IndiaMART Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

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Last updated on August 31, 2023

IndiaMART Buyback 2023

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 InterMESH

IndiaMART Share Buyback 2023 Details

IndiaMART Buyback Dates31 Aug – 6 Sep 2023
IndiaMART Buyback Price INR 4,000 per share
Market Price on Buyback ApprovalINR 2,899.3 per share
Buyback Premium on Market Price37.96%
Buyback Offer Size (Shares)12,50,000 shares
Buyback Offer Size (Amount)INR 500 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

IndiaMART Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal17 July 2023
Buyback Approval Date20 July 2023
Public Announcement of Buyback24 August 2023
IndiaMART Buyback Record Date25 August 2023
Buyback Opening Date31 August 2023
Buyback Closing Date6 September 2023
Cut-off Date to receive completed tender forms by Registrar6 September 2023
Verification Date by the Registrar8 September 2023
Return of unaccepted shares by Registrar13 September 2023
Extinguishment of accepted shares25 September 2023

IndiaMART Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


IndiaMART Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
7/858.24
General category
(for all other Eligible Shareholders)
1/551.82

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


IndiaMART Financial Performance

FY 2021FY 2022FY 2023
Revenue669.56753.49985.40
Total Expenses364.13462.99756.74
Net income 279.78297.62283.83
Figures in INR crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 4,000
Maximum shares for small shareholder (2,00,000/4,000)50 shares *
Closing price of stock as on 20 July 2023INR 2,899.3**
Maximum amount invested in buyback (INR 2,899.3 x 50 shares)INR 1,44,965
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

IndiaMART Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
5055 (100%)5,503.53.80
50510 (200%)11,007.07.59
50515 (300%)16,510.511.39

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: 011-49411000
Email: [email protected]
Website: 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: +91 22 4009 4400
Email[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.

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