IndiaMart Files Draft Papers for IPO

By Jagat Joshi
July 3, 2018
10:09 am
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By Jagat Joshi
July 3, 2018

IndiaMart a B2B marketplace giant files the draft papers with regulator SEBI on Monday to raise around $88.24 million via IPO. The company plans to offer around 4.28 million shares through offer for sale. The company is going to sale their promoters and investors stake sale. The company has been operating from last 23 years.

As per the stake sale will include Intel Capital 2.07 mn, Amadeus IV DPF 1,70,502 and Accion Frontier Inclusion Mauritius 4,75,000 equity shares. The promoters Dinesh Chandra Agarwal to sell 8,52,453 while Brijesh Agarwal to sell 5,77,656 shares in the upcoming IPO.

IndiaMart ipo lead managers are ICICI Securities, Edelweiss Financial Services and Jefferies India.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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