IndiaMART IPO subscribed 51% on first day of bidding
Updated : June 25, 2019 07:17 AM IST
The initial public offer (IPO) of IndiaMART InterMESH, an online marketplace for business products and services, was subscribed 51 percent on the first day of bidding on Monday.
The IPO, to raise about Rs 475 crore, received bids for 13,57,365 shares against the total issue size of 26,92,824 shares, as per data available with the NSE.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 76 percent, non institutional investors subscribed 1 percent and retail individual investors subscribed 49 percent.