close

News WrapGet Handpicked Stories from our editors directly to your mailbox

IndiaMart IPO to open on June 24: Highlights

The Indian stock markets are soaring and the initial public offering (IPO) segment is heating up too. The latest to line up for an IPO is IndiaMart InterMesh.

IndiaMart IPO to open on June 24: Highlights
IndiaMart IPO's Rs 475-cr will launch on June 24 . Image source: @IndiaMART twitter
Written By: ZeeBiz WebTeam
Updated: Wed, Jun 19, 2019
05:51 pm
ZeeBiz WebDesk
RELATED NEWS
Royal Enfield one of the most loved motorcycles - Parent Eicher Motors shares seen rising Rs 5,100; should you buy? Royal Enfield one of the most loved motorcycles - Parent Eicher Motors shares seen rising Rs 5,100; should you buy?
Sensex, Nifty tank on rise in US-China trade standoff, Nifty Bank dips 335 points; RIL, Titan, SAIL stocks dip Sensex, Nifty tank on rise in US-China trade standoff, Nifty Bank dips 335 points; RIL, Titan, SAIL stocks dip
Sensex regains 39,000 levels, Nifty Bank scales 30K; Tata Steel, Axis Bank, RIL, BPCL stocks gain Sensex regains 39,000 levels, Nifty Bank scales 30K; Tata Steel, Axis Bank, RIL, BPCL stocks gain
What India needs to do to become USD10 trillion economy in the next 10 years What India needs to do to become USD10 trillion economy in the next 10 years

The Indian stock markets are soaring and the initial public offering (IPO) segment is heating up too. The latest to line up for an IPO is IndiaMart InterMesh. This is an online business-to-business marketplace for business products and services. IndiaMart will launch its IPO from June 24, 2019, according to a statement by the company. Here are the highlights:

* IndiaMart IPO's Rs 475-cr will launch on June 24 
* IndiaMart IPO has fixed a price band of Rs 970-973 per share.
* IPO is of up to 48,87,862 equity shares.
* Promoters Dinesh Chandra Agarwal and Brijesh Kumar Agrawal will sell 14,30,109 shares through the issue
* Investors Intel Capital (Mauritius), Amadeus IV DPF and Accion Frontier Inclusion Mauritius will offload 33,20,753 shares
*  1,37,000 equity shares will be offloaded by other selling shareholders.
* At the upper end of the price band, the offer is expected to raise about Rs 475 crore.
* The issue will close on June 26.
* Book-running lead manager to the offer: ICICI Securities, Edelweiss Financial Services and Jefferies India.
* The equity shares of IndiaMart InterMesh are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.