Infra.Market gets Sebi approval for Rs 5,000-crore IPO

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Infra.Market, an online marketplace for construction materials, has received a greenlight from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). The Tiger Global and Accel-backed company had confidentially filed for a Rs 5,000-crore issue in October.

The proposed IPO will be evenly divided between a fresh share issuance and an offer for sale (OFS) by existing shareholders. The issue is being managed by investment banks, including Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities,…



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Infra.Market gets Sebi approval for Rs 5,000-crore IPO



Infra.Market, an online marketplace for construction materials, has received a greenlight from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). The Tiger Global and Accel-backed company had confidentially filed for a Rs 5,000-crore issue in October.

The proposed IPO will be evenly divided between a fresh share issuance and an offer for sale (OFS) by existing shareholders. The issue is being managed by investment banks, including Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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