IndiaMART IPO subscribed 35.87 times so far on final day of bidding | Business Standard

Business Standard

The initial public offer of IndiaMART InterMESH, an online marketplace for business products and services, was subscribed 35.87 times so far on the final day of bidding Wednesday.

The Rs 475 crore IPO received bids for 9,65,97,705 shares against the total issue size of 26,92,824 shares, as per data available with the NSE till 16:45 hrs.

The initial public offer (IPO) is of 48,87,862 equity shares including anchor portion of 21,95,038 equity shares.

Price range for the offer, which opened for bidding on Monday, has been fixed at Rs 970-973 per share.

IndiaMart InterMesh had raised more than Rs 213 crore from anchor investors on Friday.

ICICI Securities Ltd, Edelweiss Financial Services Ltd and Jefferies India Pvt Ltd are managing the offer.

The shares are proposed to be listed on the BSE and the National Stock Exchange.

Bloomberg Quint | Devdiscourse | The Hindu Business Line | Outlook

Latest Posts

Tech Giants and MSMEs: Friends or Foes In the...

Posted on January 2, 2025

The dominance of tech giants presents both opportunities and challenges for MSMEs. While these platforms provide essential tools and global reach, their control over key...

Changing dynamics of career growth: Horizontal growth vs vertical...

Posted on January 2, 2025

In an article published in ETHRWorld on 23rd July, Niharika Mohanty, VP – HR, Zomato, had talked about her own example of being an HR...

Policies and Partnerships for MSME Growth

Posted on January 2, 2025

Micro, Small and Medium Enterprises (MSMEs) are often hailed as the backbone of the Indian economy, contributing significantly to GDP and employment; yet, in the...