The Initial Public Offering (IPO) of an online marketplace for business products and services, IndiaMART InterMESH was subscribed 36.16 times on the final day of bidding on Wednesday.
According to the NSE data until 1900 hours, the ?475-crore IPO received bids for 9,73,85,775 shares against the total issue size of 26,92,824 shares.
According to merchant banking sources, the qualified institutional buyers’ book was subscribed close to 30.83 times, non-institutional investors 62.12 times and retail individual investors 13.37 times.
The Initial Public Offering (IPO) is for 48,87,862 equity shares, including anchor portion of 21,95,038 equity shares.
Dinesh Agarwal, founder and managing director, IndiaMART InterMESH, said, “We are confident that together, we will deliver value for all stakeholders in the times to come and will continue to look forward to our increasing contribution towards the growth of the Indian economy and employment by use of technology.”
Read EquityPandit’s Nifty Outlook for the Week