IndiaMART InterMESH Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,658,397 (75%) | — | ₹35,596 Cr |
| NII (HNI) | — | 731,679 (15%) | — | ₹7,119 Cr |
| Retail | — | 487,786 (10%) | — | ₹475 Cr |
| Employee | — | 10,000 (0%) | — | ₹10 Cr |
| Σ Total | — | 4,887,862 (100%) | — | ₹475,589 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,595 |
| Retail (Max) | 13 | 195 | ₹189,735 |
| S-HNI (Min) | 14 | 210 | ₹204,330 |
| B-HNI (Min) | 67 | 1,005 | ₹977,865 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 5,074 | 4,105 | 3,178 |
| Profit After Tax | 200 | 548 | 643 |
| Total Assets | 8,208 | 5,427 | 2,209 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
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Company Overview
Incorporated in 1999, IndiaMART InterMESH Limited is an online B2B marketplace to deal with business products and services. It is an online platform for business buyers to connect with suppliers of the products and services. As on 31st March 2018, the company had 4.72 million supplier storefronts with listed 50.13 million products and 59.81 million registered buyers.
The buyers can place business enquiry by visiting suppliers (both small and medium) online at this marketplace and explore the product and services listing offered by the suppliers. The company offers product and services across 52 industries and this marketplace is accessible through desktop and mobile platforms.
The company earns revenue primarily by selling the subscription packages which are available for a month, year and multi-year. This package offers the following benefits to the suppliers:
1. Listing of the supplier storefronts on online marketplace based on priority,
2. Access to lead management system,
3. Integrated access to a 3rd party online payment gateway, and
4. Access to RFQs or buy leads
In addition, the company also generates revenue by advertising, sale of RFQ credits and payment facilitation service.
Key Strength of India Mart
1. One of the leading B2B e-Commerce Players in India.
2. Expected growth in SME sector to significantly benefit IndiaMART.
3. A robust two-way discovery marketplace connecting buyers and suppliers.
4. Well-placed to cash in the opportunities in India's wholesale market.
India Mart IPO - Key Risks
1. General demand slowdown for the types of products and services listed by the suppliers on IndiaMART online marketplace.
2. Increasing competition from players like Tradeindia.com (4.3 mn users) and Alibaba India. Others include JustDial, Google, Industry Buying, Power2SME, Moglix and Bizongo.
Competitive strengths
1. Strong network
2. A large number of listing of product and service
3. Diverse industry categories
4. PAN India presence
5. Subscription packages and subscription-free services
6. A cost-effective platform
7. Robust mobile platform