INDIAMART INTERMESH IPO is an online B2B marketplace to deal with business products and services and is all set to make a debut in the stock market with an issue size of 475.59 Cr.
INDIAMART INTERMESH IPO – Overview
| IPO Issue Date | 24-26 June 2019 |
| IPO Opening Date | 24 June 2019 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 973 per share |
| IPO Lot Size | 15 Shares |
| Issue Size | 475.59 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 30.83 times |
| NII (HNI) Shares | 62.13 times |
| Company Promoters | Brijesh Agrawal and Dinesh Chandra Agarwal are the promoters of the company. |
INDIAMART INTERMESH IPO -Tentative Dates
| IPO opening date | 24 June 2019 |
| IPO closing date | 26 June 2019 |
| Basis of Allotment | 1 July 2019 |
| Initiation of Refunds | 2 July 2019 |
| The credit of Shares to Demat | 3 July 2019 |
| IPO Listing Date | 4 July 2019 |
Industry Overview.
Digital continues to power ad spend growth and stands at INR 93 billion at the end of 2017 growing at 27 percent over 2016. It is forecasted to grow to INR 116 billion by 2018 and continue growing at around 30% for the next 2-3 years.
INDIAMART INTERMESH IPO- Company Overview
IndiaMART InterMESH Limited is an online B2B marketplace to deal with business products and services. It is an online platform for business buyers to connect with suppliers of products and services. As on 31st March 2018, the company had 4.72 million supplier storefronts with listed 50.13 million products and 59.81 million registered buyers.
The buyers can place business enquiries by visiting suppliers (both small and medium) online at this marketplace and explore the product and services listing offered by the suppliers. The company offers products and services across 52 industries and this marketplace is accessible through desktop and mobile platforms.
INDIAMART INTERMESH IPO-Objectives
- To achieve the benefit of listing equity shares on the Stock Exchanges.
- For the sale of an aggregate of up to 4,288,801 equity shares by the selling shareholders.
INDIAMART INTERMESH IPO- Financial Statements
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 935.85 | 580.31 | 486.89 |
| Total Revenue | 1,177.94 | 837.56 | 656.29 |
| Profit After Tax | 166.79 | 88.31 | 3.30 |
INDIAMART INTERMESH IPO- Strengths
- One of the leading B2B e-Commerce Players in India.
- Expected growth in SME sector to significantly benefit IndiaMART.
- A robust two-way discovery marketplace connecting buyers and suppliers.
- Well-placed to cash in the opportunities in India’s wholesale market.
INDIAMART INTERMESH IPO- Weakness
- General demand slowdown for the types of products and services listed by the suppliers on IndiaMART online marketplace.
- Increasing competition from players like Tradeindia.com (4.3 mn users) and Alibaba India. Others include JustDial, Google, Industry Buying, Power2SME, Moglix and Bizongo.
Company Contact Information
IndiaMART InterMESH Limited
1st Floor, 29 Daryaganj,
Netaji Subhash Marg,
New Delhi 110 002, India
Phone: (+91) (11) 3027 2100
Email: cs@indiamart.com
Website: https://www.indiamart.com/
IndiaMart IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: indiamart.ipo@linkintime.co.in
Website: https://linkintime.co.in/
