Monday, Sep 20, 2021
Outlook.com
Outlook.com

IndiaMART InterMESH IPO fully subscribed on second day of bidding

IndiaMART InterMESH IPO fully subscribed on second day of bidding
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Jun 25 (PTI) The initial public offer of IndiaMART InterMESH, an online marketplace for business products and services, was fully subscribed on the second day of bidding Tuesday.

The IPO, which looks to raise about Rs 475 crore, received bids for 27,94,440 shares against the total issue size of 26,92,824 shares, translating into 1.04 times subscription, as per data available with the NSE.

The category meant for qualified institutional buyers (QIBs) was subscribed 1.05 times, non institutional investors 4 per cent and retail individual investors 2.48 times.

The IPO, which is scheduled to close Wednesday, is of 48,87,862 equity shares, including anchor portion of 21,95,038 equity shares.

Price range for the offer was fixed at Rs 970-973 per share.

At the upper end of the price band, the offer is expected to raise about Rs 475 crore.

IndiaMart InterMesh 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. PTI SUM

BAL


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

IPL 2021: MS Dhoni Hails Ruturaj Gaikwad, Dwayne Bravo After CSK's Win Over MI

IPL 2021: MS Dhoni Hails Ruturaj Gaikwad, Dwayne Bravo After CSK's Win Over MI

Gaikwad stroked his way to an unbeaten 88 while veteran Bravo, batting at number eight, smashed 23 off just 8 balls as CSK made 156 for six after opting to bat first.

IPL 2021, CSK Vs MI: Ruturaj Gaikwad, Bowlers Help Chennai Super Kings Beat Mumbai Indians

IPL 2021, CSK Vs MI: Ruturaj Gaikwad, Bowlers Help Chennai Super Kings Beat Mumbai Indians

Ruturaj Gaikwad batted through the innings to lift Chennai Super Kings from a precarious 7/3 to 156 for six. Mumbai Indians could manage only 136/8.

Virat Kohli To Step Down As Royal Challengers Bangalore Captain After IPL 2021

Virat Kohli To Step Down As Royal Challengers Bangalore Captain After IPL 2021

The news came just a few days after Virat Kohli announced that he will step down as India's T20 captain after T20 World Cup.

More from Outlook Magazine

Crouching Tigers

Crouching Tigers

Ghee Bowman brings to light the forgotten story of an Indian force’s role in the Battle of France and their fighting withdrawal through Dunkirk. In this excerpt, individual units arrive in northern France and take their positions, awaiting the Wehrmacht onslaught.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook's annual ranking of India’s top 21 Private Medical Universities in 2021 will help students make an informed choice.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook's annual ranking of India’s top 15 Government Medical Universities in 2021 will help students make an informed choice.

Advertisement

Outlook Newsletters

Advertisement