IndiaMART IndMESH IPO: Review, Listing Date, Grey Market Price & Allotment

IndiaMART IndMESH IPO Analysis, IPO Review, Dates, Price Bands, Market Lot, India Mart IPO Grey Market Price Details

IndiaMart InterMesh, which operates Indiamart.com, one of the largest online listing platforms for small and medium businesses in India & an online marketplace for business products and services, it will launch its initial public offering from June 24 and has fixed a price band of Rs 970 – 973 per share.

The Indiamart Initial public offering (IPO) is of up to 48,87,862 equity shares, according to a statement by the company.

Promoters who are selling shares through the offer for sale include Dinesh Chandra Agarwal (selling up to 8,52,453 shares), and Brijesh Kumar Agrawal (5,77,656 shares); while other shareholders will sell up to 1,37,000 shares.

About IndiaMART IndMESH Limited

Indiamart IPOThe IndiaMart Indmesh Ltd company earns revenue primarily by selling the subscription packages which are available for a month, year and multi-year. This package offers the following benefits to the suppliers:

1. Listing of the supplier storefronts on online marketplace based on priority,
2. Access to lead management system,
3. Integrated access to a 3rd party online payment gateway, and
4. Access to RFQs or buy leads

In addition, the company also generates revenue by advertising, sale of RFQ credits and payment facilitation service.

The competitive strengths of the company are:
1. Strong network
2. A large number of listing of product and service
3. Diverse industry categories
4. PAN India presence
5. Subscription packages and subscription-free services
6. A cost-effective platform
7. Robust mobile platform

IndiaMart IPO – Issue Details:

IndiaMART InterMESH IPO details
Subscription Dates 24 – 26 June 2019
Price Band INR 970 – 973 per share
Fresh issue Nil
Offer For Sale 4,887,862 shares (INR474.12 – 475.59 crore)
Total IPO size 4,887,862 shares (INR474.12 – 475.59 crore)
Minimum bid (lot size) 15 shares
Face Value  INR10 per share
Retail Allocation 10%
Listing On NSE, BSE
Grey Market Price Indiamart IPO Grey Market Premium

What are the Objects of the IndiaMART IndMESH IPO?

The objects of the Offer are:

1. To achieve the benefit of listing the equity shares on the Stock Exchanges and
2. For the sale of an aggregate of up to 4,288,801 equity shares by the selling shareholders.

Who are the Indiamart company promoters?

Below I have listed the name of the Indiamart company promoters

  1. Brijesh Agrawal and
  2. Dinesh Chandra Agarwal

Financials of Indiamart IPO:

Summary of Financial Information (Restated)

Particulars For the year/period ended (in Rs. 10 Lakhs)
31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 8,207.55 5,427.13 2,209.06 1,907.51 1,024.78
Total Revenue 5,074.17 4,105.08 3,177.63 2,542.89 1,760.72
Profit After Tax 200.44 547.59 (643.46) (1,159.12) (318.85)
IndiaMART InterMESH’s consolidated financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018 FY2019
Total revenues 143.3 188.0 251.0 331.9 429.5 548.4
Total expenses 150.9 219.9 382.1 396.1 489.6 494.5
Comprehensive income -7.6 -31.9 -131.9 -64.9 53.8 19.3
Net margin (%) -5.3 -17.0 -52.5 -19.6 12.5 3.5

India Mart IPO Tentative Date / Timetable

Indiamart IPO Bid/Offer Opens On Jun 24, 2019
Indiamart IPO Bid/Offer Closes On Jun 26, 2019
Finalization of Basis of Allotment Jul 1, 2019
Initiation of Refunds Jul 2, 2019
Credit of Indiamart Shares to Demat Account: Jul 3, 2019
India Mart IPO Shares Listing Date: Jul 4, 2019

IndiaMart IPO Market Lot

  • Shares: Apply for 15 Share (Minimum Lot Size)
  • Amount: ₹14,595

IndiaMart IPO Allotment & Listing

  • The basis of Allotment: 24.06.2019
  • Refunds: 02.07.2019
  • Credit to demat accounts: 03.07.2019
  • Listing: 04.07.2019

Source:- https://procapital.mohdfaiz.com/

How to Apply Indiamart IPO?

If you have a demat account, most banks offer the online IPO application. You can also contact the broker to apply in Indiamart IPO.

Most banks including the SBI, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the demat account.

What are the key strengths of IndiaMART IndMESH Limited?

Every investor should understand companies key strengths so that one can compare with its competitors to know how unique is such a company. Investors decision would change based on these facts.

  1. IndiaMART’s strong network effects and brand recognition drives leadership in the B2B marketplace in India.
  2. Comprehensive, convenient and reliable platforms for buyers.
  3. Efficient and effective marketing platform for suppliers.
  4. Deep understanding of online trade and commerce in India that drives innovative solutions.
  5. Robust mobile platform.
  6. Experienced Management Team and Large Sales and Service Representatives Team with Proven Track Record of Performance.

What are the various strategies of IndiaMART IndMESH Ltd?

1. Strong network
2. A large number of listing of product and service
3. Diverse industry categories
4. PAN India presence
5. Subscription packages and subscription-free services
6. A cost-effective platform
7. Robust mobile platform

Positive Factors to invest IndiaMART IndMESH Limited IPO

  1. It has shown strong revenue in the last 5 years where its revenues increased by 2.9x.
  2. It is the largest B2B Online Market Place in India that has a good brand.

Major risk Factors to consider before investing in this IPO

These risk factors will impact company revenue and margins which might have an effect on its share worth.

  • They had incurred important in operating losses within the past and that they might not be ready to improve its money position or generate spare revenue to realize a positive net worth.
  • If they’re unable to take care of a crucial mass of suppliers and consumers on its online marketplace, the perceived utility of its services could decline, and its business, revenue and prospects might suffer.
  • Competition from new and existing firms could cut back demand for its services or cause us to lose visitor traffic, market share or paying subscription suppliers, any of that might adversely have an effect on its business, economic condition, and results of operations.
  • Its business, economic condition, results of operations and money flows can be materially and adversely affected if they’re unable to retain existing paying subscription suppliers on or attract new paying subscription suppliers to IndiaMART.
  • This Red Herring Prospectus contains info from KPMG analysis that they need to be commissioned.
  • They earn most of its revenue from Indian suppliers getting paid services on IndiaMART. Factors that adversely result on} such Indian suppliers might have a material adverse effect on its business, economic condition, results of operations, money flows and prospects.
  • Despite its intent and efforts to own real things listed/content obtainable on its online marketplace, they need being and should still be subject to allegations and lawsuits or negative packaging claiming that things listed and also the content obtainable on its online marketplace are pirated, counterfeit or illegal.
  • They acquire a major portion of its providers on IndiaMART through the uninvited creation of supplier storefronts and such suppliers could refuse to consent to their info being created in public obtainable on its online marketplace, which can negatively have an effect on its business and should subject us to numerous legal claims.
  • For complete internal and external risk factors, you’ll refer the RHP of the company.

IndiaMART IndMESH IPO – Should you Invest or Avoid?

If we have a tendency to think about its loose last year EPS of Rs 4.8 on the upper worth band of Rs 970, the P/E works out to be 200x. P/E can’t be computed supported last three years average EPS because it is negative as a corporation has been acquisition losses. There aren’t any listed peers to ascertain whether or not the difficulty worth is extremely priced or beneath priced. However, considering the 200x of P/E is extremely high.

The company’s revenue grew at 2.9x within the last five years. it’s been acquisition loss in four out of five years. This company becomes profits solely last year. the issue price is extremely priced. Investors could or might not get listing gains.

Personally, I’d wish to avoid such high priced IPOs that simply become profits last year. In future, if such profits continue and such company shares are accessible at a discounted worth, I’d wish to invest in such firms. Currently, it’s clearly AVOID.

India Mart IPO FAQ

  • When is India Mart IPO coming?
    Ans. The India Mart IPO opens on Jun 24, 2019 and closes on Jun 26, 2019.

Q. What is India Mart IPO timetable?

  • Indiamart IPO Bid Offers Open: 24.06.2019
  • Indiamart IPO Bid Offers Closes: 26.06.2019
  • The basis of Allotment of India Mart IPO: 01.07.2019
  • Refunds: 02.07.2019
  • Credit to demat accounts: 03.07.2019
  • Indiamart Listing date: 04.07.2019

Q. Where can I get the India Mart IPO prospectus pdf?

Q. What is India Mart IPO price/ Share Price?
Ans.
The price band for the IPO shares is set between ₹970 to ₹973.

Q. What is India Mart IPO closing time?
Ans. India Mart IPO will close for subscription at 5 PM on Jun 26, 2019.

Q. What is India Mart IPO size?
Ans. The India Mart IPO size is 4887862 Equity Shares of ₹10 aggregating up to ₹475.58 Cr.

Q. How many India Mart IPO shares offered to retail investors?
Ans. Shares offered for Retail Investors is 487,786 Shares.

Q. How much India Mart IPO subscribe?
Ans. You will check it after 24th June.

Q. How to subscribe for India Mart IPO?
Ans. You can apply online through ASBA. visit your net banking section and click on Apply Online IPO Section.

Q. How do I apply India Mart IPO with Zerodha?
Ans. You can apply through your Bank account. Just fill your zerodha demat account details only.

Q. What is India Mart IPO Gray Market Premium (GMP)?
Ans. Check Our IPO Grey Market Price section for this.

Q. Where do I check India Mart IPO allotment status?
Ans. You can check India Mart IPO allotment status on https://linkintime.co.in/IPO/public-issues.html.

Q. When is India Mart IPO getting listed? What is India Mart IPO trading date?
Ans. India Mart IPO listing date is 4th July 2019.

Q. What is India Mart IPO expected listing price?
Ans. Coming Soon.

Q. What is India Mart IPO expert advice/expert views/analyst views?
Ans. Avoid.

IndiaMART InterMESH Limited Contact Information

IndiaMART InterMESH Limited
1st Floor, 29 Daryaganj,
Netaji Subhash Marg,
New Delhi 110 002, IndiaPhone: (+91) (11) 3027 2100
Email: cs@indiamart.com
Websitehttps://www.indiamart.com/

India Mart IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: indiamart.ipo@linkintime.co.in
Websitehttp://www.linkintime.co.in

India Mart IPO Lead Manager(s)

  1. Edelweiss Capital Limited
  2. ICICI Securities Limited
  3. Jefferies India Private Limited

Final Words

Dear Readers

Hope you find useful information about the “Indiamart IPO” After considering all the factors should you invest or not?

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