IndiaMART IPO subscribed 12% on Day 1

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

Jun 24, 2019 09:06 IST India Infoline News Service

IndiaMart InterMesh Limited (“Company”) was subscribed 12% in the afternoon trade on day 1 of the bidding process. 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, at the upper limit of the price band Rs970-973.

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 will not receive any proceeds from the Offer and the entire proceeds from the Offer will go to the Selling Shareholders, in proportion to the Equity Shares offered and sold by the respective Selling Shareholder in the Offer for Sale.

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