IndiaMART InterMESH IPO fully subscribed on second day of bidding
Updated : June 26, 2019 09:18 AM IST
The initial public offer of IndiaMART InterMESH, an online marketplace for business products and services, was fully subscribed on the second day of bidding on Tuesday.
The IPO, which looks to raise about Rs 475 crore, received bids for 27,94,440 shares against the total issue size of 26,92,824 shares, translating into 1.04 times subscription, as per data available with the NSE.
The category meant for qualified institutional buyers (QIBs) was subscribed 1.05 times, non institutional investors 4 percent and retail individual investors 2.48 times.