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Update:
India Infoline IPO oversubscribed 7.34 times 
PRESS RELEASE
13 April, 2005: India Infoline Limited, one of the leading retail investment advisory and intermediary
companies has announced its IPO.
India Infoline was initially started as a
dotcom, and it was one of the few who managed to
stay afloat during the dotcom bust. Later it
launched 5paisa.com and expanded into
brick-and-mortar operations.
The company has fixed a price band between Rs.70 and Rs.80 for its
public Issue of 11,878,138 equity shares of face value of Rs.10/- each at a price to be determined through 100%
book building route to finance its expansion plans.
The public issue is slated to open for bids on April 21, 2005 and close
on April 27, 2005.
Out of the present Issue, 878,138 Equity Shares are reserved for allotment to employees of the
India Infoline and out of the balance, at least 50% i.e. 5,500,000 shares are reserved for allocation to Qualified Institutional Buyers (QIBs) on discretionary basis, 25% i.e. 2,750,000 shares are reserved for allocation to Non Institutional Bidders and 25% i.e. 2,750,000 shares are reserved for Retail Individual Bidders both on proportionate basis.
India Infoline carries out the business of broking, distribution of personal finance products including mutual funds, fixed deposits, government bonds etc., corporate agency of life insurance and commodities broking through its separate wholly owned subsidiaries.
Promoted by Mr. Nirmal Jain and Mr. R Venkataraman, India Infoline has a retail branch network of 73 branches at 36 locations across India and proposes to set up an additional 77 branches in 50 cities across India to have a network of 150 branches to further strengthen its geographic reach.
Enam Financial Consultants Private Limited is the Sole Book Running Lead Manager to the issue.
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