IndiaMART IPO description – IndiaMART InterMESH is India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017, according to KPMG. The company primarily operates through its product and supplier discovery marketplace, www.indiamart.com or “IndiaMART”. The marketplace provides a platform for business buyers, to discover products and services and contact the suppliers of such business products and services.
IndiaMART had an aggregate of 325.8 million and 552.6 million visits in fiscal 2017 and 2018, respectively, of which 204.8 million and 396.9 million comprised mobile traffic, or 63% and 72% of total traffic, respectively. As of 31 March 2018, IndiaMART’s marketplace had 59.81 million registered buyers, and had 4.72 million supplier storefronts in India. These Indian supplier storefronts had listed 50.13 million products, of which 75% of goods comprised products and 25% were services.
A total of 156.84 million business enquiries were delivered to IndiaMART suppliers in fiscal 2017 and 289.98 million business enquires were delivered in fiscal 2018. For the year ended 31 March 2018, it had 52.59 million daily unique buyer requests, of which 52% were repeat buyers calculated on the basis of the past 90 days.
Promoters of IndiaMART InterMESH – Dinesh Chandra Agarwal and Brijesh Agrawal
| IndiaMART InterMESH IPO details | |
| Subscription Dates | 24 – 26 June 2019 |
| Price Band | INR970 – 973 per share |
| Fresh issue | Nil |
| Offer For Sale | 4,887,862 shares (INR474.12 – 475.59 crore) |
| Total IPO size | 4,887,862 shares (INR474.12 – 475.59 crore) |
| Minimum bid (lot size) | 15 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
| IndiaMART InterMESH’s consolidated financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | |
| Total revenues | 143.3 | 188.0 | 251.0 | 331.9 | 429.5 | 548.4 |
| Total expenses | 150.9 | 219.9 | 382.1 | 396.1 | 489.6 | 494.5 |
| Comprehensive income | -7.6 | -31.9 | -131.9 | -64.9 | 53.8 | 19.3 |
| Net margin (%) | -5.3 | -17.0 | -52.5 | -19.6 | 12.5 | 3.5 |
*Figures for FY2014 and FY2015 are based on IGAAP accounting while subsequent years are based on Ind AS accounting
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IndiaMART InterMESH Contact Details
IndiaMART InterMESH Limited
7th & 8th Floors, Advant-Navis Business Park
Plot No. 7, Sector 142
Noida 201 301 Phone: +91 120 6777 800
Email: [email protected]
Website: www.indiamart.com
Registrar of IndiaMART IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083 Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Valuation of IndiaMART InterMESH (FY2019)
Earnings Per Share (EPS): INR7.61
Price/Earnings (PE ratio): 127.46 – 127.86
Return on Net Worth (RONW): 12.54%
Net Asset Value (NAV): -INR55.92 per share
IndiaMART InterMESH IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 6pm) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,463,359 | 0.76 | 1.05 | 30.83 |
| NII | 731,679 | 0.00 | 0.04 | 62.12 |
| Retail | 487,786 | 0.48 | 2.48 | 13.59 |
| Employees | 10,000 | 0.53 | 2.43 | 6.05 |
| Total | 2,692,824 | 0.50 | 1.04 | 36.12 |
IndiaMART IPO Allotment Status
IndiaMART InterMESH IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of IndiaMART InterMESH Limited
IPO Opening Date: 24 June 2019
IPO Closing Date: 26 June 2019
Finalisation of Basis of Allotment: 1 July 2019
Initiation of refunds: 2 July 2019
Transfer of shares to demat accounts: 3 July 2019
Listing Date: 4 July 2019
Listing Price on NSE: INR1,180 per share (up 21.3% from IPO price)
Closing Price on NSE: INR1,301.95 per share (up 33.8% from IPO price)
VV high price for this losing company…
First IPO under Modi 2.0…will test Modi is good for stock market
P/E Ratio is 127.86 against 21 for Just Dial and 42 for Info Edge. Both of these companies have larger revenue and much better past performance, compared to India Mart.
These are the reasons I feel jittery about these new generation companies. Lot of optimism and very little to show in terms of hard numbers. Why should we invest in such unproven stories at succh high prices??
3 Important points for IPO ……….
1. Established Player.
2. Investment from Good Investor’s.
3. Only small portion for Retail Investor.
All ingredient for Post Listing Blast ……Like Neogen Chemicals IPO