IPO details of Infibeam limited -March 2016 to raise 450 Crores
E-commerce and retailing giant infibeam is going to arrange a sum of 450 crores via IPO. This IPO will hit the market on March 21, 2016 and will close on March 23, 2016. Price band for the issue will be Rs. 360-Rs.432.
| Company | INFIBEAM INCORPORATION LIMITED |
| Offer Period | Offer Opens : Monday, March 21, 2016
Offer Closes : Wednesday, March 23, 2016 |
| Price Band | Rs.360 – Rs.432 |
| Bid Lot | 34 shares |
| Issue Size : | Rs. 450 Crs |
| QIB | 75% of the Offer |
| NIB | 15% of the Offer |
| Retail | 10% of the Offer |
| Mode of Payment | ASBA Mandatory ( No Cheque will be accepted) |
| Registrar | Link Intime India Private Limited |
| Listing | NSE and BSE |
Brief Profile
Company Profile: Incorporated in June 2010, at Ahmedabad, Infibeam is one of India’s leading e-commerce
companies focused on developing an integrated and synergistic e-commerce model which enables the
company to provide comprehensive, multi-channel and multi-screen value added services to merchants.
o The company’s business operations are broadly divided as follows:
Infibeam BuildaBazaar(BaB) e-commerce marketplace: The Infibeam BaB marketplace
Infibeam.com e-retail site: Infibeam.com is one of the leading multi-category e-retailers in
provides cloud-based, modular and customizable digital solutions to enable merchants to
set up online storefronts. As of December 31, 2015, the BaB Marketplace had 48,724
registered merchants, increasing at a CAGR of approximately 273% from 350 registered
merchants as of March 31, 2012
India. As of December 2015, the e-retail business included more than 15 million SKUs of
products across 40 categories, 5000 registered merchants and 7.8 million active users. The
active user base has increased at a CAGR of approximately 29% from 3 million as of March
31, 2012
o The company’s sophisticated technology platform supports multiple channels and screens, including
mobile screens, and has enabled it to introduce application framework solutions including
customized e-commerce applications that enable near real time product tracking and supply chain
management
o The company has strategically launched their .ooo top level domain registry as part of its merchant
acquisition strategy
o The company has also set up a joint venture company with Sony Entertainment Limited to develop,
build and own software applications by offering downloading and streaming of licensed digital music
content.
Promoters: Mr. Ajit Mehta, Mrs. Jayashree Mehta, Mr. Vishal Mehta and Mr. Malav Mehta are the
promoters of the Company.
Key Customers: Through the BaB Marketplace, the Company has provided digital business solutions to
Unitech Amusement Parks Limited, Panasonic India Pvt. Ltd., Crossword Bookstores Limited, Spice Retail
Limited, Adlabs Entertainment Ltd., Gulf Oil Lubricants India Ltd., Hidesign India Pvt. Ltd., Eros Electricals
LLC, Axiom Telecom LLC & Mumbai International Airport Private Limited.
Logistics centres: As of December 31, 2015, the Company has 12 logistics centres across 11 cities in India
including Mumbai, Bengaluru, Delhi, Gurgaon, Kolkata, Hyderabad, Jaipur, Pune, Lucknow, Ahmedabad, &
Chennai.
In addition, the company has 6 warehouses located at Delhi, Gurgaon, Ahmedabad, Bengaluru, Mumbai &
Kolkata.
Key Strengths:
o Integrated e-commerce business model with a large merchant and customer base
o Advanced technology to support a diverse range of products and services and provide e-commerce
solutions on a scalable platform capable of implementing large transaction volumes with minimal
downtime
o Established Infibeam.com e-commerce brand, wide range of products and services, significant
customer reach, strong supply chain and inventory management capabilities, and cost-effective
fulfillment capabilities have enabled the company to establish successful e-retail operations in India
o Strong customer relationships with established brands and large enterprises
o Experienced management team and qualified and motivated workforce
Strictly Private & Confidential
Brief Financials (Restated Consolidated Financials – Rs. In Million)
Total Revenue 1,746.3 2,952.5 2,090.6 1,525.6 1,291.9
— Sale of Products-Traded 1,228.0 2,214.1 1,766.5 1,391.0 1,228.8
— Sale of Services 484.7 668.7 307.9 120.4 50.0
— Other Income 33.6 69.5 17.2 14.1 13.1
Profit/ (Loss) 62.2 (97.8) (268.9) (249.2) (108.2)
Total Debt
(LT + ST Borrowings)
H1FY16 FY15 FY14 FY13 FY12
49.0 49.5 86.0 427.1 553.42
Issue Details
Company plans to raise Rs.4,500 Mn from the market through an IPO towards funding of the following
objectives:
o Setting up of cloud data centre and purchase of property for shifting and setting up of registered
and corporate office of our Company;
o Setting up of 75 logistics centres;
o Purchase of software and;
o General Corporate Purposes
SBI Capital Markets Ltd. is the Left Lead and GCBRLM to the issue. Elara Capital (India) Pvt. Ltd. is the BRLM
to the issue
The Company proposes to open its Bid/Issue on Monday, March 21, 2016
The Price Band is fixed from Rs. 360/- to Rs. 432/- per Equity Share.
The Bid/Issue closes on Wednesday, March 23, 2016, for all bidders. The minimum Bid Lot is 34 Equity
Shares and in multiples of 34 Equity Shares thereafter.
(As given by company in its one pager)
CA Shafaly Girdharwal
CA
New Delhi, India
CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.
