IndiaMART Buyback of ₹500 crores approved by the board of directors at the meeting was held on July 20, 2023. IndiaMART Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹4000 per Equity Share and for an aggregate amount not exceeding ₹500 crores from the shareholders. Check out IndiaMART Buyback 2023 details below:
IndiaMART InterMESH Ltd is one of the well known and largest online B2B marketplace. It has around 60% of market share in B2B online classified space. It is an e-Commerce firm and they expect to maintain 29% CAGR for next two years. The company provides online platform to small, medium and large enterprise as well as individuals to list their business and gain business via leads. The company was founded in 1996. Check out IndiaMART’s buyback details here.
IndiaMART Buyback History
- This is the first IndiaMART buyback so there is no historical data.
IndiaMART Buyback 2023 Dates
| Buyback Meeting Date: | July 20, 2023 |
| Buyback Announcement Date: | July 20, 2023 |
| Buyback Record Date: | August 25, 2023 |
| Last Date to Buy Shares: | August 24, 2023 |
| Buyback Open Date: | August 31, 2023 |
| Buyback Close Date: | September 6, 2023 |
| Finalization of Buyback Acceptance: | September 12, 2023 |
IndiaMART Buyback 2023 Offer Details
IndiaMART buyback of 1,250,000 equity shares at a price of ₹4,000 per equity share. The buyback offers not to exceed ₹500 crores of the total buyback offer size.
| Offer Amount: | ₹500 Crores |
| Number of Shares: | 1,250,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹4,000 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
IndiaMART Buyback 2023 Acceptance Ratio
The investor should buy around 50 shares at a current market price of ₹3125 (as of record date). The calculation will be ₹2,00,000 / ₹4000 buyback price = 50 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹1,56,250 | 16 | ₹14,000 |
| 50% | ₹1,56,250 | 25 | ₹21,875 |
| 75% | ₹1,56,250 | 37 | ₹32,375 |
| 100% | ₹1,56,250 | 50 | ₹43,750 |
IndiaMART Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹624 | ₹451 | ₹146 |
| 2021 | ₹665 | ₹332 | ₹287 |
| 2022 | ₹751 | ₹439 | ₹310 |
How to Participate in IndiaMART Buyback 2023
The investors are eligible for the buyback scheme who have IndiaMART shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the IndiaMART Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the IndiaMARTepted shares by the company under the IndiaMART buyback scheme.
IndiaMART Buyback 2023 Registrar
To be updated soon
IndiaMART Buyback 2023 Lead Managers
- To be updated soon
IndiaMART Company Address
Indiamart Intermesh Limited
1st Floor, 29 Daryaganj,
Netaji Subhash Marg,
New Delhi 110 002, India
Phone: +91 – 120 – 6777
Email: [email protected]
Website: https://www.indiamart.com/
How to Apply the IndiaMART Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “IndiaMART”. Click on Place Order. Enter your Quantity and submit IndiaMART Buyback Application Form.
How to Apply the IndiaMART Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the IndiaMARTount Section. You will see the Company Name “IndiaMART”. Click on IndiaMART Stock for Buyback. Enter your Quantity and submit IndiaMART Buyback Application Form.
How to Apply the IndiaMART Buyback through IndiaMART Money?
Log in to IndiaMART Money Application with your credentials. Select the IndiaMART. Enter your Quantity and submit IndiaMART Buyback Application Form.
