IPO Update: IndiaMart In June-24

The equity shares of IndiaMart InterMesh Limited (the operator of Indiamart.com) are proposed to be listed on stock exchanges, via Initial Public Offering (IPO), which will launch on 24 June.

As per draft red herring prospectus (DRHP) filed in the stock exchange, IndiaMart  would be making an offering of upto 42,88,801 equity shares of face value of Rs 10/- each. The DRHP said that the IPO includes an offer for sale of upto 20,76,190 shares by Intel Capital-Mauritius, upto 1,70,502 shares by Amadeus DPF and upto 4,75,000 equity shares by AccionFrontier Inclusion-Mauritius.

The equity shares are proposed to be listed on National StockExchange(NSE)  and the Bombay StockExchange(NSE). ICICI Edelweiss Financial Services Ltd, ICICI Securities Ltd, and JefferiesIndia Pvt Ltd are the Book Running Lead Managers to the Offer.

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