IndiaMart InterMesh to list today

The IPO was subscribed 36.21 times on the last day.

Jul 04, 2019 09:07 IST India Infoline News Service

Stock Exchange
IndiaMart InterMesh Limited (“Company”) will be listed on the stock bourses on Thursday.

The initial public offer (IPO) of IndiaMart InterMesh received bids for 9.74 crore shares, as per NSE data showed. The IPO was subscribed 36.21 times on the last day.

The qualified institutional buyers (QIBs) category was subscribed 30.83 times. The non-institutional investor's category was subscribed 62.13 times. The retail individual investors (RIIs) category was subscribed 14.07 times.

The price band for the issue was Rs970 to Rs973 per share.

ICICI Securities Limited, Edelweiss Financial Services Limited and Jefferies India Private Limited are the Book Running Lead Manager (“BRLMs”) to the Offer.

The equity shares of IndiaMart InterMesh Limited are proposed to be listed on BSE and the NSE.

The company has raised Rs213cr by allotting 21,95,038 equity shares to 15 anchor investors, including ICICI Mutual Fund, HDFC Mutual Fund and SBI Mutual Fund.

Trading Members of the Exchange are hereby informed that effective from July 04, 2019, the equity shares of IndiaMART InterMESH Ltd (Scrip Code: 542726) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities, as per BSE filing. 

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