Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
IMS Mercantiles Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 8, 2025.
IMS Mercantiles Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Share India Capital Services Pvt.Ltd. was the book running lead manager and MAS Services Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 3, 2024 |
| Offer document withdrawn | Thu, May 8, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in August 2003, IMS Mercantiles Limited offers a diverse range of products, including photographic accessories, LED lights, tripods, mobile phone accessories, microphones, filters, batteries, and chargers, with over 600 SKUS from 5+ brands.
The company has two brands,Digitek and Envie, offering diverse products for various customer needs.
The company has logistic offices in 3 states, i.e Delhi, Mumbai & Kolkata.
The company sells its products through online stores such as Jio Mart, Amazon & Flipkart.
As of October 20, 2024, the company had 138 employees across various departments, each contributing to our operations and achievements.
Competitive Strength:
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 75.11 | 64.12 | 56.96 | 50.24 |
| Total Income | 67.43 | 177.19 | 135.47 | 128.23 |
| Profit After Tax | 4.45 | 10.07 | 4.84 | 4.83 |
| NET Worth | 39.60 | 32.23 | 22.16 | 17.32 |
| Reserves and Surplus | 23.85 | 30.03 | 19.96 | 15.12 |
| Total Borrowing | 20.08 | 20.52 | 22.08 | 19.86 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital expenditure for new store setups | 6.13 |
| 2 | Funding working capital requirements of the Company | 31.20 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 37.02% |
| ROCE | 30.83% |
| Debt/Equity | 0.63 |
| RoNW | 37.02% |
| PAT Margin | 6.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.75% |
Lead Manager Reports
IMS Mercantiles IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The IMS Mercantiles IPO open and close dates are not available as of now.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in IMS Mercantiles IPO using UPI as a payment gateway. Zerodha customers can apply in IMS Mercantiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IMS Mercantiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IMS Mercantiles IPO dates are not announced. Please check back again after some time.
IMS Mercantiles IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in IMS Mercantiles IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for IMS Mercantiles IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the IMS Mercantiles IPO allotment status.
The IMS Mercantiles IPO listing date is not yet announced. The tentative date of listing is .
