IndiaMART Buyback 2023 description – IndiaMART, the first and largest B2B digital marketplace in the country, today stands out as a game-changer in the B2B landscape. It focuses on integrating Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, it is constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible, and engaging to them.
As of 31 March 2023, the company has been diversifying its presence and now the Metro Cities account for only 31% of buyers, tier-II Cities account for 25% & Rest of India accounts for 44%. The diversified presence helps to minimize the impact of region-specific risks on its business.
It has nationwide coverage with 85 office branches and a sales & service staff of 4,583 employees. The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry. It has a portfolio of 7.5 million supplier storefronts, 170 million registered buyers & a total traffic of 1,021 million repeated users.
IndiaMART Share Buyback 2023 Details
| IndiaMART Buyback Dates | 31 Aug – 6 Sep 2023 |
| IndiaMART Buyback Price | INR 4,000 per share |
| Market Price on Buyback Approval | INR 2,899.3 per share |
| Buyback Premium on Market Price | 37.96% |
| Buyback Offer Size (Shares) | 12,50,000 shares |
| Buyback Offer Size (Amount) | INR 500 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
IndiaMART Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 17 July 2023 |
| Buyback Approval Date | 20 July 2023 |
| Public Announcement of Buyback | 24 August 2023 |
| IndiaMART Buyback Record Date | 25 August 2023 |
| Buyback Opening Date | 31 August 2023 |
| Buyback Closing Date | 6 September 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 6 September 2023 |
| Verification Date by the Registrar | 8 September 2023 |
| Return of unaccepted shares by Registrar | 13 September 2023 |
| Extinguishment of accepted shares | 25 September 2023 |
IndiaMART Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
IndiaMART Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 7/85 | 8.24 |
| General category (for all other Eligible Shareholders) | 1/55 | 1.82 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
IndiaMART Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 669.56 | 753.49 | 985.40 |
| Total Expenses | 364.13 | 462.99 | 756.74 |
| Net income | 279.78 | 297.62 | 283.83 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 4,000 |
| Maximum shares for small shareholder (2,00,000/4,000) | 50 shares * |
| Closing price of stock as on 20 July 2023 | INR 2,899.3** |
| Maximum amount invested in buyback (INR 2,899.3 x 50 shares) | INR 1,44,965 |
** For simplicity, we have considered price on buyback approval date
IndiaMART Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 50 | 5 | 5 (100%) | 5,503.5 | 3.80 |
| 50 | 5 | 10 (200%) | 11,007.0 | 7.59 |
| 50 | 5 | 15 (300%) | 16,510.5 | 11.39 |
Registrar of IndiaMART Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone:Â 011-49411000
Email:Â [email protected]
Website:Â www.linkintime.com
Manager of IndiaMART Buyback 2023
NUVAMA WEALTH MANAGEMENT LIMITED
8th Floor, Wing A, Building No 3 Inspire BKC, G Block,
Bandra Kurla Complex, Bandra East, Mumbai – 400 051
Phone:Â +91 22 4009 4400
Email:Â [email protected]
Website: www.nuvama.com
The process to Participate in IndiaMART Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are IndiaMART buyback dates?
IndiaMART share buyback opens on 31 August 2023 and closes on 6 September 2023.
Which type of is IndiaMART buyback offer?
IndiaMART buyback is a tender offer.
What is the IndiaMART buyback price?
IndiaMART buyback price is INR 4,000 per share.
What is the IndiaMART buyback record date?
IndiaMART buyback record date is 25 August 2023.
How to participate in IndiaMART share buyback?
IndiaMART share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
