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    IndiaMART IPO opens on June 24. Check details here

    IndiaMART IPO opens on June 24. Check details here

    IndiaMART IPO opens on June 24. Check details here
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    By Mousumi Paul   IST (Updated)

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    India’s largest B2B online marketplace IndiaMART InterMESH, which operates Indiamart.com, is launching its initial public offering (IPO) on June 24, with a price band of Rs 970-973 per share. The issue will end on June 26.

    India’s largest B2B online marketplace IndiaMART InterMESH, which operates Indiamart.com, is launching its initial public offering (IPO) on June 24, with a price band of Rs 970-973 per share. The issue will end on June 26.
    The IPO size is of up to 48,87,862 equity shares, an offer for sale by promoters and investors. The minimum order quantity size is of 15 equity shares, with a maximum subscription amount for retail investors at Rs 2,00,000.
    Indiamart intermesh
    Promoters Dinesh Chandra Agarwal and Brijesh Kumar Agrawal will sell 14,30,109 shares through the issue, while investors Intel Capital (Mauritius), Amadeus IV DPF and Accion Frontier Inclusion Mauritius will offload 33,20,753 shares and 1,37,000 equity shares by other selling shareholders, it added.
    The company is aiming to raise Rs 475 crore through a public issue at the higher end of the price band. IndiaMART is the first company to go public during Modi government’s second tenure.
    IndiaMART InterMESH is an online business-to-business marketplace for business products and services with approximately 60 percent market share of the online B2B classifieds space in India in fiscal 2017.
    ICICI Securities Limited, Edelweiss Financial Services Limited and Jefferies India Private Limited will be the book running lead manager to the offer, and the equity shares are proposed to be listed on both BSE and NSE.
    Catch all the latest and live updates here on CNBC TV18 Market Live Blog.
    Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
     
    (With inputs from PTI)
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