Indiamart board nods floor price of Rs9065.61 per share aggregating Rs1,070cr to eligible QIBs; stock gains 1%

The QIP issue opened on February 17, 2021, and closed on February 22, 2021.

Feb 23, 2021 10:02 IST India Infoline News Service

IndiaMart
Indiamart Intermesh Limited updated the exchanges Monday about the allotment of equity shares of the face value of Rs10 each by the company to qualified institutional buyers (QlBs) under-qualified institutions placement (QIP).

The Fund Raise Committee of the Board, at its meeting held on Monday, has considered and approved the allotment of Equity Shares at a price of Rs8,615 per equity share (including a premium of Rs8,605 per equity share, which takes into account a discount of 4.97%, to the floor price of Rs9065.61 per equity share, aggregating to over Rs1,070cr to successful eligible QIBs.
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The QIP issue opened on February 17, 2021 and closed on February 22, 2021. Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased from Rs29.12cr divided into ~2.9cr equity shares of Rs10 each to Rs30.36cr divided into 3.04cr equity shares on Rs10 each.

At around 10.05 am, Indiamart Intermesh Ltd was trading at Rs8931.20 per piece up Rs115.00 or 1.30% from its previous closing of Rs8,816.20 per piece on the BSE.

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