The company is one of India’s leading e-commerce setups. They own and operate the Infibeam BuildaBazaar (BaB) e-commerce marketplace, which provides cloud-based, modular and customizable digital solutions and other value added services to enable merchants to set up online storefronts. As part of the integrated e-commerce ecosystem, the company also operates Infibeam.com, one of India’s leading multi-category e-retail website.
The company had a price band of Rs. 360 – Rs. 432 per share. After making a premium debut the stock today closed at 443.70 per share or down 1.64%.
We covered the Infibeam IPO here, today we cover the stake sale by Nomura Singapore.
As per the shareholding on the day of listing, Nomura held 3,008,921 shares or 5.67% sold 884,284 shares or 1.67% to bring its shareholding down to 2,124,637 shares or 4%.
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