Info Edge to launch IPO for funding expansion

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Info Edge (India), owner of job portal Naukri.com, is coming out with an initial public offer, IPO to raise funds to develop alternate delivery models, expansion and acquisition purposes, reports The Economic Times.

The company has filed a red herring prospectus with the registrar of companies, ROC for a public offer through a 100% book building issue, a company statement said.

The public offer would consist of 53.23 lakh equity shares of Rs 10 each. The issue comprises reservation of 5.32 lakh equity shares for subscription by the employees of the company and a net issue to the public of 47.91 lakh equity shares, while the issue would constitute 19.50% of the fully diluted post issue paid-up capital of the company.

ICICI Securities and Citigroup Global Markets India Private Limited are the book running lead managers, BRLM to the issue and Intime Spectrum Registry is the registrar to the issue.