INFIBEAM INCORPORATION LIMITED
Price Band fixed from Rs. 360 to Rs. 432 per Equity Share
Mumbai, March 15, 2016: Infibeam Incorporation Limited (the “Company” or “Issuer”) will open on , 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 .
The Equity Shares offered through the Issue are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). BSE shall be the Designated Stock Exchange.
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.
Infibeam Incorporation Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a red herring prospectus (the “RHP”) with the Registrar of Companies, Gujarat at Ahmedabad. The RHP is available on the websites of Securities and Exchange Board of India at www.sebi.gov.in as well as on the websites of the Global Co-ordinator and Book Running Lead Manager and the Book Running Lead Manager atwww.sbicaps.com and www.elaracapital.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see the section titled “Risk Factors” beginning on page 16 of the RHP.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), or any state securities laws in the United States, and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, registration requirements under the U.S. Securities Act and applicable state securities laws in the United States.
Disclaimer clause of BSE:
It is to be distinctly understood that the permission given by BSE should not in any way be deemed or construed that the RHP has been cleared or approved by BSE nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to page 235 of the RHP for the full text of the Disclaimer Clause of the BSE.
Disclaimer clause of NSE:
It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the offer document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the offer document. The investors are advised to refer to page 236 of the RHP for the full text of the Disclaimer clause of NSE.
This press release is only for information purposes. This is not a Prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribed to securities. The statutory ads have been released on March 14, 2016, and investors can refer to the same. All capitalised terms used and not specifically defined here shall have the same meaning as ascribed to them in the Red Herring Prospectus.