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indiamart mart ipo

India Mart IPO

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 the 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.

Promoters of India Mart

Brijesh Agrawal and Dinesh Chandra Agarwal are the promoters of the company.

Strength of India Mart IPO

  1. One of the leading B2B e-Commerce Players in India.

  2. Expected growth in SME sector to significantly benefit IndiaMART.

  3. A robust two-way discovery marketplace connecting buyers and suppliers.

  4. Well-placed to cash in the opportunities in India’s wholesale market.

Weakness of India Mart IPO

  1. General demand slowdown for the types of products and services listed by the suppliers on IndiaMART online marketplace.

  2. Increasing competition from players like Tradeindia.com (4.3 mn users) and Alibaba India. Others include JustDial, Google, Industry Buying, Power2SME, Moglix and Bizongo.

IndiaMART InterMESH IPO Details

IPO Opens on: 24 June 2019

IPO Close on: 26 June 2019

Price Band: Rs 970 to Rs 973

Bid Lot: 15 Shares & in Multiple of 15 Shares

Maximum Price: Rs 973×15 = Rs14,595

Employee Discount: Rs 97/Share

IndiaMART InterMESH IPO Time Line

Finalisation of Allotment: 1 July 2019

Initiation of Refunds: 2 July 2019

Transfer of Shares to Demat Account: 2 July 2019

Listing At: NSE & BSE

Listing Date: 4 July 2019

Financial Performance of (in INR crore) IndiaMART InterMESH Limited

 

FY19

FY18

FY17

FY16

Total Assets (Mn)

8,207

5,427

2209

1907

Total Revenue (Mn)

5,074

4,105

3,177

2,542

 

FY19

FY18

FY17

FY16

Total Assets (Mn)

8,207

5,427

2209

1907

Total Revenue (Mn)

5,074

4,105

3,177

2,542

IndiaMART IPO Valuations

Face Aalue = Rs 10

Earnings Per Share (EPS) = Rs 20(Approx)

Return on Net Worth (RONW) = 17.04%

Net Asset Value = Rs 322.02/Share

IndiaMART InterMESH IPO Subscription Details

Category

Shares offered

Subscription (no. of times, at 6pm)

Day 1

Day 2

Day 3

QIB

1,463,359

0.76

1.05

30.83

NII

731,679

0.00

0.04

62.12

Retail

487,786

0.48

2.48

13.59

Employees

10,000

0.53

2.43

6.05

Total

2,692,824

0.50

1.04

36.12

 

Category

Shares offered

Subscription (no. of times, at 6pm)

Day 1

Day 2

Day 3

QIB

1,463,359

0.76

1.05

30.83

NII

731,679

0.00

0.04

62.12

Retail

487,786

0.48

2.48

13.59

Employees

10,000

0.53

2.43

6.05

Total

2,692,824

0.50

1.04

36.12

Grey Market Premium of India MART IPO

Day by Day with Kostak Rates

Grey market premium as on 02-07-2019 is ₹150-160, Kostak ₹200 & Subject to Sauda is ₹2000

Grey market premium as on 01-07-2019 is ₹150-160, Kostak ₹200 & Subject to Sauda is ₹2000

Grey market premium as on 30-06-2019 is ₹150-160, Kostak ₹200 & Subject to Sauda is ₹2000

Grey market premium as on 29-06-2019 is ₹150-160, Kostak ₹200 & Subject to Sauda is ₹2000

Grey market premium as on 28-06-2019 is ₹150-160, Kostak ₹200 & Subject to Sauda is ₹2000

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