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

IndiaMart IPO is coming in 2018., the Noida based e-commerce company, has been having the plans to come out with an IPO. IndiaMart would be the second e-commerce company to be listed after Ahmedabad-based Infibeam Incorporation which raised Rs 450 crore via IPO. The online company 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. This article provides the details about the IPO size, IPO object, background of the company, the investors and the financial performance of the company.


IndiaMart IPO Review & Ratings

IndiaMart IPO 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.

It offers a platform and tools to over 2.6 crore buyers to search from over 3.3 crore products and get connected with over 22 lakh competitive suppliers. The e-commerce company has over 3,100 employees located across 65 offices in the country.

IndiaMart IPO is expected to be sized at Rs. 500 crores tentatively. The number herein is an indicative number and not finalised figures. Further, the IPO is by way of secondary issue i.e. sale of shares by the existing investors and promoters. The company is not planning to raise additional equity, rather, the privately held equity would be sold off to the public.

The lead managers of the IPO and the registrar of the IPO are yet to be disclosed. The details would be included herein shortly.


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IndiaMart IPO Date

The IndiaMart IPO is expected to be in market before the end of this calendar year. The company initiated the talks and the process of draft red herring prospectus in the year 2016 itself and hence the IPO is expected to be out soon.

IndiaMart IPO Subscription

 Subscription
Day 1 X
Day 2 X
Day 3 X
Day 4 X
Day 5 X

The details of shares being subscribed would be updated on a daily basis upon release of the IPO.

IndiaMart IPO Allotment Status

The details of shares allotted against the subscription would be updated once the allotment process is completed. The details would be accordingly updated.

IndiaMart IPO Price Band

The price offered under the IPO is generally decided during the book building process. The IPO price has not been released yet. The details would be shortly updated in this section.

IndiaMart IPO Issue Size

The IndiaMart IPO size is expected to be close to Rs. 500 crores. However, this is just an indicative number and the actual number would be updated once the IPO details are finalised by the Company. It is also known that the issue would be a secondary issue i.e. the shares owned by the existing shareholders would be sold off and no fresh equity would be issued.

IndiaMart IPO Equity Share Offerings

The number of shares being sold off by the existing investors is not disclosed yet. These details would be out once the IPO is finalised by the company.


IndiaMart – Company Overview

IndiaMart is India’s largest online marketplace, connecting buyers with suppliers. The online channel focuses on providing a platform to Small & Medium Enterprises (SMEs), large enterprises as well as individuals. IndiaMART 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 existing investors include Intel Capital, Amadeus Capital, WestBridge Capital and Quona Capital.  It offers a platform and tools to over 2.6 crore buyers to search from over 5.9 crore products, 5.2 crore buyers and get connected with over 42 lakh competitive suppliers. The ecommerce company has over 3,500 employees located across 80+ offices in the country.

After IndiaMart crossed 100 lakh monthly visitors on its website, it started getting some interest from big brands like Godrej Interio, Finolex Pipes in the form of advertising. Therafter they created a separate vertical to focus specifically on Big Buyers, Big Suppliers and Big Business. It looks promising and can be a considerable stream of revenue.

Last year it was on a small base with Rs 2-4 crore, but this year it is expected to increase to Rs 20-25 crore. The details of growth have also been discussed in detail in the Financial section of this article.

Key members of IndiaMart:

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

Competitive Strengths of IndiaMart

  • Established since long
  • Has survived a few cycles of economies
  • Collaboration with big brands

Business strategy of IndiaMart

  • Has a subsidiary company – Tolexo
  • Cost efficiency
  • Talent retention

IndiaMart – Financial Statements

IndiaMart’s revenue was a little over Rs 300 crore and Tolexo’s share in it was a little less than Rs 10 lakh. IndiaMart registered 45% growth rate during 2015-16 and it has stayed between 40-50% this year as well. The CAGR was also close to 40%.

IndiaMart would most probably break even sometime during the calendar year 2017 on the standalone basis of IndiaMart. With regards to Tolexo, it will still be in the investment mode for a few more years.

A summary of the financial position of the company is presented below:

Assets of the Company

Assets (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset
Current Asset
Total Asset

The details would be updated shortly.

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue
Profit after Tax (PAT)

The details would be updated shortly.

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic
Diluted

The details would be shortly updated herein and an analysis of the same would also be presented.


IndiaMart Promoters

The details of the promoters would be shortly updated.

Promoter Interest in the company.

The details of the interest held by the promoters in the company would be updated in a few days.

Promoter Interest in property of the company

These details would be updated shortly.


IndiaMart IPO Offer Details or Issue Details

OfferThe offer is expected to be close to Rs,500 crores.
Of which
Issue reserved for the Market Makers
Net Issue to the public
Of which
Allotment to retail investors
Allotment to other investors
Equity Shares outstanding prior to the offer
Equity Shares outstanding after the Offer

As mentioned earlier the IPO is expected to be by way of secondary issue i.e. the shares currently owned by the investors and promoters would be party sold to the public. No addition equity would be raised. IndiaMart is not a cash-consuming company and hence no fresh IPO is required as of now.


IndiaMart IPO Issue Object

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

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John Energy IPOTCNS Clothing IPOSembCorp Energy IPOCredit Access Grameen IPO

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.

The qualitative factors relevant to decide the issue price:

  • Established since long
  • Has survived a few cycles of economies
  • Collaboration with big brands

The quantitative factors relevant for the issue price are:

  • Earning per share
  • Price/earning ratio
  • Return on Net Worth
  • Net Asset Value – NAV per Equity Share
  • Comparison with listed industry peer review like Infibeam etc.

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IndiaMart IPO Lead Managers

Lead Managers
To be updated shortly

IndiaMart IPO Registrar to offer

Registrar to offer
To be updated shortly

IndiaMart IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking
Sharekhan
Kotak Securities
ICICI Direct
IIFL
Edelweiss
Zerodha
5Paisa
Karvy
Motilal Oswal

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


IndiaMart IPO Grey Market Premium

Grey market for IndiaMart IPO would open 15 days before the release of the IPO. Accordingly, the kostak price will also be available then. Once the grey market is open, the section would  be regularly updated to reflect the grey market price for this IPO.


Subscribe to IndiaMart IPO – Fill up the Form Below

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IndiaMart IPO News

News 1 – Indiamart plans IPO, process to begin next fiscal


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