Object of the Issue The Company proposes to utilise the Net Proceeds from the Issue towards funding of the following objects: Setting up of cloud data centre and purchase of property for shifting of the registered and corporate offices of the Company Setting up of 75 logistics centres; Purchase of software; and General corporate purposes. Issue Highlights Issue opens : Monday, March 21, 2016 Issue closes : Wednesday, March 23, 2016 Price Band : Rs. 360 – Rs. 432 Bid Lot : 34 Equity Shares & in multiples thereafter Face Value : Rs.10/- Issue Size : Rs. 450 Crs. Listing : BSE and NSE Payment : Compulsorily ASBA Mode Industry : E Commerce Registrar : Link Intime India Private Limited More details: https://www.chittorgarh.com/ipo/infibeam_ipo/532/ What's your thoughts guys?
For raising funds to carry out different operational activities a firm launches it Initial Public Offering in the market. For further raising funds FPO's are also issued.