fbpx

IndiaMart IPO – Review, Allotment Status, Subscription, Price, Date & more

Let’s have a detailed review of the company and analytics of the IndiaMart IPO release date, IPO offer price, subscription, IndiaMart Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


IndiaMart InterMesh IPO Review & Ratings

Ratings & Review
CriteriaRatings
Industry Sentiments6.5/10
Industry Ranking6.4/10
Company Background6.8/10
Company Reputation6.9/10
Competitive Edge6.4/10
Financial Statements6.7/10
Popularity Index6.8/10
Promoters Reputation6.4/10
Retail Appetite6.8/10
Top Brokers Review6.8/10
Overall Ratings6.7/10
Star Ratings★★★☆☆

Summary of IndiaMart IPO

indiamart ipoIndiaMART offers an online platform for small and medium enterprises, large companies and individuals to transact. The company was founded by Dinesh Agarwal and Brijesh Agrawal in 1996. The company is backed up by private equity investors including Intel Capital, Amadeus Capital, WestBridge Capital and Quona Capital.

They are 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 the KPMG Report. They primarily operate through our product and supplier discovery marketplace, www.indiamart.com or “IndiaMART”.

Their online marketplace provides a platform for mostly business buyers, to discover products and services and contact the suppliers of such business products and services.

From FY 2017-18 to FY 2018-19, as per the Restated Financial Statements

IndiaMART had an aggregate of 325.8 million, 552.6 million and 723.5 million visits in fiscals 2017, 2018 and 2019, respectively, of which 204.8 million, 396.9 million and 550.3 million comprised mobile traffic, or 63%, 72% and 76% of total traffic, respectively.

As at March 31, 2017 and 2018, they had a restated net worth of Rs (3,900.46) million and Rs (3,212.69) million as derived from their Restated Financial Statements, respectively.

As at March 31, 2019, they had a positive net worth of Rs 1,598.88 million. Their negative net worth as at March 31, 2017 and 2018 was primarily attributable to their operating losses and net loss/(gain) on financial assets and liabilities designated at fair value through profit or loss (“FVTPL”) in the respective fiscal/period.

Their revenue from operations increased from Rs 3,177.63 million in fiscal 2017 to Rs 4,105.08 million in fiscal 2018 and cash generated from operations increased from Rs (5.82) million in fiscal 2017 to Rs 1,790.56 million in fiscal 2018. After excluding the effects of share buyback obligations, their net worth was Rs 516.61 million as at March 31, 2018.

The Promoters of this company are Dinesh Chandra Agarwal and Brijesh Kumar Agrawal. The lead manager to the issue is ICICI Securities Limited, Edelweiss and Jefferies and the Registrar to this issue is Link Intime India Private Limited.


Subscribe to IndiaMart IPO – Fill up the Form Below

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

IndiaMart IPO Date

The opening and the closing date of IndiaMart IPO is June 24, 2019 and June 26, 2019, respectively.


IndiaMart InterMesh IPO Subscription

Day / DateQIBNIIRIIEmployeeTotal Subscription
1st Day – June 240.76x0.01x0.49x0.53x0.51x
2nd Day – June 251.05x0.04x2.48x2.43x1.04x
3rd Day – June 266.30x0.86x7.99x4.93x1.73x
Shares Offered or Net Issue1,463,359731,679487,78610,0002,692,824

The details of shares being subscribed would be updated here.


IndiaMart IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization1-Jul-19
Refunds Initiation2-Jul-19
Credit of Shares to Demat Account3-Jul-19
Share Listing Date4-Jul-19

IndiaMart IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is Rs 970 – Rs 973. 


IndiaMart IPO Equity Share Offering

Issue of 4,887,862 Equity Shares of face value of Rs.10/- each for cash at a price of Rs 970 – Rs 973 per Equity Share, aggregating Rs. 475.58 Crores.


IndiaMart – Company Overview

The Company was incorporated as IndiaMART InterMESH Limited on September 13, 1999 as a public limited company under the Companies Act, 1956, with the RoC. The Company received the certificate of commencement of business from the RoC on October 27, 1999.

Business strategies of IndiaMart

  • Continue to increase the size of IndiaMART marketplace
  • Attract larger suppliers and leading brands while growing our core SME segment supplier base.
  • Enhance our buyers’ experience.
  • Improve supplier engagement, services, retention and monetization.
  • Continue investing in our mobile platforms and capabilities.

IndiaMart – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of IndiaMart IPO

On the basis of Standalone statement: (in million)

31-Mar-1931-Mar-1831-Mar-1731-Mar-1631-Mar-15
Total Assets8,207.555,427.132,209.061,907.511,024.78
Total Revenue5,074.174,105.083,177.632,542.891,760.72
Total Expense4,944.664,896.233,960.803,744.872,198.93
Profit After Tax200.44547.59-643.46-1,159.12-318.85

Earnings per Equity Share (in million)

31-Mar-1931-Mar-1831-Mar-17
Basic & Diluted4.87(37.83)(7.14)

From the above statements, one could find that IndiaMart may perform well.


IndiaMart IPO – Promoters

The Promoter of this company is:

  • Dinesh Chandra Agarwal
  • Brijesh Kumar Agrawal

List of Related Parties (Key Managerial Personnel)

  • Dinesh Agarwal (Founder and CEO)
  • Brijesh Agrawal (Co-founder & Director)
  • Dinesh Gulati (Director)
  • Amarinder S. Dhaliwal (Chief Product Officer)

Interest in promotion of the Company

The Promoter is interested in the Company to the extent they have promoted the Company.

Property Interest

The Promoters do not have any interest in any property acquired by the Company during the two years preceding the date of filing of the Red Herring Prospectus and until date, or any property proposed to be acquired by the Company or in any transaction in the acquisition of land, construction of building or supply of machinery.

Interest in Intellectual Rights of the Company

The Promoters are not interested in any entity which holds any intellectual property rights that are used by the Company.


IndiaMart IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Upto 4,887,862 Equity Shares of Rs 10 each for cash at a
price of Rs [] per share aggregating Rs []lakhs.
 Of which:
 Reserved for Market Makers Upto 3,658,397 Equity Shares of Rs 10 each for cash at a
price of Rs [] per share aggregating Rs [] lakhs
 Net Issue to the Public Upto 2,195,038 Equity Shares of Rs 10 each for cash at a
price of Rs [] per share aggregating Rs [] lakhs
 Of which:
 Retail Investors Portion Upto 487,786 Equity Shares of Rs 10 each at a price of M
[] per Equity Share will be available for allocation for
Investors of up to Rs [] lakhs
 Non-Retail Investors PortionUpto 731,679 Equity Shares of Rs 10 each at a price of M
[] per Equity Share will be available for allocation for
Investors of up to Rs [] lakhs
 Equity Shares outstanding prior to the Issue28,774,820 Equity Shares
 Equity Shares outstanding after the IssueUpto 28,774,820 Equity Shares

IndiaMart IPO Issue Object

  • Liquidity to investors
  • Accountable through good governance
  • Benefits of listing

IndiaMart IPO – Basis of the Offer Price

The IPO offer price is determined by the company and the lead managers by market evaluation and book building process. The price is also influenced by various qualitative and quantitative factors. Some such factors are discussed below.

Qualitative factors are:

  • Strong network effects and brand recognition, driving leadership in the B2B marketplace in India;
  • Comprehensive, convenient and reliable platforms for buyers;
  • Efficient and effective marketing platform for suppliers
  • Deep understanding of online trade and commerce in India that drives innovative solutions;
  • Robust mobile platform; and
  • Experienced management team and large sales and service representatives team with proven track record of performance.

The relevant quantitative factors are:

On the basis of standalone statement:-

Basic & Diluted EPSRONW NAV (Rs.)
31-Mar-194.877.84%55.92
31-Mar-18(37.83)(23.20)
31-Mar-17(7.14)(5.17)
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
ParticularsP/E ratio
Highest
Average
Lowest
  • Competitive Peers:

The Company does not have any listed peer group companies in India.


IndiaMart IPO Lead Managers

Book Running Lead Managers
ICICI Securities Limited

Edelweiss Financial Services Limited

Jefferies India Private Limited


IndiaMart IPO Registrar to offer

Registrar to offer
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Investor Grievance e-mail: [email protected]
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No. INR000004058

IndiaMart IPO Other Details:

  • Statutory Auditor – S. R. Batliboi & Associates LLP, Chartered Accountants
  • Peer Review Auditor – NA
  • Bankers to the Offer – S. R. Batliboi & Associates LLP, Chartered Accountants

IndiaMart IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking6.2/107.3/107.2/107.1/107.1/10
Sharekhan7.2/107.1/107.7/106.4/107.2/10
Kotak Securities6.3/107.2/107.3/107.1/107.3/10
ICICI Direct7.3/106.3/106.7/106.1/107.1/10
IIFL7.2/107.2/107.8/107.0/106.1/10
Edelweiss6.2/107.3/107.5/107.3/107.2/10
Zerodha7.3/107.1/107.2/106.1/107.0/10
5Paisa7.1/106.1/107.3/107.1/106.1/10
Karvy6.3/107.3/107.2/106.1/107.1/10
Motilal Oswal7.1/107.1/107.7/107.3/107.2/10

The ratings would be updated once the financials and the other details of the IPO are released.


IndiaMart IPO Grey Market Premium

The IndiaMart IPO Grey Market Premium price is Rs 115-120, the Kostak rate is Rs 200 and the Subject to Sauda is 1200. 


Subscribe to IndiaMart IPO – Fill up the Form Below

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

IndiaMart IPO News

News 1 – Download RHP Prospectus


 

Market Guide

What is IPO?
IPO Investment
Upcoming IPOs
 IPO Valuation

Featured Topics

Best Discount Broker in India
Top 10 Sub Broker Partner in India
Best Stock Broker in India
Sub Broker Franchise
Best Demat Account
Brokerage Calculator
Best Full Service Broker in India
Broking Franchisee
 Best Intraday Trading Brokers in India

Leave a Reply

Your email address will not be published. Required fields are marked *

Get 100% IPO Allotment Guarantee! Subscribe to IPO
×

Share your details & Become Sub Broker Now!

  1. Become Sub BrokerOpen Demat Account

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!

  1. Open Demat AccountBecome Sub Broker

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!

  1. Invest in IPOOpen Demat Account

Offer valid for limited time.

×

Share your details & Invest in PMS Now!

  1. Invest in PMSOpen Demat Account

Offer valid for limited time.