Ok, so India’s first pure play dotcom IPO is round the corner. Info Edge, which owns market leading jobs portal Naukri.com, matrimonial site Jeevansathi.com and a property web upstart 99acres.com, has filed its draft IPO prospectus with Securities Exchange Board of India.
Business Standard reports that the IPO would raise Rs 130 crore and would seek to have a public holding of 20 per cent. The total number of shares issued will be 54,59,054 shares at a face value of Rs 10 through book building route. The company is also looking at selling 21,83,60 shares on offer through a pre-IPO placement.
Existing investors in Info Edge are not offering their shares in the IPO but after the issue the stake of promoters will come down to 58.1% from 78.6% while the share of ICICI Venture in the company will drop to 7.9% from 9.8%. ICICI Securities and Citigroup Global Markets will manage the issue.
Draft prospectus is here (pdf file: 249 pages)
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