Tuesday, July 03, 2018

IndiaMart Files Draft Papers for IPO

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.