 times. The total number of applicants were 1.02 lakh. That’s how the final numbers look like.
This is India’s first pure play dotcom IPO, and so has been keenly watched. With this kind of oversubscription, investors have shown that they have appetite for Internet stocks in India. The public offer consists of 5.32 million equity shares of Rs 10 each. The issue would constitute 19.50 per cent of the fully-diluted post issue paid-up capital of the company. The company plans to raise between Rs 154-174 crore based on the price band of Rs 290-320 per share.
ICICI Securities and Citigroup Global Markets India are the Book Running Lead Managers to the issue and Intime Spectrum Registry is the registrar
Posted In: E-Commerce, Classifieds Business