Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
IPO News

| More

Next Orbit Ventures invests 115 crores in Infibeam IPO

Posted On: 2016-04-09 21:02:47

The Rs 450-crore initial public offer (IPO) of Infibeam Incorporation has received 115 crore investment from Next Orbit Ventures, a Mumbai based venture capital firm. With the investment the VC firm owns around 5% of the e-commerce company. The amount has been invested from the first $140 million (Rs. 700 crore) fund of the venture capital firm.

Showcasing confidence on the minority stake picked by the company, Mr. Ajay Jalan, Founder and managing Partner of Next orbit Ventures said, "When other online-retail companies in the market are making losses, we are very confident about our investment on a company which is ready to IPO and will be making profits in next 6 months."

Infibeam Incorporation, the first e-commerce company to raise capital through an IPO, had set Rs 360-432 per share price band for the IPO. The proceeds of the IPO will be utilised for expansion of business, which includes setting up a cloud data center, setting up 75 additional logistics centres, purchase of software and purchase of property for shifting of the registered and corporate offices of the company.

Next Orbit Ventures is a Mumbai-based venture capital firm founded by Ajay Jalan. Launched in 2013, from its first $ 140 Mn (Rs. 700 crore) Fund, Next Orbit Ventures has been making investments in MSME companies in Consumer products & Services and Internet & Technology support services that will create the demand for the chips in India. The company has recently launched their second fund of USD 750 million (Rs. 5000 crore), which will be invested in the ESDM sector, including Electronic Components (Semiconductor & Active), Electronic Products (IOT / Solar / LED / Health Care), Semiconductor Design Services and Electronic Manufacturing Services.

Next Orbit lists its investments on SEBI promoted Institutional trading platform (ITP) of BSE/NSE for improving visibility, governance standards, liquidity & exits of its portfolio companies, which is the biggest challenge for the VC/PE investments in India. Also there has been robust growth of NOV's fund AUM on the ITP platform i.e. 3.56X in two years.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Hindustan Aeronautics Ltd to list on March 28, 2018
Expectations high on listing of Bandhan Bank shares tomorrow
Mishra Dhatu Nigam Limited IPO receives subscription of 1.21 times
Lemon Tree Hotels Limited - IPO Note - Angel Broking
Mishra Dhatu Nigam Ltd - IPO Note - Sushil Finance
ICICI Securities Ltd - IPO Note - Sushil Finance
Lemon Tree Hotels Ltd - IPO Note - Sushil Finance
Mishra Dhatu Nigam Ltd - IPO Note - Angel Broking
Mishra Dhatu Nigam Ltd - IPO Note - Avoid - Hem Securities
ICICI Securities Ltd - IPO Note - SSJ Finance & Securities
Mishra Dhatu Nigam Ltd - IPO Note - Subscribe - SSJ Finance & Securities
IPO Note: MISHRA DHATU NIGAM LTD - NOT RATED - Kotak
IPO Note: ICICI Securities Ltd - SUBSCRIBE - Kotak
IPO: Mishra Dhatu Nigam Ltd - IIFL
Sandhar Technologies Limited - IPO Note - Angel Broking
Hindustan Aeronautics LTD - IPO Note - HEM Securities
ICICI Securities IPO to open for subscription on Mar 22, 2018
IPO Note: Sandhar Technologies Ltd - SUBSCRIBE - Kotak
IPO Note: Hindustan Aeronautics Ltd - SUBSCRIBE - Kotak
Bandhan Bank Ltd - IPO Note - Subscribe - HEM Securities
HDFC Asset Management Company Ltd files DRHP for IPO
Bandhan Bank Ltd - IPO Note - Subscribe - SSJ Finance
Bandhan Bank Limited - IPO Note - Angel Broking
IPO of ICICI Securities Ltd to open on March 22, 2018
Bharat Dynamics Ltd - IPO Note - SUBSCRIBE - Kotak
Bharat Dynamics Ltd - SUBSCRIBE - IPO Report - HEM SECURITIES
Bandhan Bank Ltd - IPO NOTE - Arihant Capital Markets
Bharat Dynamics Ltd - SUBSCRIBE - IPO Note - SSJ Finance
Bharat Dynamics Ltd - IPO Note - Angel Broking
Sarveshwar Foods Limited - IPO NOTE - Arihant Capital Markets
H.G. Infra Engineering Ltd - AVOID - IPO Update - SSJ Finance
HG Infra Engineering - IPO Note - Angel Broking
IPO Note - Aster DM Healthcare Ltd - Avoid - By SSJ Finance & Securities
Galaxy Surfactants Ltd - IPO Note - SUBSCRIBE - SSJ Finance & Securities
Shalby Limited - IPO Note - Angel Broking
Future Supply Chain Solutions Ltd - IPO Note - Angel Broking
HDFC Asset Management Company Limited to file for IPO
Reliance General Insurance receives final observations from SEBI for IPO
Srei Equipment Finance Ltd files DRHP for IPO
Future Supply Chain Solutions Ltd IPO to open for subscription on Dec 6, 2017
New India Assurance Co Ltd - IPO Note - CSEC Research
Khadim India Ltd - IPO Note - Angel Broking
The New India Assurance Company Ltd - IPO Note - Angel Broking
Mahindra Logistics Limited - IPO Note - Angel Broking
IPO of The New India Assurance Company Ltd. opens on November 01, 2017
Reliance Nippon Life Asset Management Ltd - IPO Note - Angel Broking
Srei Equipment Finance Ltd approves IPO
Price band for Mahindra Logistics Limited's IPO fixed
Indian Energy Exchange to list on Oct 23, 2017
Mahindra Logistics Limited IPO to open for subscription on Oct 31, 2017


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018