IndiaMART IPO opens for subscription today: What analysts have to say
Updated : June 24, 2019 11:20 AM IST
The initial public offering (IPO) of IndiaMART InterMESH, India’s largest online business-to-business marketplace opens on June 24. The price band of the IPO is Rs 970-973 per share, and the issue will end on June 26.
“IndiaMART has a strong network effects and brand recognition which drives leadership in B2B marketplace in India. The company’s mobile website, together with the mobile app accounted for 63 percent, 72 percent and 76 percent of total traffic to IndiaMART for fiscals 2017, 2018 and 2019 respectively", said HDFC Securities.
Meanwhile, Reliance Research said that the company plans to increase the number of free and paying subscription suppliers on IndiaMART thereby improving supplier engagement, services, retention and monetisation.