IndiaMART IPO
IndiaMART IPO — date, price band, lot size & details 2019
IndiaMART listed on 4 Jul 2019 at ₹1,180, 21.3% above the ₹973 issue price.
IndiaMART InterMESH runs India's large online B2B marketplace connecting business buyers with suppliers of products and services. Its total income was Rs 533.30 crore in FY2019.
Stock price
IndiaMART is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 24 Jun 2019
- Close 26 Jun 2019
- Allotment 01 Jul 2019
- Refund/credit 02 Jul 2019
- Listing 04 Jul 2019
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 26 Jun, 2019 |
|---|---|
| Price Band | ₹970 – ₹973 |
| Face Value | ₹10 |
| Lot Size | 15 Shares |
| Issue Size | ₹475.49 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 97.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,595 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 15 shares at the ₹973 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 15 | ₹14,595 |
| Retail (max) | 13 | 195 | ₹1,89,735 |
| S-HNI (min) | 14 | 210 | ₹2,04,330 |
| S-HNI (max) | 68 | 1,020 | ₹9,92,460 |
| B-HNI (min) | 69 | 1,035 | ₹10,07,055 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had 4.72 million supplier storefronts and 59.81 million registered buyers.
- 02Total income rose from Rs 322.30 crore in FY2017 to Rs 533.30 crore in FY2019.
- 03It turned a loss of Rs 72.40 crore in FY2018 into a profit of Rs 12.60 crore in FY2019.
- 04EBITDA rose from a loss of Rs 54.40 crore in FY2017 to Rs 82.30 crore in FY2019.
Risks · 5
- 01Net worth was negative at Rs 312.30 crore in FY2018 before turning positive at Rs 160.70 crore in FY2019.
- 02It made losses of Rs 13.10 crore in FY2017 and Rs 72.40 crore in FY2018.
- 03Online B2B marketplaces face competition and depend on suppliers paying for subscriptions; total assets were Rs 818.80 crore.
- 04The whole Rs 475.49 crore issue was an offer for sale, so none of it went to the company.
- 05Promoter holding fell from 57.58% before the issue to 52.61% after it.
Three years of numbers
All figures in ₹ crore, as reported in the IndiaMART offer document.
| Metric | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|
| Assets | 818.80 | 549.60 | 355.90 |
| Total Income | 533.30 | 410.10 | 322.30 |
| Profit After Tax | 12.60 | -72.40 | -13.10 |
| EBITDA | 82.30 | 46.60 | -54.40 |
| NET Worth | 160.70 | -312.30 | -253.10 |
| Reserves and Surplus | 132.10 | -322.30 | -262.30 |
| Total Borrowing | 327.70 | 228.70 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the IndiaMART IPO will be updated shortly.
IndiaMART IPO Anchor Investors
28 anchor investors across 10 fund houses committed ₹213.59 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It is an online platform that connects business buyers with suppliers.
As on 31 March 2018 it had 4.72 million supplier storefronts listing 50.13 million products, and 59.81 million registered buyers.
The IPO was Rs 475.49 crore and was entirely an offer for sale at Rs 973, the top of the Rs 970 to Rs 973 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
IndiaMART IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Jefferies India Private Limited
41 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of IndiaMART?
The current Grey Market Premium is ₹0.
What is the IndiaMART IPO price band?
₹970 to ₹973, on a face value of ₹10.
When is the allotment?
The basis of allotment is 1 July 2019, with listing on 4 July 2019.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
