Indiamart Makes Strong Debut On The NSE

Indian E-commerce major IndiaMart Intermesh Limited (INDIAMART) makes strong debut on the Indian Exchanges. On Thursday, the IndiaMart stock opened at Rs.1180-per share and touched at intraday high at Rs.1138-per share, up by 7.72% from its previous closing price. The stock was being traded over 35pc premium to its issue price during the session.

The Indiamart’s initial public offering was open for subscription since June 24 to 26 was subscribed over 36 times on the last day. The issue was for 48,87,862 equity shares of the company, of which 21,95,038 equities were offered to anchor investors. As per NSE data, the IPO received bids for 9.74-Cr shares, showed.

During Mid-market, at 12.40pm the stock of Indiamart was trading at Rs.1264.05 per share, up by 7.12% or Rs.84.05 from its previous closing of Rs.973. The stocks lower price bank placed at 944 and the Upper price bank at 1416. Shares traded volume at 53,86,114 and Traded Value  at 67,564.49 lacs.

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