Bookbuilding IPO | ₹475 Cr | Listed at BSE, NSE | Mon, Jun 24, 2019 - Wed, Jun 26, 2019
IndiaMART InterMESH IPO is a book build issue of ₹475.49 crores. The issue is entirely an offer for sale of 0.49 crore shares of ₹475.49 crore.
IndiaMART InterMESH IPO bidding started from Jun 24, 2019 and ended on Jun 26, 2019. The allotment for IndiaMART InterMESH IPO was finalized on Jul 1, 2019. The shares got listed on BSE, NSE on Jul 4, 2019.
IndiaMART InterMESH IPO price band is set at ₹973 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹14,595 (15 shares) (based on upper price). The lot size investment for sNII is 14 lots (210 shares), amounting to ₹2,04,330, and for bNII, it is 69 lots (1,035 shares), amounting to ₹10,07,055.
The issue includes a reservation of up to 10,000 shares for employees offered at a discount of ₹97.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to IndiaMART InterMESH IPO RHP for detailed Information.
IPO Open
Mon, Jun 24, 2019
IPO Close
Wed, Jun 26, 2019
Issue Price
₹973 per share
Market Cap (Pre-IPO)
₹2,799.79 Cr
| IPO Date | 24 to 26 Jun, 2019 |
| Listed on | Thu, Jul 4, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹970 to ₹973 |
| Issue Price | ₹973 per share |
| Lot Size | 15 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹97.00 |
| Total Issue Size | 48,87,862 shares (agg. up to ₹475 Cr) |
| Offer for Sale | 48,87,862 shares of ₹10 (agg. up to ₹475 Cr) |
| Share Holding Pre Issue | 2,87,74,820 shares |
| Share Holding Post Issue | 2,87,74,820 shares |
| BSE Script Code / NSE Symbol | 542726 / INDIAMART |
| ISIN | INE933S01016 |
IndiaMART InterMESH IPO comprises a total issue size of 48,87,862 shares. The net offer to the public is 48,77,862 shares, after excluding 10,000 shares under a preferential allotment. Of the Net offer 36,58,397 (75.00%) are allocated to QIB, 7,31,679 (15.00%) allocated to NII 4,87,786 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 36,58,397 | 75.00% | 74.85% | NA |
| − Anchor Investor Shares Offered | 21,95,038 | 44.91% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 14,63,359 | 29.94% | NA | |
| NII (HNI) Shares Offered | 7,31,679 | 15.00% | 14.97% | NA |
| Retail Shares Offered | 4,87,786 | 10.00% | 9.98% | 32,519 |
| Preferential Reservations | ||||
| Employee Shares Offered | 10,000 | 0.20% | NA | |
| Total Shares Offered | 48,87,862 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,595 |
| Retail (Max) | 13 | 195 | ₹1,89,735 |
| S-HNI (Min) | 14 | 210 | ₹2,04,330 |
| S-HNI (Max) | 68 | 1,020 | ₹9,92,460 |
| B-HNI (Min) | 69 | 1,035 | ₹10,07,055 |
IndiaMART InterMESH IPO raises ₹213.58 crore from anchor investors. IndiaMART InterMESH IPO Anchor bid date is June 21, 2019.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 21, 2019 |
| Shares Offered | 21,95,038 |
| Anchor Portion (₹ Cr.) | 213.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 31, 2019 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 29, 2019 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1999, IndiaMART InterMESH Limited is an online B2B marketplace to deal with business products and services. It is an online platform for business buyers to connect with suppliers of the products and services. As on 31st March 2018, the company had 4.72 million supplier storefronts with listed 50.13 million products and 59.81 million registered buyers.
The buyers can place business enquiry by visiting suppliers (both small and medium) online at this marketplace and explore the product and services listing offered by the suppliers. The company offers product and services across 52 industries and this marketplace is accessible through desktop and mobile platforms.
The company earns revenue primarily by selling the subscription packages which are available for a month, year and multi-year. This package offers the following benefits to the suppliers:
1. Listing of the supplier storefronts on online marketplace based on priority,
2. Access to lead management system,
3. Integrated access to a 3rd party online payment gateway, and
4. Access to RFQs or buy leads
In addition, the company also generates revenue by advertising, sale of RFQ credits and payment facilitation service.
Key Strength of India Mart
1. One of the leading B2B e-Commerce Players in India.
2. Expected growth in SME sector to significantly benefit IndiaMART.
3. A robust two-way discovery marketplace connecting buyers and suppliers.
4. Well-placed to cash in the opportunities in India's wholesale market.
India Mart IPO - Key Risks
1. General demand slowdown for the types of products and services listed by the suppliers on IndiaMART online marketplace.
2. Increasing competition from players like Tradeindia.com (4.3 mn users) and Alibaba India. Others include JustDial, Google, Industry Buying, Power2SME, Moglix and Bizongo.
Competitive strengths
1. Strong network
2. A large number of listing of product and service
3. Diverse industry categories
4. PAN India presence
5. Subscription packages and subscription-free services
6. A cost-effective platform
7. Robust mobile platform
| Period Ended |
|---|
| Amount in ₹ Crore |
The IndiaMart IPO is subscribed 36.21 times on June 26, 2019 7:00:00 PM (Day 3). The public issue subscribed 14.07 times in the retail category, 30.83 times in the QIB category, and 62.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 30.83 | 14,63,359 | 4,51,16,550 |
| NII | 62.13 | 7,31,679 | 4,54,55,865 |
| Retail | 14.07 | 4,87,786 | 68,63,670 |
| Employee | 6.06 | 10,000 | 60,615 |
| Total | 36.21 | 26,92,824 | 9,74,96,700 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 18.59 |
| 2 | Advertising and marketing expenses | 2.97 |
| 3 | Fees payable to the Registrar to the Offer | 0.42 |
| 4 | Brokerage and selling commission payable to SCSBs, Registered Brokers, CRTAs and CDPs, as applicable | 0.66 |
| 5 | Processing fees to SCSBs and to the Sponsor Banks for ASBA Forms procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs or procured by Registered Brokers, CRTAs or CDPs and submitted with the SCSBs | 0.71 |
| 6 | Others (listing fees, legal fees, fees payable to the Bankers to the Offer, etc.) | 11.99 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹973.00 | ₹973.00 |
| Open | ₹1,180.00 | ₹1,180.00 |
| Low | ₹1,180.00 | ₹1,180.00 |
| High | ₹1,339.00 | ₹1,338.00 |
| Last Trade | ₹1,302.55 | ₹1,301.95 |
IndiaMART InterMESH IPO is a main-board IPO of 48,87,862 equity shares of the face value of ₹10 aggregating up to ₹475 Crores. The issue is priced at ₹973 per share. The minimum order quantity is 15.
The IPO opens on Mon, Jun 24, 2019, and closes on Wed, Jun 26, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in IndiaMART InterMESH IPO using UPI as a payment gateway. Zerodha customers can apply in IndiaMART InterMESH IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IndiaMART InterMESH IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IndiaMART InterMESH IPO opens on Mon, Jun 24, 2019 and closes on Wed, Jun 26, 2019.
IndiaMART InterMESH IPO lot size is 15, and the minimum amount required for application is ₹14,595.
You can apply in IndiaMART InterMESH 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 IndiaMART InterMESH IPO will be done on Monday, July 1, 2019, and the allotted shares will be credited to your demat account by Wed, Jul 3, 2019. Check the IndiaMART InterMESH IPO allotment status.
The IndiaMART InterMESH IPO listing date is on Thu, Jul 4, 2019.
