IndiaMART, the country’s first and largest B2B digital marketplace, has emerged as a game-changer in the B2B scene. It focuses on quickly and easily integrating Small and Medium Businesses (SMEs) into the new paradigm, and it is always pushing the boundaries of innovation to make the online marketplace more accessible, visible, and engaging to them.
As of 31 March 2023, the company’s presence has been diversifying, with Metro Cities accounting for only 31% of purchasers, Tier II Cities accounting for 25%, and the rest of India accounting for 44%. The company’s diverse presence helps to mitigate the impact of region-specific hazards on its operations. It has 85 office branches across the country and a sales and service team of 4,583 people. The company controls over 60% of the online B2B classifieds market, making it the industry’s top player. It has 7.5 million supplier
shops, 170 million registered buyers, and 1,021 million recurrent users in its portfolio.
IndiaMART Share Buyback 2023 Details
| IndiaMART Buyback Dates | Coming soon |
| IndiaMART Buyback Price | INR 4,000 per share |
| Market Price on Buyback Approval | INR 2,899.3 per share |
| Buyback Premium on Market Price | 37.96% |
| Buyback Offer Size (Shares) | 12,50,000 shares |
| Buyback Offer Size (Amount) | INR 500 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
IndiaMART Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 17 July 2023 |
| Buyback Approval Date | 20 July 2023 |
| Public Announcement of Buyback | Coming soon |
| IndiaMART Buyback Record Date | Coming soon |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
IndiaMART Buyback 2023 Documents
- Letter of Offer
- Draft Letter of Offer
- Public Announcement
- Board Approval
- Upcoming Share Buyback
IndiaMART Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
|---|---|---|
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 5.27 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
IndiaMART Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
|---|---|---|---|
| Revenue | 669.56 | 753.49 | 985.40 |
| Total Expenses | 364.13 | 462.99 | 756.74 |
| Net income | 279.78 | 297.62 | 283.83 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 4,000 |
| Maximum shares for small shareholder (2,00,000/4,000) | 50 shares * |
| Closing price of stock as on 20 July 2023 | INR 2,899.3** |
| Maximum amount invested in buyback (INR 2,899.3 x 50 shares) | INR 1,44,965 |
IndiaMART Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
|---|---|---|---|---|
| 50 | 3 | 3 (100%) | 11,460 | 127.33 |
| 50 | 3 | 6 (200%) | 22,920 | 254.67 |
| 50 | 3 | 9 (300%) | 34,380 | 382.00 |
Registrar of IndiaMART Buyback 2023
- Coming soon
Manager of IndiaMART Buyback 2023
- Coming soon
Process to Participate in IndiaMART Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
IndiaMART IPO FAQs :
Q1. What are IndiaMART buyback dates?
Ans. IndiaMART share buyback opens on 2023 and closes on 2023.
Q2. Which type of is IndiaMART buyback offer?
Ans. IndiaMART buyback is a tender offer.
Q3. What is the IndiaMART buyback price?
Ans. IndiaMART buyback price is INR 4,000 per share.
Q4. What is the IndiaMART buyback record date?
Ans. IndiaMART buyback record date is Coming soon.
Q5. How to participate in IndiaMART share buyback?
Ans. IndiaMART share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
