Initial Public Offering (IPO)

1. Name of IPO – Indiamart Intermesh Ltd

2. Details of IPO

Open Date: Jun 24 2019

Close Date: Jun 26 2019
Total Shares: 4,887,862
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 475 Cr.
Lot Size: 15 Shares
Issue Price: ₹ 970-973 Per Equity
Share
Listing At: NSE,BSE
Listing Date: Jul 04 2019

About Company

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.

3. Capital structure of the company

Before IPO issue:

(Data as on 31st March 2019)

o Debt = NIL (long-term debt)
o Equity = (-)312.27 Cr INR (Total shareholders’ funds)
o Debt-to-Equity ratio = 0.0

After IPO issue:

(Data as on 31st March 2020)

o Debt = NIL (long-term debt)
o Equity = (+) 160.68 Cr INR (Total shareholders’ funds)
o Debt-to-Equity ratio = 0.0
4. Valuation of company

Pre-issue :

Total number of share = 2.89 Cr

Shares were issued at 973 Rs/ share
o Value of company = Total no of shares * Share issued price = 2811.97 Cr
Company value at 2811 Cr INR before company is listed in market (Pre-issue company
valuation)

Post-issue :

Total number of share = 2.89 Cr

The first trading session closed at INR 1,301.95 per share, valuing IndiaMart IndiaMesh Limited
at INR ~ 3759 crore = = Total no of shares * Share issued price
Post Issue Valuation = 3759 Cr

5. Post issue Performance 1 years vis a vis Nifty

Growth rates over the one-year period from 4th July 2019 to 4th July 2020 are as follows-
- IndiaMart IndiaMesh Ltd = 67%
- Nifty 50 = -22%
Chart for comparing performances is as follows-
(Data have been scaled to 100 at the start of the period for ease of understanding)

1 year performance comparison

250.00

200.00

150.00

100.00

50.00

0.00
9 9 9 9 9 9 9 9 9 0 0 0 0 0 0 0
l-1 l-1 -1 -1 -1 t-1 -1 -1 -1 -2 -2 -2 -2 -2 -2 -2
J- u -Ju Aug -Sep -Sep -Oc Nov Nov -Dec -Jan -Jan -Feb Mar Mar Apr May
1 22 2 - 2 3 4 4- 5 - 6 6 7 7 9- 0 - 0 - 1 -
1 2 1 2 1 2 1 3 2 1

IndiaMart Nifty
3 years performance comparison – Not applicable because IPO year is 2019