IndiaMART InterMESH was incorporated on September 13, 1999. The company India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017, according to the KPMG Report.
| Bidding Dates |
|---|
| 24 Jun 2019 - 26 Jun 2019 |
| Subscription |
|---|
| 36.21x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,595 | 1 | 13 | 15 | 4.9 M | ₹970 - ₹973 | 83.01 % | ₹4741.2 M - ₹4755.9 M | RHP DOC |
IndiaMART InterMESH IPO SUBSCRIPTION STATUS
26 Jun '19IndiaMART InterMESH IPO overall subscription rate was 36.21 times the total available shares
IndiaMART InterMESH IPO retail subscription rate was 14.07 times in the retail segment
IndiaMART InterMESH IPO non-institutional investor subscription rate was 62.13 times in the non-institutional investor category
IndiaMART InterMESH IPO Qualified Institutional Bidder subscription rate was 30.83 times the available shares for Qualified Institutional Bidder
IndiaMART InterMESH IPO Employees subscription rate was 6.06 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
25 Jun 2019 (Day 2) | 2.48x | 0.04x | 1.05x | 2.43x |
26 Jun 2019 (Day 3) | 14.07x | 62.13x | 30.83x | 6.06x |
24 Jun 2019 (Day 1) | 0.49x | 0.01x | 0.76x | 0.53x |
IndiaMART InterMESH FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| FY19 | 125.9 | 4,972.8 | 2,587.3 | 2,538.3 | 16.0% |
| FY18 | -724.4 | 4,035.5 | 1,829.4 | 1,808.2 | 11.0% |
| FY17 | -131.0 | 3,086.3 | 587.6 | 558.8 | -17.0% |
IndiaMART InterMESH IPO SUBSCRIPTION STATUS DETAILS
IndiaMART InterMESH had 4.9 M shares on offer
IndiaMART InterMESH IPO offer price was in the range ₹970 - ₹973
IndiaMART InterMESH IPO minimum Investment was ₹14595
IndiaMART InterMESH IPO issue size was ₹ 4741.2 M - ₹ 4755.9 M
IndiaMART InterMESH had a minimum lot size of 15 Shares per application
IndiaMART InterMESH NUMBER OF SHARES ON OFFER
IndiaMART InterMESH IPO IMPORTANT DATES
| Issue Open Date | 24 Jun 2019 |
| Issue close Date | 26 Jun 2019 |
| Allotment Date | 01 Jul 2019 |
| Refund Date | 02 Jul 2019 |
| Demat Account Credit Date | 03 Jul 2019 |
| Listing Date | 04 Jul 2019 |
| Listing on Exchange(s) | NSE and BSE |
| IndiaMART InterMESH Allotment Status | Exchange |
IndiaMART InterMESH IPO subscription opened on 24 Jun 2019, and closed on 26 Jun 2019
IPO allotment for IndiaMART InterMESH was finalized on Monday, 01 Jul 2019
IPO listing for IndiaMART InterMESH was on NSE and BSE on Thursday, 04 Jul 2019
IndiaMART InterMESH IPO LISTING GAINS
| Issue Price (adjusted) | 486.5 |
| Listing Open Price | 1180.0 |
| Listing Close Price | 1302.5 |
| Listing Gain% | 21.3% |
| Current Gain% | 268.9% |
IndiaMART InterMESH Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IndiaMART InterMESH Ltd. | 1794.6 | 5163.9 | 21.9 | -1.3 | 6.7 | 19.8 | 10.3 | 1773.1 | 6.8 | 474.7 | -13.8 | 82 | -16.4 |
| Eternal Ltd. | 314 | 302972.8 | 699.7 | 15.6 | 4.5 | 1.2 | 0.9 | 55760 | 161.5 | 366 | -30.6 | 0.4 | 44.8 |
| FSN E-Commerce Ventures Ltd. | 326.3 | 93456 | 364.9 | 1.7 | 8.8 | 13.9 | 4.3 | 10055.1 | 26.1 | 199.4 | 201.8 | 0.9 | 221.1 |
| Meesho Ltd. | 191.6 | 88569.1 | -73.7 | 6.4 | -31 | -17.2 | 13099.1 | 32.3 | -1357.7 | 65.6 | -2.6 | ||
| Info Edge (India) Ltd. | 1348.3 | 87426.5 | 54.7 | 1 | 25.9 | 3.8 | 3 | 4343.3 | 10.7 | 1449.8 | 50.7 | 24.7 | 56 |
| Swiggy Ltd. | 278.6 | 76916.1 | -20.5 | 16.8 | 3.1 | -22.7 | -16.4 | 23561 | 50.8 | -4154 | -33.3 | -13.6 | -1.2 |
IndiaMART InterMESH INFORMATION ON IPO ISSUE
About IndiaMART InterMESH
IndiaMART InterMESH was incorporated on September 13, 1999. The company India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017, according to the KPMG Report.
Object of the Issue
- To achieve the benefit of listing the equity shares on the stock exchanges
- For the sale of an aggregate of up to 4,288,801 equity shares by the selling shareholders
IndiaMART InterMESH - PROMOTERS
| Name |
|---|
| Brijesh Agrawal |
| Dinesh Chandra Agarwal |
IndiaMART InterMESH Book Running Lead Manager
ICICI Securities Limited
indiamart.ipo@icicisecurities.com
Edelweiss Financial Services Limited
indiamart.ipo@edelweissfin.com
Jefferies India Private Limited
INDIAMART.IPO@jefferies.com
IndiaMART InterMESH Registrar to the Offer
Link Intime India Private Limited
indiamart.ipo@linkintime.co.in
IndiaMART InterMESH Strengths
Brand recognition
IndiaMART’s strong network effects and brand recognition drives leadership in the B2B marketplace in India.
Efficient and effective marketing platform
The company's service offerings are well-suited to the needs of suppliers seeking to search newer markets in an effective and economical platform to market their products and services
Deep understanding
The company has a deep understanding of online trade and commerce in India that drives innovative solutions
IndiaMART InterMESH Risks
Operating losses
The company has incurred significant operating losses in the past and may not be able to improve its financial position or generate sufficient revenue to achieve a positive net worth
Dependent on one product
The company earns most of its revenue from Indian suppliers purchasing paid services on IndiaMART
IPO FAQs
IndiaMART InterMESH Ltd. IPO listing opened at Rs 1180.00 while the issue price was Rs 973.00 giving 21.27% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 486.50 giving 268.88% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 475.6 crore, of 4,887,862 shares.
The promoters of the company are Brijesh Agrawal and Dinesh Chandra Agarwal.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 970.0 - 973.0.
The IPO application opens on Jun 24, 2019 and closes on Jun 26, 2019.
The minimum lot size for the IPO is 15. The maximum lot size for the IPO is 195.
For all category investors, the minimum application amount for this IPO is Rs. 14,595.0, the maximum value for this IPO is Rs 189,735.0.
This IPO will be allotted on Jul 01, 2019.
The refund will be credited to your account on Jul 02, 2019.
The allotted shares will be credited to your demat on Jul 03, 2019.
IndiaMART InterMESH Ltd.’s shares listed on the stock exchanges on Jul 04, 2019.