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Info Edge (India) Limited, a leading provider of online recruitment and matrimonial classifieds and related services in India, proposes to enter the capital market on 30th October 2006 with an IPO of 5,323,851 equity shares of Rs.10/- each through 100% book building process. The price band has been fixed at
Rs. 290 to Rs.320 per equity share. The issue closes on 2nd November 2006. The issue will constitute 19.50% of the fully diluted post issue paid-up equity capital of the company. ICICI Securities Ltd. and Citigroup Global Markets India Pvt. Ltd. are the BRLM’s for the issue and Intime Spectrum Registry Ltd. is the registrar to the Issue.
After allowing for reservation of 532,385 equity shares for employees, the net issue to the public will be 4,791,466 equity shares. At least 60% of the net issue will be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”). 5% of the QIB portion shall be available for allocation to Mutual Funds only and the remaining QIB portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds. If at least 60% of the Net Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, up to 10% of the net issue will be available for allocation on a proportionate basis to Non Institutional Bidders and up to 30% of the net issue will be available for allocation on a proportionate basis to Retail individual bidders, subject to valid bids being received at or above the issue price. The equity shares are proposed to be listed on BSE and NSE.
The Company generated total income of Rs. 840.59 million for the Fiscal year ended March 31, 2006 as against Rs 451.18 million for FY 2005. The PAT during the same period touched Rs 132.91 million as against Rs 3.10 million respectively. The total income was Rs. 293.23 million for the three months ended June 30, 2006 and PAT during the same period was Rs. 52.23 million. Currently, a substantial portion of its total income as well as net profit is derived from online recruitment classifieds and related services division.
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