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Info Edge India Ltd, owner of job portal Naukri.com will be listing on Tuesday as its founder Sanjeev Bikhchandani rings the opening bell at the Bombay Stock Exchange. The listing price (the share allocation price) is Rs 320, which is the higher end of the band (Rs 290-320). The shares will be traded on both BSE and National Stock Exchange.
Info Edge, which also owns Jeevansathi.com and 99acres.com was oversubscribed 55 times. With the listing, the company has raised Rs 174 crore (Rs 1.74 billion).
The issue constituted 19.50 per cent of the fully-diluted post issue paid-up capital of the company. The market cap at Rs 320 a share will be about Rs 900 crore (Rs 9 billion). ICICI Securities and Citigroup Global Markets India were the lead managers for the issue, while Intime Spectrum Registry was the registrar.