The IndiaMART Buyback date has been Recorded on August 25, 2023
Established in 1999, IndiaMART InterMESH Limited is a digital B2B marketplace that facilitates transactions for business products and services. It provides an online platform where buyers can connect with suppliers offering a wide range of products and services.
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Record Date
August 25, 2023
Buyback Price
₹4000 per equity share
Face Value
₹10 per share
Offer Closes On
September 6, 2023
IndiaMART Buyback Price
The IndiaMART Buyback price is ₹[4000 per equity share ].
IPO Overview
It provides a convenient online platform for business buyers to connect with suppliers offering a wide range of products and services. By visiting this marketplace, buyers can easily place business inquiries and explore the extensive list of offerings from suppliers, including both small and medium-sized businesses. With a presence in 52 industries, this marketplace is accessible through both desktop and mobile platforms, ensuring convenience and accessibility for users.
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 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 |
Company Profile
IndiaMART is the biggest online B2B marketplace in India, facilitating connections between buyers and suppliers. With a dominant 60% market share in the online B2B Classified sector in India, this platform is dedicated to providing a space for Small & Medium Enterprises (SMEs), Large Enterprises, and individuals. Established in 1999, the company’s primary objective is to simplify the process of conducting business. The company boasts an extensive network spanning the entire nation, comprising 85 office branches and a dedicated sales and service team consisting of 4,583 employees. With an impressive market share of nearly 60% in the online B2B classifieds sector, it stands as the dominant player in the
industry. Furthermore, the company’s portfolio includes a staggering 7.5 million supplier storefronts, attracting 170 million registered buyers and amassing a total traffic of 1,021 million repeated users.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91-22-4918 6270 |
| Email ID | indiamart.buyback2023@linkintime.co.in |
| Website | https://inkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | IndiaMART Buyback Limited |
| Phone number | +91 – 120 – 6777 |
| Email ID | customercare@indiamart.com |
| Website | https://www.indiamart.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
