IndiaMart becomes first Indian B2B online market place to go public

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

IndiaMart, Noida-based B2B online marketplace has started its bids to investors with an IPO (Initial Public Offering) to raise up to $68.35 million.

IndiaMart InterMesh Ltd. has floated offer for sale for 4.89 miliion shares at a price band of ₹970-973 per share, cited Inc42.

IndiaMart, based out of Noida, is an Indian e-commerce company that provides B2C, B2B and customer to customer sales services via its web portal. It began in 1996 and founded by Dinesh Agarwal and Brijesh Agarwal.

The company has raised $32 million from multiple investors such as Amadeus Capital Partners among others.

While, in June 2018, the company, reportedly, claimed that it was ready to launch an IPO of $88.24 million. In July, it filed draft papers to market regulator Securities and Exchange Board of India (SEBI).

At present, the company has opened bids on June 24 to June 26 for investors and retail managers.

Furthermore, the company is offering 10,000 shares to its employees, thus the net issue size is around 4.88 million shares.

As of March 31, 2019, IndiaMART claimed that it had 82.7 million registered buyers and 5.55 million supplier storefronts in India. These Indian supplier storefronts had listed 60.73 million products of which 76% of goods comprised products and 24 per cent were services.

On the other hand, similar companies in this venture includes, Alibaba India, JustDial, Google, Power2SME, Moglix, Tradohub and Bizongo.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

FATF credibility at stake if it doesn’t downgrade Pak

New Delhi, Oct 15 (IANS) Predictably, "brotherly countries" China, Turkey and Malaysia have backed Pakistan over the countrys "risk...

Poll body bans exit polls during Assembly elections, bypolls

New Delhi, Oct 15 (IANS) The Election Commission (EC) on Tuesday reiterated a complete ban on exit polls during the upcoming elections.The ban will...

Ballot paper for SL presidential election finalised

Colombo, Oct 15 (IANS) The Election Commission of Sri Lanka has finalised the symbols for all 35 candidates contesting the November 16 presidential election...

Kashmiris feel the pinch as made to pay for suspended period

Srinagar, Oct 15 (IANS) As Kashmiris continue to celebrate the restoration of their post-paid mobile phones, service providers are having the last laugh with...

Portman’s character may get breast cancer in ‘Thor 4’

Los Angeles, Oct 15 (IANS) Director Taika Waititi says Natalie Portman character Jane Foster in "Thor 4" could include breast cancer storyline.Marvel fans are...
- Advertisement -

More Articles Like This