IndiaMart InterMesh Limited (“Company”) proposes to open IPO on June 24 and close on June 26, 2019, with a price band of Rs970-973 per equity share of the face value of Rs.10 each of the Company (the “Equity Shares”).
The Anchor Investor Bid/Issue Period shall be Friday, June 21, 2019 being one working day prior to the Issue opening date.
Initial Public Offering of up to 48.87 lakh equity shares of face value of Rs10 each of Indiamart Intermesh Limited (“Indiamart” or “Company” or the “Issuer”), through an Offer for Sale of (a) up to 25.90 lakh equity shares by Intel Capital (Mauritius) Limited; up to 2.5 lakh equity shares by Amadeus IV DPF Limited and up to 4.75 lakh equity shares by Accion Frontier Inclusion Mauritius (together, the “Investor Selling Shareholders”), (b) up to 852,453 Equity Shares by Dinesh Chandra Agarwal and up to 577,656 Equity Shares by Brijesh Kumar Agrawal (together, the “Promoter Selling Shareholders”) and (c) up to an aggregate of 137,000 Equity Shares by the other selling shareholders (as defined hereinafter) collectively, the “Selling Shareholders”). The offer includes a reservation for subscription by eligible employees of 10,000 equity shares (as defined hereinafter), (which shall not exceed 5% of the post-offer equity share capital of our company) (the “Employee Reservation Portion”).
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.
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.